In the bustling global telecom industry, the settlement process often becomes a bottleneck. It's slow, expensive, and prone to errors. Billions of dollars evaporate due to fraud, late payments, incorrect invoicing, and other settlement-related issues, impacting telecom carriers across the board.
Enter CodeB's innovative solution - a fast, precise, and cost-effective blockchain-based system that revolutionizes the settlement process. Our solution not only accelerates settlement times but also slashes costs, enhances cash flow, and liberates capital. It's about helping businesses shift their focus back to growth.
Blockchain technology is making waves in the financial sector, from banking to insurance and trade finance. It allows partners to collaborate on a shared, secure ledger of transactions. In the ICT sector, blockchain doesn't just boost the efficiency, quality, and speed of settlement processes, it also fortifies the industry ecosystem and partner relationships.
Our settlement tokens, powered by smart contracts, facilitate secure, instant, and transparent transfers. With blockchain, say goodbye to dead money, frozen transfers, or waiting for payments to clear. Welcome to the future of automated settlement workflows.
Our blockchain solution is a fortress against fraud and malicious activity, thanks to immutable ledgers, end-to-end client certification, full AML/KYC, and instant settlement APIs. Smart contracts enable efficient settlement solutions that align with current and future business needs.
ICT service providers can now process settlements fully automatically 24/7, settling within seconds instead of days or weeks. This liberates capital to fuel business growth.
Features of Settlement Token
Native settlement functions
Our system is based on ERC standards.
CodeB offers a broad range of APIs and reference wallets.
All settlement APIs are supported by ERC compatible Identity Contracts.
All transactions are instant and final.
Many inbuilt native settlement functions such as transfer, direct debit, split payments, voucher system, and atomic swaps between different tokens.
Users are not bound to specific tokens. Every participant can create tokens for their specific business requirements.
Token technology used in different projects such as VallettaCoin®.