Reduction of prison violence
Prison violence is on the rise
due to inmates stealing things of value.
Our solution based on Blockchain is capable of complete removal of some types of fraud, such as unfair cancel of transactions and payments through stolen cards. The effect of other threats will also be reduced.
Improvement of existing system application efficiency
Last year nearly 40% of processed transactions were the attempts of fraudulence*.
Removing the possibility of using the data of stolen credit cards we can reduce the load on the networks and systems in general.
Improvement of data security
Rather large part of attacks is focused on the financial institutions. Their centralized infrastructure together with the human factor is the standard source of personal data leak.
Keys for transactions signing are stored nowhere. There are no points of personal data concentration, which are interesting to attack.
Reduction of operating costs on anti-fraud campaign
A standard online store spends about 5% of the gain or more than 25% of the operating costs for the struggle against fraudulence.
The exclusion of possibility for some types of fraud will reduce the total costs for anti-fraud campaign.
Confidence problem elimination
Blockchain technology does not support the acceptance-free transactions. That is why funds transfer to the unknown person can cause some worry and fear.
Deals processing at the level of smart contracts allows performing funds transfer back if the contractor fails to fulfil the obligations in time.
Reduction of capital costs on Blockchain technology implementation
Independent development and implementation of Blockchain solutions is a very demanding process.
Implementation of Blockchain and standard smart contracts is possible in the format of external service via API.
Possibility of product price reduction
Anti-fraud campaign takes a lot of time and resources
Minimization of losses from fraudulence provides the possibility for goods or services price reduction
Crypto-currency is a developing field. Now it is used by very small communities.
Connectius will unite the online stores, electronic platforms of different types and other online services. The Solution itself will be the supplier of the universal token.