Use Case: Payments

Payments is ready for major transformation

Payments between companies represent nearly 40% of the global economy—but they mostly rely on outdated manual processes.

Without an authoritative view of data and transactions, transfers are prone to delays and errors while multinational entities navigate a complex web of payments systems.

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Get a shared, virtual system of record

Digital Asset solves these problems by creating a single source of truth for capturing and standardizing data across business entities.

With automated workflows, users eliminate manual processes and facilitate a seamless transfer of assets and flow of information across the value chain.

The Daml application development platform enables you to:
  • Reduce costs while eliminating errors and failures by leveraging smart contracts to automate complex payment rules.
  • Improve speed and accuracy of decision making with real-time, transparent data and a virtual, shared system of record.
  • Leverage accurate records and fail-safe workflows with an immutable audit trail.
  • Easily extend solutions to enable additional functionality such as simultaneous and committed settlement.
Featured customer story

 

Change Healthcare

Change Healthcare is reengineering healthcare with a Daml enabled Payments Blockchain that eliminates multiple layers of reconciliation and errors to reduce processing costs and expedite payments.

 

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