What Is Clear?
Clear is a blockchain-based platform that deals in clearance and settlements for clients from various sectors. The primary of objective is to assist businesses to transition from the present ineffective and manual methods to efficient and modern processes with real-time updates without making any compromises. Clear will realize these goals by leveraging the capabilities of smart contracts coupled up with innovative and revolutionary technological infrastructure.
Eventually, this platform will create and nurture sustainable economies in collaboration with industry leaders. These will foster evolution as well as inventions, benefiting all stakeholders in the process. Furthermore, the Clear platform will allow traders to capitalize on opportunities resulting from as well as the challenges associated with the paradigm shift towards digital technology.
How Clear Blockchain Clearing & Settlement Platform Works
Clear will utilize the remarkable abilities of blockchain technology to make transactions efficient, dependable and scalable. Currently, businesses rely on manual methods for transactions; despite the significant costs those means add to their budgets. With blockchain, records will be decentralized and encrypted cryptographically, considerably reducing the processing times. Consequently, processes that were hitherto time consuming will be complete within relatively shorter periods.
Additionally, the integration of blockchain technology will substantially bolster the security within the networks. Given the numerous cases of fraud marring the crypto space, coupled up with the sensitive and confidential nature of info exchanged over such platforms, this will certainly boost client’s confidence in the platform. As a result, dispute resolution, a process that is currently complicated and wearisome, will become significantly faster.
Presently, a considerable portion of blockchain platforms do not support scalability, contract privacy and first-rate business logic. This is a worrying trend, given the importance of such aspects to the clearing and settlement industry. Clear platform will correct this glaring shortcoming, increasing the viability of blockchain-based wholesale trading ecosystems.
By creating an innovative platform, Clear is determined to set the precedent for other players in the clearing and settlement sector. Henceforth, it is expected that peers will strive to follow this brilliant example, a move that will benefit the consumer as services offered will be better by a significant margin.