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Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments.
Thanks to Way4s flexibility, Equity Bank Kenya was the first in the world to enable interoperability between the payment card network and a leading digital wallet ecosystem M-PESA. In 4 months Tsesnabank migrated from BPC’s SmartVista to our Way4 card management platform.
The Association of Banks in Singapore (ABS) has selected MonetaGo to deliver the Trade Finance Registry (TFR), an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud.
The opportunities for blockchain are significant in areas like managing high volumes of trade documents, with distributed ledger technology (DLT) able to promote the validity of documents with significantly less risk of duplication or data tampering. But blockchain goes further, said Tarone.
This long timescale arises from interoperability between the steps and the time delays in to-and-fro transitions. The AP process begins with the receipt of the invoice, passes through various levels of categorization, coding, data matching , and approvals, and ends with the payment of the invoice.
This standard introduces structured, enriched data formats for payment messagesimproving interoperability, fraud detection, and reconciliation. Legal issue/risk Next steps/action required Legal issue/risk: If systems are not ready, merchants may experience failed reconciliations, duplicate entries, or settlement delays.
Error Detection : These audits help in detecting errors such as incorrect postings, duplicate transactions, or unauthorized withdrawals, thereby reducing the risk of financial misstatements. Last but not least, Nanonets facilitates seamless integration with existing systems, including legacy software, CRM, ERP, or RPA platforms.
Health insurance: Through the blockchain, medical records can be cryptographically secured and shared between health providers, increasing interoperability in the health insurance ecosystem. Because there are so many different parties involved in healthcare, it’s difficult to share and coordinate sensitive medical data between them.
As opposed to isolated data collection, automated data extraction and compilation will provide centrally controlled databases of personal health information that could be used among many health care providers, reducing data duplication costs. Predictions are done on mortality rates, readmissions, length of hospital stay, etc.
That is exactly why cross-chain interoperability matters. In simple terms, interoperability allows blockchains to talk to each other. In this article, we explore why cross-chain interoperability is essential, how it enhances blockchain use cases , and what it means for the future of Web3.
Today, users must manage multiple wallets, duplicate KYC processes, and struggle to build reputation across networks. Because Ceramic supports interoperability, the identity data can be referenced by applications on Ethereum, Solana, and beyond. As Web3 expands across dozens of blockchains , one challenge remains consistent: Identity.
Credit Card Security Chip Technology and Tokens : In many parts of the world, credit cards now come with EMV chip technology , which greatly reduces fraud by making it harder to duplicate card information. Tokenization : Tokenized payments, especially through digital wallets, mask card details, adding an extra layer of protection.
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