Use Cases

Banks today are already using blockchain technology for things like payment, clearing and settlement, trade finance, identity, and syndicated loans, according to The Financial Times.

Checking & Savings Accounts An account at a financial institution that allows for withdrawals and deposits. Great for paying bills and keeping track of spending. A deposit account held at a bank or other financial institution that safeguards funds and provides a modest interest rate. Great for building emergency savings or saving for short or medium-term goals. An account known as a wallet, issued on the DAO private chain ensures the trackability of user accounts. The account balance could be in a stable currency or might be converted and held in real value like tokenized gold.

Money Transfers A way to move money from one person to another. Often used to send money internationally. DAO private blockchain through its nature is the perfect instrument for moving money with an additional security layer.

Fundraising In the crypto world, initial coin offerings (ICOs) are breaking down the barrier between access to capital and traditional services like capital-raising firms. Likewise, banks can use DAOs to raise capital from a wider pool of investors via ICOs.

Loans and Credit Using decentralized technology in banking can eliminate the need for gatekeepers in the lending industry. DAOs provide more secure ways for people to borrow money, not to mention lower interest rates and better terms.

Trade Finance DAOs could also streamline trade finance by digitizing paper-based processes and automating manual tasks. This would make it easier for banks to keep track of their transactions, thereby reducing the risk of fraud and establishing trust among global trade parties.

Securities A DAO can help banks issue, manage and trade securities, both digital and traditional. Through tokenization of traditional securities such as bonds, stocks, and other assets and placing them on blockchains, banks can facilitate the creation of capital markets that are interoperable, efficient, and accessible to the greater public.

Customer KYC, Anonymity, and Fraud Prevention Since DAOs are transparent and decentralized, they offer a way for banks to verify the identity of their customers while preventing fraud. Using smart contracts, banks can automate customer onboarding and KYC processes. Blockchain technology also offers financial institutions an efficient and secure platform for sharing information with other firms.

Summary

• DFINET Chain for private, anonymous, blazing-fast, low-cost transactions with own chain explorer for the real-time confirmation of transaction.

• Payment/Holding in EUR/USD/GBP, accounts for sending virtually and internally FIAT in system between users, as well externally by using FIAT bridge accounts (SWIFT/IBAN).

• Trust yourself – only hold your assets in your private wallet aka MetaMask, Ledger, Trustwallet, etc. Use your assets for the transfers, payments on the platform.

• The pooled community investments covered by Bank capital and a guaranteed safety of your investment.

• Governance through DAO Governance Tokens and direct participation in the profits of the Bank.

• Funding, Trading, Loans, Real Estates, Precious Metals & Gems, P2P, DEX, and much more backed by own Bank through Liquidity Pool Tokens. It is your safety in the financial world with the profits up to 30% p.a.

• Monitoring of the money flow. Transparency in your hand offered by Bank through its private blockchain DAONET and chain explorer.

• All that, - with an absolute privacy and if wished – the anonymity paired with the safety offered by a bank.

• Debit Card - Service (not anonymous) in EUR/USD/GBP.

• Secure wealth management (not anonymous).