Would it be like Shopify but for blockchain projects?
Yes, in some moments. And more flexible.
Our blockchain-based solution will fulfill the following tasks:
• Reduce the overall impact of fraud
Problem: Up to 8% of the revenues had been lost due to fraud last year*.
Solution: Blockchains can completely eliminate types of fraud such as chargeback fraud and card-not-present fraud and reduce the impact of other types.
• Improve the efficiency of the current processing system
Problem: In last year, almost 40% of all transaction attempts were fraud*. Solution: Eliminating card-not-present fraud will reduce the instances of attempted fraud in transactions.
• Reduce operational expenses for fraud management
Problem: In last year, a typical e-commerce spent nearly 5% of their revenue or nearly 25% of OpEX to Fraud Management*.
Solution: Eliminating card-not-present fraud and chargeback fraud will reduce the cost of Fraud management.
• Remove confidence issues
Problem: As soon as there is no chargeback by design, transferring money to someone you can’t trust can make you feel apprehensive.
Solution: All deals are processed by smart contracts, so fair refunds are still an option.
• Reduce the CAPEX for blockchain integration
Problem: A blockchain and smart contracts developing integration needs a lot of funds and efforts
Solution: A set of secure smart contracts and blockchain integration modules will be developed and ready to use via external APIs.