Advantages of Auxledger over existing blockchain solutions  
Knowledge Base

No Compromise with privacy: Auxledger provides data reliability of a public Network and Transaction speed of a private Network. Vertical Integration of third-parties: Multi-tier Networking of Auxledger will improve the scalability. Interoperability: Interchain transaction will implement interconnectivity between different third party vendors.

Advantages of the proposed solution  
Knowledge Base

Self-Auditable: Blockchain based system will ensure that each party holds their end of the bargain without any need of the third party. Therefore the smart contract technology would trigger automated invoicing and payment processes between the two companies. Cost and Time Efficient: The workforce and fees required for conducting these contracts […]

Vendor Governance on Blockchain:  
Knowledge Base

Blockchain enabled SLA management may not revolutionize the practice, but it could certainly increase efficiency, speed, and accuracy. Enabling the companies to digitize every component of the contract and validate the service, vigorously keeping its pace to the ground. If service providers and their customers were to tie their payment […]

Issues in the Current System  
Knowledge Base

Feeble man, not the firm: Task of reviewing vendor contracts often assigned to those who sound familiar with technicalities of the particular operation in the question, not to those who are concerned with contractual terms. Focusing more on cost metrics: Vendor contracts often executed by bank management with little or no […]

Advantages of Auxledger over existing blockchain solutions  
Knowledge Base

There are thousands of potential financial institutions who can sanction loan on Invoice. To claim 100% fraudulent-proof system, you need to bring every potential investor onto your platform, which is nearly impossible. Interoperability between different Financial Institutions: With Auxledger, every financial institution without risking its privacy can run its own […]

Advantages incurred with blockchain  
Knowledge Base

The reliable credit history of IF seekers: Credit history of IF seekers can be stored on the blockchain, which will build trust within investors. Improved GDP: As soon as potential liquidity becomes available to SMEs, the economy of the country will get availed. Reduced Fraud: With the advent of the […]

Challenges in current System  
Knowledge Base

Double Financing: As mentioned earlier; on an average of approximately 0.1% to 0.05% of invoices paid are typically duplicate payments. Invoices are easy to duplicate as we have seen that being leveraged in the case of Businessman Vijay Mallya. Banks not readily giving loans: Because of a massive amount of […]

Discounting is a multi-trillion dollar industry  
Knowledge Base

The forthcoming business will have instant access to the funds to help their cash flow which will only pay interest on the amount they borrow in case their suppliers are not aware of the agreement. However, duplicating an invoice is now possible. Following which the duplicate invoice payments occurred far […]

Electronic Health Record  
Knowledge Base

Today’s EHR (electronic health record), although very essential, is available in an unstructured format, and controlled by various healthcare providers and are stored in a central database of each of such providers. Making them vulnerable to the Hackers. Moreover, it doesn’t has a user-friendly interface, and lack interoperability making it […]

Land Registration  
Knowledge Base

The land is one of the most controversial subjects in India. The lack of proper system to maintain land records and provide a person with conclusive titles results from infrequent and long drawn legal conflict. Today land title in India does not guarantee an owner his complete rights. Moreover, property […]