Showcasing solutions brought to life with Catalyst Blockchain Manager
Represent real-world assets – from financial instruments, commodities, to real estate – as secure digital tokens via distributed ledger technology (DLT).
Enable financial institutions to share KYC information about legal entities while complying with all relevant legislation.
Enhances programmable payments functionalities beyond credit transfer, credit transfer and direct debit, to allow purpose-based payments.e
Through tokenization, goods and services can now be traded as digital assets. But for digital settlement to be optimally exploited, cash flows must be adhere to how, when, or even where they are used in transactions.
IntellectEU is collaborating with a Belgian bank and developed a new ecosystem for payments using programmable tokens. The group’s first digital currency went live in June 2022. This represents a first for any European financial institution. Live for their 1.8 million customers.
The group chose Catalyst to deploy and scale its cutting-edge Programmable Money Platform. Participants can use Catalyst to easily enter the network.
During a live event in Belgium, over 8000 people executed almost 40,000 transactions.
Cost of AML compliance was more than $110 billion in 2018 across financial institutions in US and Europe. KYC of SME account is tedious, takes on average 20 hours in due diligence time.
4 major banks in Europe with a consortium group will use a blockchain application for sharing corporate data as part of the Know Your Customer process. This will streamline the verification and maintenance of corporate identities for businesses and banks.
Thanks to Catalyst, the banks can deploy and manage the Blockchain application. Catalyst brings all the High-Availability and security requirements to run the KYC Blockchain application.
The KYC sharing solutions on Catalyst decreases onboarding time up to 80% and can drop false positives with 20%
With environmental regulation gaining momentum, sustainable aviation fuel (SAF) will soon be a requirement in the European Union. Modern aviation operators still struggle to collect and verify key information related to their use of SAF. Blockchain is playing a vital role in adding transparency and auditability to this form of sustainability initiative.
4AIR use Hyperledger Fabric supported by IntellectEU’s Catalyst Blockchain Manager to build the platform. 4AIR’s resulting SAF Registry allows registering, transferring, retiring and tracking of tokenized aviation fuel batches across the platform.
Thanks to Catalyst, 4AIR can accelerate the build of their blockchain-based registry that increases transparency for both direct and indirect emissions claims.
Catalyst ensures that there is 100% transparency in a trusted environment end-to-end.
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