NeuroChain Tech and FIMAT Fintech launch Strategic Partnership

BW Online Bureau Apr 12, 2018

NeuroChain Tech and FIMAT have officially teamed up to realize a major milestone for the finance industry: integrating an augmented blockchain ecosystem into a platform to secure and increase the transparency of financial transactions.

FIMAT and NeuroChain Tech – the next-generation blockchain – will work together to build this platform. Such a partnership between the tech and the finance industry could result in accelerating innovation while saving considerable amounts of time, energy and costs.

One major issue for the financial industry is indeed the lack of efficiency. It comes as the result of data duplication during transactions, which then creates the need for reconciliation processes. Resolving these inefficiencies is a mission taken on by FIMAT, a Fintech startup specialized in blockchain financing.

So far, blockchain technology has been perceived as a crucial tool for the finance industry to increase the traceability and transparency of financial transactions, through a transparent and non-alterable public record. Until now, the finance industry has embraced private blockchain – which is a step in the right direction, but still fails to deliver the full potential of blockchain technology.

On the other side, current public blockchains such as Bitcoin’s or Ethereum have begun to disrupt finance. However, they are not suitable for all business applications.

NeuroChain Tech may be that game-changer for the finance industry: AI-powered bots render the technology much faster, more agile and less energy-consuming. Intelligent bots and machine learning algorithms combined with a blockchain structure enable the system to learn by itself and update automatically. That design will dramatically increase the efficiency and speed of financial transactions.

Having all financial transactions recorded on a public ledger is also critical for the transparency, traceability and efficiency of financial operations. As NeuroChain Tech CEO Fre´de´ric Goujon puts it: “NeuroChain will be public. It is designed to be a public blockchain.”

This new generation blockchain can fundamentally change the way finance works. So far, NeuroChain Tech is the only blockchain designed to be totally secure and transparent. AI-powered bots build the highly adaptable, dynamic structure the world needs right now.