CASE STUDY

Cross-border blockchain payment solution

Blockchain Reactor developed a cutting-edge international blockchain-based payment solution allowing for near-instant cash transfers using cryptocurrency tokens.

THE PROBLEM

International payments are slow, costly, and lack transparency.

Big companies can negotiate a good deal from their bank, but consumers and SMEs get a bad deal, and there are three reasons why.

Issues with speed

Manage Payments between European banks currently take several days to clear when transferred from one bank to another.

Issues with cost

International payments are often very expensive. For consumers, costs can be up to 15% of the total transaction value. This is entirely impractical.

Issues with transparency

There is minimal opacity in international payments – it’s extremely unclear how much you’re spending when you’re making a payment.
Our Solution

We’re making international payments easier through blockchain

A conglomerate of European banks has come together to find a secure, scalable solution for their clients to pay international bills. As the solution provider, Blockchain Reactor is liasing with these banks to provide a user-friendly and intuitive application for their end-users.

Secure, scalable infrastructure

Built upon blockchain technology

Technology Stack

For each project, we use the most suitable, modern technology stack to ensure the client’s requirements are delivered with our end product.

AngularJS

AngularJS was used for the front-end of this project

NodeJS

NodeJS was used for the back-end of this project

Hyperledger Fabric

The Hyperledger Fabric was used for developing the blockchain element of this project

Android

Android technology was used for running this solution on native Android devices

iOS

Apple’s iOS technology was used for running our solution on Apple devices
Pilot Phase

Our solution is currently being piloted in several European banks

The product is being piloted at present so there will be results presented in Q2 of 2019. Once this pilot has been successfully piloted, the leadership team will look to expand internationally to the further afield.

Ready to implement blockchain technology into your business?

Contact us for a free discovery call. Here is what will happen next:

Contact Us

We will introduce ourselves on a video conference

Meet our senior team

Our senior team will discuss your requirements and strategy

Get your budget

Based on your requirements, we provide budget, activity and timeline estimates

Project kick-off

We bring together a team from a range of disciplines to kick-off your project

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