NEW YORK, June 29, 2018 /PRNewswire/ - Today, the company announced its Blockchain solution offering Granularchain.com. The Digital ID KEY by SmartCard Marketing Systems Inc. delivers a powerful, digital ecosystem for Financial Institutions, ICO's and Payment processors to maintain compliance and allow customers and merchants the ability to be transparent, all the while, reducing the risk of fraud. The solution offers both merchants and customers the ability to select participating Financial institutions as well to transact with them. In addition, the solution can be offered as a closed loop ecosystem for ICO's, MSB's, Rewards, Gaming & Entertainment Industries.
Granularchain.com by SmartCard Marketing Systems Inc. (OTC:SMKG) is a methodical new approach to KYC and Privacy rules including the Cryptocurrency market with embedded Blockchain technology. It is essential for Financial Institutions and Global Enterprises to anticipate the digitalization of Money or Cash, Points, Rewards, Checks, Invoicing and other types of compensation schemes that will emerge. A DIGITAL ID KEY for all! We simplify the process by using ISO 8583 standards and integration via API's to offer seamless transactions in real-time.
How it works?
Once signed up, all participants are issued unique credentials and can exchange information and enter into a transaction while vaulting the tokenized transactional data. Granularchain.com has positioned itself technology-wise as a 3rd party custodian to the encapsulated transaction- all parties keep the stored value.
All participants in Granularchain.com can use the key generator engine to issues unique keys for documents or initiate transactions with any 2nd or 3rd party. All keys and transactions including the participating vendors or merchants are vaulted securely.
CEO Massimo Barone stated "We are excited by our entry into the Blockchain marketplace with a great unique product offering. The acceptance by the Financial Industry and Governments in most Countries has further accelerated the Cryptocurrency marketplace, creating a new alternative to Credit Cards, Cash, Checks & Points as forms of payments and redemption. We are positioning the company to be an Exchange network for all parties to securely transact with Digital ID Key's and vaulting the transactions generated to maintain compliance and reduce fraud."
Key Industry Transforming Trends;
- Fiat Money is a currency that a government has declared to be of legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material from which the money is made.
- A Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
- A Blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as 'completed' blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.
About SmartCard Marketing Systems Inc.
SmartCard Marketing, Inc. (OTC:SMKG) is a Fintech solutions provider to the global payments industry delivering a cloud-based EMV Host platform to Issuing & Acquiring banks, telecoms & global enterprises. The company offers proprietary industry applications for payment acceptance. The company's brands include; Genorocity.com, a coupon & incentive management platform with QR Code payments acceptance, Check21SAAS.com- a Remote Check Deposit solution, Mtickets.events- a mobile ticketing & events management solution, Emphasispay.com- an alternative payment transaction gateway & Articul8te.com- its most recent offering for Task & Content management. For more information, go to www.smartcardmarketingsystems.com
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SOURCE SmartCard Marketing Systems Inc (SMKG)