BLOCKCHAIN // BOHITESH MISRA
XIPHIAS HOLDS THE PROMISE OF TRANSACTIONAL TRANSPARENCY! For businesses, Blockchain holds the promise of transactional transparency – the ability to create secure, real-time communication networks with partners around the globe to support everything from supply chains to payment networks to real estate deals and healthcare data sharing.
an identical copy is stored on many computers. Based on a distributed, peer-to-peer (P2P) topology, blockchain or distributed ledger technology (DLT) allows data to be stored globally on thousands of servers – while letting anyone on the network see everyone else’s entries in real-time. That makes it difficult for one user to gain control of, or game, the network. For businesses, however, blockchain holds the promise of transactional transparency – the ability to create secure, real-time communication networks with partners around the globe to support everything from supply chains to payment networks to real estate deals and healthcare data sharing. XIPHIAS Software Technologies Pvt. Ltd. is a leading Touch Screen Kiosk manufacturing company in India that provides a turnkey solution to its users, including hardware and software as an embedded solution. The company works on AMBIC Model, which stands for Artificial Intelligence, Mobility, Blockchain technology, IoT and Cloud based solutions in the form of Infrastructure as a Service (Iaas), Platform as a Service (PaaS) and Software as a Service (SaaS). XIPHIAS is also a Fintech leader that simplifies the transaction and end-to-end customer journey through ‘one-click’ processing for transactions in digital channels. Xpay.Life - Blockchain based Utility Bill Payment services The signature product of XIPHIAS is Utility Bill Payment through Touch Screen Kiosk, Web and Mobile App for iOS and Android and POS device using cash and online payment channels through Xpay.life. Figure 1: Mobile POS for utility bill payment in rural areas Keeping up with technology in the industry, recently XIPHIAS has launchedBlockchain secure Payment Gateway, which ensures that comes with an enhanced security and faster settlement processes which further improves traceability and transparency in the payment.
BOHITESH MISRA,
BY SANJAY@ACCENTINFOMEDIA.COM
Co-founder and COO & CTO, Xpay.life
“Contrary to the most popular use case blockchain technologies don’t only secure financial transactions, – in fact, they
can be used to track and verify any kind of digital asset, as well as code or smart contracts such as medical records, and in our case examination records.”
Blockchains are the most important technological innovation since the internet or a solution looking for a problem, wherein the decentralized ledger consists of linked batches of transactions known as blocks and 30 ENTERPRISE IT WORLD JULY 2019
Figure 2: Blocakchain enabled Utility Bill payment gateway Xpay.life Needless to say, ubiquitous smartphone use has changed the way consumers engage with brands. Consumers are empowered to take their own journey through each shopping experience and transaction, all the way up to POS. Now, consumers have encountered self-checkout Kiosk in retail sector.To be in trend and serve the customers’ needs in a better way, XIPHIAS manufactures IOT based Self-Check-Out Kiosk and people are using it widely. These are huge numbers, and multiplied across the globe, it’s massive. XIPHIAS has installed many Self Check
out Kiosks at Praxi Retail. Self-Check-Out Kiosk has become much popular due to its safe transactions. Digitisation of payments presents a large opportunity in the Indiancontext. As per Google – BCG Report, it is estimated that the total payments conducted via digitalpayment instruments will be in the range of USD 500 billion by 2020,which is approximately 10X of current levels. Person to merchant(P2M) transactions driven by digital payments at physical point ofsale, followed by business to business (B2B) and peer to peer (P2P)transactions are expected to be major contributors of growth.