Solutions
Blockchain Services and Solutions by Fortified Infotech
Comprehensive Offerings to Guide Your Blockchain Journey
Fortified Infotech assists clients in exploring every facet of blockchain technology and developing custom solutions designed to create value. With expertise in architecture, digital design, and development, we support our clients in their pursuit of innovative, market-ready blockchain solutions that tackle real business challenges.
Blockchain Services
Blockchain technology is becoming a focal point for organizations across various industries, including consumer products, manufacturing, financial services, healthcare, life sciences, and the public sector. Fortified Infotech helps companies achieve numerous goals related to blockchain implementation—innovation and ideation, strategy development, prototyping, and product development. Our services to guide your blockchain journey include:
Innovation and Ideation
- Identify Use Cases: Continuously uncover relevant use cases to maximize the benefits of blockchain technologies.
- Collaborative Evaluation: Work with clients to assess existing processes, pain points, and objectives, brainstorming areas for blockchain adoption.
- Thought Leadership: Help clients understand the broad innovation landscape of blockchain opportunities through our thought leadership and ecosystem tracking.
Strategy Development
- Define Goals: Assist clients in defining blockchain goals and objectives as part of a strategic plan outlining “where to play and how to win.”
- Business Cases: Develop comprehensive business cases to secure executive buy-in, driving business, technology, integration, talent, and consortium operating models.
- Implementation Strategies: Formulate strategies to pilot and implement blockchain solutions for prioritized use cases.
Prototyping
- Accelerated Prototyping: Expedite the creation of blockchain prototypes using our technical expertise, industry knowledge, and platform partnerships to meet unique client requirements.
- Proof of Concept Library: Utilize our extensive library of proof of concept solutions to act as accelerators across supply chain, loyalty, KYC, trade finance, identity, payments, and more.
- Flexible Approach: Implement an iterative and flexible approach to keep pace with the rapidly changing ecosystem.
Product Development
- Technical Expertise: Deploy our skilled global blockchain practitioners to re-engineer business processes and build applications.
- Effective Partnerships: Collaborate to leverage advanced blockchain technology platforms, tailored to client needs.
- Comprehensive Services: Offer a wide array of services, including compliance, technology, talent, operations, and tax, to effectively integrate your blockchain solution.
Blockchain Solutions
Blockchain technology is becoming a focal point for organizations across various industries, including consumer products, manufacturing, financial services, healthcare, life sciences, and the public sector. Fortified Infotech helps companies achieve numerous goals related to blockchain implementation—innovation and ideation, strategy development, prototyping, and product development. Our services to guide your blockchain journey include:
Auto Lending: A platform that simplifies the auto finance process using blockchain capabilities, creating an auto loan marketplace that connects dealers, lenders, and customers to facilitate smart loans.
Bancassurance: A distributed ledger technology prototype using Hyperledger Fabric to automate labor-intensive processes through smart contracts, facilitating onboarding and premium payments between insurance companies and banks, improving transparency and productivity.
Business Registry and Licensing: A blockchain-powered business registration and licensing platform that unites business registrants and government bodies, enabling efficient and reliable interactions and digital transactions across governmental levels.
Cross-border Payments: A working prototype built on Stellar and Ripple blockchain rails for direct cross-border payments using only the receiver’s phone number or email, eliminating intermediaries.
Crypto Tags: Combining IoT with blockchain to create secure digital identities for physical goods, demonstrating how physical assets can be digitized to create a “digital twin.”
Customer Onboarding: A seamless onboarding experience for individuals and organizations, part of the digital bank accelerator’s broader microservices architecture, using blockchain for secure, efficient digital identity management.
Digital Onboarding with KYC: A blockchain KYC solution shared by financial institutions to speed up account opening processes, reducing the need for repetitive data entry and documentation upload by customers.
Double Financing Alert | eMortgage Alert: A blockchain solution generating alerts for double financing of properties, distributing mortgage information securely without exposing sensitive customer or party information.
EduScrypt: A platform for real-time validation and sharing of certified qualifications, meeting regulatory requirements and aiding organizations in managing professional credentials.
Fraud Detection Solution: A blockchain and machine learning-based solution for real-time fraud detection, capturing transaction anomalies and generating risk scores based on blockchain transaction IDs.
Fund Distribution: A blockchain solution to simplify and enhance efficiencies in fund distribution processes, improving customer experience and loyalty.
GlobalConnect: A solution addressing the challenges of heterogeneous global supply chain and trade finance networks, enabling true trade connectivity without compromising local ecosystem flexibility.
Insurance–First Notice of Loss (FNOL): A blockchain-enabled FNOL process for automating flood claim adjudications, collecting rapid event impact data and minimizing adjudication efforts through predefined parameters.
Know Your Customer (KYC) Utility: A distributed ledger technology approach to streamline KYC reporting, reducing the burden through shared economies of scale among ecosystem participants.
LenderBot: A proof of concept for tracking microinsurance operations, utilizing blockchain to facilitate onboarding and offer personalized solutions, enhancing confidence between transaction stakeholders.
Loans Management | SAP/HANA and Blockchain: Integrating blockchain with SAP loans management for banking, replacing paper-based ownership certificates with smart contracts, covering a wide range of lending products from setup to repayment.
RegChain | MiFID II: A blockchain solution improving the MiFID II reporting framework to the EU, creating a single source of truth for data across multiple systems, ensuring compliance and transparency.
RegChain | Liquidity Coverage Ratio (LCR): A platform automating LCR reporting, providing secure data storage, daily access to reports, and a complete audit trail, improving transparency and compliance.
RegChain | MMIF: A blockchain solution streamlining regulatory reporting processes, acting as a central repository for safe storage and review of regulatory data, applicable across various institutions.
Reinsurance: A blockchain solution for managing reinsurance contracts and settlements, increasing transparency and trust among participants through immutable records and automated smart contract payments.
Timestamping Over Blockchain: Leveraging blockchain’s unique features to achieve data immutability, meeting Dodd-Frank Act requirements for trade reconstruction and auditability.
Track and Trace: A blockchain solution enabling high-trust tracking and tracing of finished goods and materials from registration to delivery, ensuring data authenticity.
Trade Finance Platform: A comprehensive solution for managing international trade financing activities among multiple parties, enhancing transparency and efficiency.
Trade Finance | Letter of Credit Simplification: A blockchain solution digitizing the letter of credit workflow, streamlining documentation processes and increasing transparency, reducing lifecycle effort by up to 90%.
Transaction Reporting:A blockchain-based shared ledger for pre-reconciled transaction reports, improving transparency, data reconciliation, and timing, and reducing reporting costs for financial institutions.
Wholesale Funds Distribution: A prototype for investment fund distribution via blockchain, enhancing distribution efficiency and reducing third-party intervention needs.
For more information about our blockchain solutions, please contact the Us.