The new Smart Contract Settlement Exchange connects diverse banking and other payments systems worldwide without requiring each institution to integrate to hundreds of upcoming proprietary blockchain payment systems.
Smart Token Chain gives financial institutions the ability to create fully proprietary ledger systems and smart contract tools, yet easily exchange transaction and settlement messages with other proprietary blockchain systems.
Smart Token Chain technology will also connect traditional or legacy payments systems to these new proprietary blockchain systems, so financial institutions that are not investing heavily in blockchain innovation labs will have the ability to reach, and collaborate with, those ahead of them on this technology curve.
Financial institutions and industry intermediaries are rushing to get ahead in this technological race through their innovation labs. They want the speed and contract closure (Finality of Payment) that the blockchain offers. They like the vision of being able to economically process fully automated and/or programmable smart contracts that bypass intermediaries. But they have no interest in the “open ledger” that formed the founding rationale for BitCoin.
Smart Token Chain spotted the need for a universal “blockchain system exchange” that will sit at the center of the web of all these proprietary blockchain settlement systems.
Smart Token Chain has created the integrating mechanism that will eliminate the cost of building all those interfaces.
This will speed up acceptance of blockchain solutions for smart contract settlement, moving settlement speed from two days or more, to real-time.
The solution uses patent-pending Smart Token technology combining smart contracts, tokenization, and blockchain to unify financial services and establish a common global standard for value exchange. STC improves existing inefficient processes in P2P and B2B market segments, launching new services with a growing base of strategic global partners, including MasterCard, Ripple, and the World Council of Credit Unions (WOCCU).
Each unique Smart Token includes counterpart identities, transaction and invoice data. STC derives revenue from licensing, transaction fees and low-risk foreign exchange (FX) arbitrage.
Opportunities also exist for STC to power new P2P Lending, and global Trusted Agent Network models.
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