Genesis Block Development

Transcription

1 Genesis Block Development

2 Who we are We are a group of companies engaged in software development, payment systems implementation, software and web solutions for e-commerce and blockchain solutions for business. We are one of the leaders on the Russian market of software development for electronic payment systems and payment terminals for self-service, processing, and acquiring. The software solution of the company is used in more than self-service payment terminals, pos-terminals and smartphones in Russia, Turkey, Saudi Arabia, United Arab Emirates, Spain, Turkmenistan. Our clients are the payment systems, service providers, telecommunication companies, banks, housing and communal services.

3 Our solutions Allow to accept payments at self-service terminals, cashiers, smartphones, POS terminals in favor of cellular operators, the Internet, telephony, utilities and crypto currency. Successfully work on the largest e-commerce systems: X-Plat, CyberPlat, e-port, QIWI, DeltaPay and others. Gateways with crypto-exchanges: OpenLedger, Coinsbank, BITLISH, RUDEX, KUNA, BTC-E. Are reliable and universal means for business, easily adapting to the needs of any country.

4 Payment acceptance scheme 1. Payment system makes a prepayment to the MNO's account. It has the right to accept payments at payment kiosks only within this amount. 2. The payer enters his phone number through the selfservice interface. 3. The kiosk sends a request to the processing center to confirm the entered mobile phone number. 4. The processing center sends a request to the operator to check the entered mobile phone number. 5. Having received a positive response to the request the processing center sends permission for the kiosk to accept payment. 2 3 Processing center Payment terminal (kiosk) 1 Payment system account Operator s billing 6. The payer contributes the amount necessary for making payment. 7. After entering money in cash and confirming the customer's transaction, the request is sent to the server of the processing center. 8. After all necessary checks and debiting of funds from the account of the payment system, the processing center sends a request for registration of payment to the mobile operator. 9. The money is transferred to the client's account on the billing system of the mobile operator. The payment system reports of successful payment.

5 Our partners

6 System Benefits More than simultaneous transactions per minute Reliability and high data transfer speed The average interaction time (system reaction time) is 1.5 ms. Security and Protection Due to the implemented algorithms of electronic digital signatures (EDS) and encrypted SSL connections we provide an unprecedented level of transactions security at all stages - from authorization and authentication to the data transfer and completion of transactions.

7 Blockchain solutions development Mutual payments and settlement systems Public registers Transaction accounting systems Online voting and document verification systems Digital shares, liabilities and derivative financial instruments issue And much more

8 BLOCKCHAIN Until the cryptocurrencies appearance, no one could transfer the values at a distance without the permission and support of a third party. This was the whole essence of blockchain technology - a simple but revolutionary idea of instantaneous transfer of real value. That's why so many people, both technologically and financially, are very enthusiastic about what this technology can offer. Blockchain is announced by many experts as the fifth computing paradigm, which will bring with it the ubiquitous experience of sharing values on the Internet. 1970s mainframe 1980s PC 1990s Internet 2000s Social media 2010s Blockchain

9 How does it work? 1 Transaction definition 2 Transaction authentication 3 Block creation Encryption code: 5 Block chaining Validated block: 4 Block validation

10 Transaction definition The Sender creates a transaction and transmits it to the network. The transaction message includes details of the Receiver s public address, the value of the transaction, and a cryptographic digital signature that proves the authenticity of the transaction. Transaction Authentication The nodes (computers / users) of the network receive the message and confirm the authenticity of the message by decrypting the digital signature. An authenticated transaction is placed in the "pool" of pending transactions. Block creation These pending transactions are put together in an updated version of the ledger, called a block, by one of the nodes in the network. At a specific time interval, the node broadcasts the block to the network for validation. Block changing If all transactions are validated, the new block is chained into the blockchain, and the new current state of the ledger is broadcast to the network. This whole process can be completed in 3-10 seconds. Block validation The validator nodes of the network receive the proposed block and work to validate it through an iterative process which requires consensus from a majority of the network. Different blockchain networks use different validation techniques. The various techniques have different pros and cons. The common denominator is that they ensure that every transaction is valid, and make fraudulent transactions impossible.

11 Integration of payment gateways of our software with CoinsBank and OpenLedger - companies using blockchain technology and providing services related to digital payments, trading, investments, advertising and other tools for placing digital assets and profit from trading, advertising and investing in digital tokens. The platform runs on the fastest BitShares blocking system, providing a speed of 100 thousand transactions per second. Creation of asset on bitshares as a payment instrument for transactions based on crypto tokens. FUNCOIN - traded on major crypto currency stock exchanges and has a capitalization of more than $ 1,000,000. Perfectly fits into the overall ecosystem of online payments, FUNCOIN can be used as a settlement facility for payment within financial organizations using crypto currency.

12 Our system for crypto currency payments successfully functions both in mobile versions for Android applications and in terminal payment acceptance systems.

13 In the era of the development of crypto-currencies and their further spreading as a means of payment, it is important for users to have at their fingertips a reliable and simple tool for performing operations using digital money. The most universal means for conducting operations on trade, exchange and payments using crypto currency can be a mobile application based on blockchain technologies. Such an application created for Android and ios systems will provide users the ability to quickly and safely perform operations in blockchain networks. Its functionality may include: - the mechanism of exchange trade in major cryptocurrencies; - a digital exchange office; - the possibility of ordering and issuing cards. The versatility of blockchain makes it possible to introduce almost any additional options that make the interaction between the bank's clients and ecosystems as easy as comprehension of everyday financial transactions (cash withdrawal or services payments).

14 Functional scheme of the mobile application * Wallet generation and addresses creation Funds transfer using the address or QR code Viewing transaction information on the Blockchain network Ability to save cards in the application Extended language support Conversion of funds from BTC to the card account * Application functionality can consist of any required number of options

15 Thanks to the accumulated experience in developing software for processing and knowledge of digital currency technologies, we can create an application that meets the highest standards of quality and safety. The user will be able to quickly convert their funds from/into the crypto currency, have current exchange rates at hand, can easily carry out transactions to pay for goods or digital money transfer. Stages and terms of system development: - Terms of Reference creation (2 weeks) - Creating a prototype system (3 months) - Integration with Customer's internal accounting systems (1 month) - Testing the prototype system (2 weeks) - Scalability (2 weeks) The cost of the license (perpetual) depends of your technical needs.

16 Thank you for your attention, we will be glad to work with you! Please, follow our news. Ekaterina Malikova Please, feel free to contact us if you have any questions: