Improve tax compliance
A blockchain-based replacement for an inefficient and fraud-attracting export licensing process and excise tax collection, reduces fraud and improves compliance with excise taxes
Increase Trust
Blockchain helps track evidence chain of custody i.e. voting records, financial information, property information, and more are stored without manipulation. Thus helping citizens feel a sense of security in the data maintained by them and the government is accurate.
Reduce corruption
With Blockchain you can create traceable ledgers for every person responsible. Thus creating transparency in audits and helping auditors track corruption or misuse of funds with ease.
Trim the wastage
Blockchain removes the scope for human error by providing automated solutions thus ensuring less manual administrative oversight and making it cost-effective. It also ensures effective compliance with contractual terms and obligations, which are encoded directly in the system, improving efficiency, reducing cost and fraud in cross-border trade
Open Banking API Performance for a Leading European Bank
Low Tech is the New High Tech
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