ICT and telecommunications company Telindus has developed SmartMatch Solution in collaboration with IntellectEU based on Hyperledger Fabric, an open source blockchain framework and one of the five Hyperledger projects hosted by The Linux Foundation.
Frank Roessig, head of digital finance solutions at Telindus and Dirk Avau, CEO of IntellectEU will make a live demo of the SmartMatch Solution at the Hyperledger Mini Summit during Consensus 2017, the annual blockchain technology summit organised by Coindesk in New York on 22 to 24 May this year.
Dedicated to the Financial sector, SmartMatch Solution renders transactions more effective, faster & cheaper. It does also identify and resolve outstanding transactions in a collaborative, efficient plus auditable manner. This solution allows multiple parties to identify and resolve items that have been posted to a chain but do not match. It is based on Smart Contracts that will solve unmatched items based on pre-defined rules in a swift, transparent, traceable, and partly automated manner.
Many uses are claimed for this tool in the financial Sector, including asset management, fund administration, depositary, private banking, wealth management, lending, payments, and more
According to Telindus, the benefits to the financial sector encompass improved process efficiency, superior execution quality as well as enhanced user experiences.
