Distributed Ledger Technology is one of the greatest catalysts for efficiency and compliance in recent years. With our state-of-the-art DLT consulting and platform, your organization can streamline efficiency, compliance efforts, reduce regulatory risk, and focus on what matters most- driving innovation and growth.
VenusGeo offers Consulting services, to provide a strategic direction given the multitude of choices that are available in both public and private Blockchain networks, after careful analysis of enterprise needs.
VenusGeo provides guidance, expertise, and support to individuals and organizations looking to understand, adopt, and implement blockchain technology. We also assist clients in navigating the complexities of blockchain technology to leverage its benefits for their specific use cases. As part of consulting, our engagement model includes:
Readiness Assessment: Evaluate the client’s business processes to determine the feasibility and benefits of integrating blockchain solutions.
Use Case Identification: Identify specific business use cases where blockchain can add value.
Risk Assessment: Identify and mitigate potential risks associated with the blockchain project.
Technology Selection: Assist in choosing the appropriate blockchain platform between various choices based on the client’s requirements.
Consensus Mechanism: Help in selecting the right consensus mechanism for the desired level of decentralization and security.
Network Setup: Assist in setting up private, public, or consortium blockchain networks.
Build: Design and develop smart contracts that automate and enforce business rules within the blockchain.
Legacy System Integration: Help integrate blockchain solutions with existing business processes and IT infrastructure.
API Development: Build APIs for seamless interaction between blockchain applications and other systems.
Security Audits: Conduct security assessments to identify vulnerabilities and ensure the robustness of the blockchain implementation.
Compliance: Provide regulatory compliance as part of overall design.
Workshops and Training Programs: Conduct training sessions to educate stakeholders on blockchain technology and its implications.
Documentation: Provide comprehensive documentation to facilitate understanding and future maintenance.
Maintenance and Upgrades: Offer ongoing support for blockchain applications, including updates and maintenance.
Monitoring and Analytics: Implement tools for monitoring blockchain performance and analysing user behaviour.
DLT enables the tokenization of various types of assets, including securities like bonds, tangible assets such as real estate and for carbon accounting. Our platform is built on a permissioned network. It allows customers to deploy scalable networks on cloud or regions of their choice. Enterprises can then deploy our platform on the network, defining asset types, dependencies, CRUD permissions and so on.
Individual Network: A private blockchain network with various Loan Agents, Lenders, and other participant roles that may be onboarded is constructed on the Hyperledger Fabric.
Encrypted Data: Encryption at the object and field levels allows members of the same product network to share data within the parties involved in the transaction.
Security & Privacy of Data: It is up to the participants to determine what data should and shouldn’t be kept on the ledger. Distinct fabric channels that isolate data from other product networks for every product network
Simple Configurable Integration: Smart contracts can be created using no-code workflows for important procedures like loan repayment, conditional pay out, KYC checks, etc.
Bring off-chain data into your system: Oracles can be used to obtain external data, such as KYC data, while smart contracts are being executed.
Workflow Builders: Configurable No-code workflows to create smart contracts for critical processes – like loan repayment, approvals, conditional disbursement, KYC checks and KYT (Know Your Transaction).
With regulators in countries in the US, Middle East and Asia taking more favourable positions towards DLT, be it the Bitcoin ETFs or frameworks like VARA, the regulators’ position is seen to be moving slowly from restriction to regulation. With the same being seen as a positive change a number of Virtual Asset Service Providers (VASPs) have come forward in registering themselves and providing their services such as Exchanges and so on, creating the need for tracking and reporting the VASPs’ along with their underlying customers’ financial activity. It can cover a range of functions right from KYC that is compliant to recent Travel Rule. To Sanctioned and Fraud lists screening as part of AML/ CDD/ EDD checks followed by rule based and/ or non-rule-based transaction monitoring.
VenusGeo provides a full suite of offerings to regulators that cover end to end regulatory surveillance with help of real time dashboards, analytics and audits. We offer necessary domain knowledge that is of paramount importance, at both local and global scale.
VenusGeo has vast experience deploying a comprehensive CBDC platform for one of the world’s biggest democracies. Working with Central Banks, our team of professionals in CBDC can conduct research, design, develop, implement, and oversee interoperable CBDC systems at a large scale.
Developing the CBDC concept;
– Assessing and formalizing the technical architecture;
– Developing DLT and smart contracts;
– Integrating with current payment and central bank systems.
Adherence to security and regulatory specifications
Pilot program implementation and scaling up
Compatibility with national Blockchain solutions or other CBDCs
