BankChain Projects

Primechain-KYC

1. Know Your Customer

Primechain-KYC is a permissioned shared blockchain for shared KYC, AML and CFT. Key features include:

  • opportunities to monetize KYC records,
  • sharing of investigation reports, suspicious transaction reports, cross border wire transfer reports
  • AML, CFT checks against credible publicly available databases.

All BankChain members are eligible for:

  • a dedicated cloud-hosted blockchain node of Primechain-KYC

  • source code of a sample NodeJS, MongoDB blockchain application for encrypting a file (using AES symmetric encryption), uploading it to the blockchain and digitally signing the file.

  • source code of a sample php application for sharing of investigation reports, suspicious transaction reports, cross border wire transfer reports and AML, CFT checks against credible publicly available databases.
Primechain-P5

2. Cross Border Remittance

Primechain-p5 is a permissioned shared blockchain for near real-time cross border remittance at near zero cost. Key features include:

  • automated reconciliation,
  • regulator nodes,
  • detailed transaction meta-data.

All BankChain members are eligible for:

  • a dedicated cloud-hosted blockchain node of Primechain-P5

Primechain-CHARGE

3. Asset / Charge Registry

Primechain-CHARGE is a blockchain powered register that records all charges (hypothecation, lien, mortgage, pledge etc.) on assets (movable, immovable and intangible).

All BankChain members are eligible for:

  • a dedicated cloud-hosted blockchain node of Primechain-CHARGE

  • source code of the Primechain-CHARGE blockchain application.

Primechain-WALLET

4. Peer-to-peer payments

Primechain-WALLET is a permissioned blockchain for real-time peer-to-peer transfer systems with automated reconciliation.

All BankChain members are eligible for:

  • a dedicated cloud-hosted blockchain node of Primechain-WALLET

  • source code of a sample php, mysql blockchain application for smart asset lifecycle management with automated real-time - smart asset creation, issue, re-issue, exchange, transfer, audit, & retirement.

Primechain-CONTRACT

5. Data authentication & storage

Primechain-CONTRACT is a permissioned, private, blockchain-powered solution for contract management - secure storage, authentication & verification.

All BankChain members are eligible for:

  • source code of the Primechain-CONTRACT web application.
Primechain-LOAN

6. Syndication of loans

Primechain-LOAN is a permissioned blockchain for managing the entire loan syndication process. It handles process-flow for various entities including:

  • Borrowers
  • Lead or Managing Banks
  • Correspondent Banks
  • Participating Banks
  • Guarantee Agents
  • Syndicate Members

All BankChain members are eligible for:

  • source code of the Primechain-LOAN web application.
Primechain-VENDOR

7. Know Your Vendor

Primechain-VENDOR is a permissioned blockchain for Vendor on-boarding, NDA processing and vendor rating.

All BankChain members are eligible for:

  • a dedicated cloud-hosted blockchain node of Primechain-VENDOR

  • source code of the Primechain-VENDOR blockchain application.

Primechain-KYE

8. Know Your Employee

Primechain-KYE is a permissioned blockchain for transforming the employee background verification process and monetising employee records.

Primechain-SECURITIES

9. Financial Instrument Lifecycle Management

Primechain-SECURITIES is a permissioned blockchain for quick tokenisation of assets and smart asset lifecycle management.

Primechain-TRADE

10. Trade finance

Primechain-TRADE is a permissioned blockchain for supply chain transparency and trade finance.