Business is transforming and ageing enterprise networks are inadequate and unprepared for the fast evolving ‘digital’ world. Existing systems, based on traditional technology, are unable to keep pace with the growing volume of data and complexity of modern business transactions. Despite spending millions of dollars on maintaining and enhancing ageing solutions, institutions worldwide continue to face an uphill battle in addressing the needs of the fast evolving digital world.
Meanwhile, the blockchain, a cryptographic ledger comprising of a digital log of transactions shared across a public or private network, can address many of the pitfalls of existing legacy systems. Blockchain technology allows institutions to develop secure, peer-to-peer, trust-based digital business networks and is swiftly setting up multiple industries for significant disruption – or crucial transformation, depending which side of the table you look at it from.
Blockchain Worx traces its origins to a central bank and regulator asking the team to explore distributed ledger technology and help design a solution for AML – Transaction monitoring.
Click here to read more about our flagship platforms; powered by Blockchain Technology as well as play around with a couple of real blockchain based solution demos.
Blockchain Worx is a FinTech-RegTech venture headquartered in Singapore. It is focused on helping institutions harness the potential of Blockchain technology for competitive advantage. Its solutions - including an Anti-Money Laundering Transaction Monitoring system, a Securities Tokenization platform and an Enterprise Blockchain Innovation Centre - are targeted to help organizations leverage Distributed Ledger Technology for building next-gen business, finance and regulatory networks.
The core team at Blockchain Worx has a cumulative experience of over seven decades across technology, management & business and has worked with various enterprise and start-up/greenfield initiatives across the US, EU, Asia & Africa. Building on top of this vast expertise, the team offers a contemporary mix of thought leadership, Blockchain expertise and global business acumen, which forms a cornerstone of the value proposition to its clients. The company works closely with an advisory board and a set of strategic partners spread across the globe.