Overview
Secure and transparent payments made possible
DuitDigital is a robust blockchain platform developed by Beans Group, leveraging blockchain technology to digitally track and manage financial transactions securely.
Secure Transaction Tracking: Utilises blockchain’s secure mechanisms to trace and manage digital coins (DDC) securely and transparently.
Real-time Accessibility: Provides real-time accessibility to all participants, enabling end-to-end transparency in tracking transactions.
Product Highlights
Track payments every step of the way
End-to-End Transparency:
Transparently track the journey of DuitDigital Coins (DDC) from origin to en-cashment.
Real-time Accessibility
All participants have real-time access to the blockchain, ensuring visibility at every stage.
Integration with Duitnow
Seamlessly integrates with PayNet’s Duitnow platform for enhanced transaction capabilities. Capable of extending to SWIFT and more.
Enhanced Accountability
Improves transparency and accountability, ensuring precise tracking from origin to final transactions.
Business Benefits
Why DuitDigital?
Controlled Funds Disbursement:
Enables precise control over funds disbursement through DuitDigital Coins (DDC), ensuring release only upon meeting specified criteria.
Integration and Interoperability:
Seamlessly integrate Duit Digital with your current Core Banking System (CBS), other existing systems or even PayNet’s Duitnow, to enhance operational efficiency.
Transparency and Accountability:
Offers enhanced transparency and accountability, fostering trust among stakeholders.
Real-time Information Access:
Provides authorised personnel with real-time access to critical transactional information.
Enhanced Security Measures:
Ensures robust security measures for sensitive information, limiting access to authorised personnel.
Use Cases
Own the Experience
Fund Distribution
DuitDigital digitises allocated funds, ensuring transparent tracking from allocation to disbursement. It enforces predefined criteria before fund release, ensuring accountability and compliance.
Supply Chain Financing
DuitDigital streamlines transactions between suppliers, manufacturers, and distributors. By tokenizing assets on the blockchain, it ensures secure and transparent financing across the supply chain.
Trade Finance
DuitDigital digitises trade-related financial instruments, providing real-time tracking and validation. It reduces paperwork, enhances transparency, and expedites trade finance operations.
Asset Tokenization
DuitDigital converts physical assets into digital tokens on the blockchain. It enables fractional ownership, facilitating efficient trading and transfer while ensuring security and transparency.