Blockchain Use Cases in Financial Services Industry - iFour Technolab Pvt. Ltd.
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USE CASES IN: FINANACE
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USE CASES IN: FINANACE
Blockchain in Finance
Encryption technology can help reduce overall cyber frauds
Technology can address below key areas:
Security Accessibility Auditing
24 x 7 service can be offered by banks
Allows financial institutions to create direct links internally
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USE CASES IN: FINANACE
Blockchain in Finance
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PTewcCh nreoplogrty,  c2a4n% a odfd firensasn bcieallo ewx ekecuy taivresa sf:rom around the world are very familiar
Security Accessibility Auditing
Global Fintech Report 2017, 77% of Fintech institutes expect to adopt Blockchain 
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Transaction clearance and settlement without central database
Allows financial institutions to create direct links internally
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USE CASES IN: FINANACE
Use Case 1: Digital Identity & KYC Process
Implement central blockchain ledger that can be accessed by all banks
Benefits:
Central repository of all KYC 
documents
Can be accessed by banks anytime 
anywhere
Reduces KYC time and cost 
drastically
Customers to submit KYC once
Initiatives:
KYC-Chain - Enabling organizations to manage KYC processes for 
individuals & corporates
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USE CASES IN: FINANACE
UseU Csaes Cea 2s:e O 1n: liDnieg iTtraal dIdinegntity & KYC Process
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online
Benefits:
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dborecaucmhensts
CFaasnt btrea daicncge spsreodce bsys ebsanks anytime 
anywhere
ROevdeuraclel st iKmYeC  atnimd ec oasntd r ecodsutc tion
drastically
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IIniittiiattiives::
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tirnadcikvsid ausaslse t&s corporates
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USE CASES IN: FINANACE
UseU Csaes Ce a2s:e O 3n:l iMneo rTtrgaadginegs
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oi ntleinrest rate
Benefits:
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breaches
FCaasnt rterasduilnt gs apvrioncgess isne sbetween 6% to 15% for mortgage 
lenders
OMvoertrgaallg teim pero acneds scionsgt  freeedsu catino nbe drastically reduced
Minimal transaction charges
Initiatives:
InitBialotcivkecsh:ain Mortgage - Make a person ‘home-owner’ in 5 days instead 
Eovf e4r2le dagyesr  w- Bhliochck tcrhaadiinti oimnapll esomuerncetast gioenn &er al ldyi gtaitkael ledger that protects & 
tracks assets
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USE CASES IN: FINANACE
Use Case 43: FMuonrdtgraigseinsg
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interest rate
CBreenaetfiintsg: crypto economic model of funding that access to capital from traditional 
finCaann csiiaml psliefyr vthicee osverall mortgage processes
Benefits:
Can result savings in between 6% to 15% for mortgage 
lFeunnddeinrsg gets cheaper as middleman costs 
Maroer tcguatge processing fees can be drastically reduced
Flexibility for the investors
InFituinadtsiv ceasn: be collected in fiat as well as cryptocurrency which attract 
investors
Blockchain Mortgage - Make a person ‘home-owner’ in 5 days instead 
Iniotifa 4ti2v edsa:ys which traditional sources generally take
Oodles Technologies–Niche in awe-inspiring domains like Blockchain and 
deliver end-to-end development solutions
https://www.ifourtechnolab.com/finance-custom-software-development
USE CASES IN: FINANACE
Use Case 45: FInusnudrraaniscieng
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claim process
BCerenaetfiintsg: crypto economic model of funding that access to capital from traditional 
finSaimnpcliiaficl asteiornv iocfe osverall insurance claim 
processes
Benefits:
Elimination of middleman
Funding gets cheaper as middleman costs 
Raered uccuttion in time and cost
Flexibility for the investors
Fraud detection and risk prevention
Funds can be collected in fiat as well as cryptocurrency which attract 
investors
Initiatives:
Initiatives:
Safeshare Global - First company in the world that launched a blockchain-based 
sOooludtleiosn T feocrh innosluorgainecse–Niche in awe-inspiring domains like Blockchain and 
deliver end-to-end development solutions
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USE CASES IN: FINANACE
What we offer?
Custom Blockchain mobile and software
Blockchain Consulting
Cryptocurrency (ICO)
https://www.ifourtechnolab.com/finance-custom-software-development
USE CASES IN: FINANACE
What we offer?
CDuAsptpo mDe Bvleolcokpcmhaeint mobile and software
BHlyopcekrclheadigne Cr oSnesrvuilctieng
CSmryaprtto cCuornrternacyt D(ICevOe)lopment
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USE CASES IN: FINANACE
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