BANK OF CHINA
Electric Web has partnered with the Agricultural Bank of China to provide a unique blockchain-based transaction experience for China or Korea-based customers of the bank. This app functions like an international exchange, allowing the electronic interchange of Yuan to Won or vice versa.
This open-sourced blockchain network drives the app and makes note of every transaction. Payments are made via the app via Fiat or through integration or as part of the Bank of China mobile app. Key to this application are a series of relational databases and integrated private electronic ledger.
This app is the first of its kind in China and has vastly improved efficiency cost of currency conversion of Bank for China customers. In the future this technology will also be used for bank issued cryptocurrencies, securities, bonds, mutual funds and other instruments offered by the bank. This resilient, and scalable platform, is now available to 80% of Bank of China mobile customers, for any transaction under 900 Yuan or 150,000 Won.
This massive cash-in/cash-out system, which would normally have required dozens of developers to maintain, can now all be maintained by a 9-person developer team out of the bank. It can process up to 10 million payments per day. The ledger can also verify whether the payment was cleared, or even used with local vendors.
The National Bank of Kazakhstan (NBK) is the Central Bank of the Republic of Kazakhstan. In partnership with local development agencies, Electric Web has had the honor to internally develop and test a premier net-based blockchain app to sell short-term debt notes to investors. Investors within Kazakhstan are currently using this application, called Batue, to invest in 100 tenge notes without a broker or brokerage account. In the future, this app will be used to sell funds, securities, stocks and facilitate domestic IPOs and ICOs.
While we are still waiting on initial use case efficiency data on this exciting project, early feedback has already attracted over 900 investors and 75 banks. The app comes with sophisticated tracking and analytics. With instant bank communication, Batue can settle domestic payments for notes in real time, initiating payment and confirmation almost instantly. The ledger can be audited at any time by the Central Government of Kazakhstan.
Minimizing liquidity costs and the need for pre-funded tenge, a key concern for this emerging market, this application has been a feature of the Kazakh Economic Council’s presentation to the bank board. Payment providers are enabled to interface with the app in order to provide final beneficiary settlement. The standard payment interface requires no installation, and allows printable invoices.
This product revolutionizes operations and supply by using the built-in QR code and scanner to show the lifecycle of each product.
Wind Stock is a blockchain based stock investment platform for the Chinese Market based out of Shanghai.
Offering real time transaction tracking, investment in the Shanghai stock exchange, crypto market cap fund trading, and a variety of investment portfolios.
Repu is a fully integrated platform that is a token to create other tokens. In order to facilitate funding, ICOs, and other forms of fund-raising.
ANS, “China’s first blockchain system,” is a crypto and blockchain platform allowing for the creation of smart assets and smart contracts on a high number of transactions simultaneously through consent code. It currently has a market cap of over $650,000.
Carbon2o2 is a project founded in 2021 in Naples, Florida. The Company seeks to take its carbon credits and retail them in the form of an ERC20 (Ethereum-based) token.
The CARBON202 Token (C202) leverages the trust and immutability of Blockchain Technology to offer a public ledger for certified Carbon Offsets.
Sony DRM Blockchain
Use a legal licensed image any Sony’s blockchain-based DRM system, focused initially on educational content under Sony Global Education, aims to enhance security and traceability in digital rights management. Utilizing blockchain’s immutable and tamper-resistant features, this system is designed to track content creation and distribution, ensuring verifiable proof of ownership. However, the initiative faces criticism regarding its practicality and data privacy concerns, as all transactions related to the intellectual property are recorded on the blockchain. Despite these challenges, Sony’s integration of blockchain into DRM represents a pioneering approach to protecting digital content rights.