Enterprise Blockchain Technology

At e-BIT, we understand the complexities of 21st century economics. With the global economy becoming more competitive by the day, financial institutions need access to the most innovative technology in order to stay relevent. Utilizing our private blockchain protocol xChain, firms can integrate powerful cryptographic automation alongside their legacy platforms in order to compete in the modern age.

xChain - Our Private Blockchain Protocol

Block Signing

As an alternative to Proof of Work, Block Signing allows for sanctioned parties to validate blocks in real-time without sacrificing throughput or scalability.

Interoperable

xChain is sidechain compatible enabling clients to streamline interdepartmental operations or interfirm asset management.

Selective Access

xChain is a fully private blockchain protocol with the ability to whitelist participating firms to manage assets in a consortium setting.

Digital Asset Issuance

Issue digital representations of native assets and transact interfirm.

Private Transactions

xChain utilizes cutting edge cryptography to maintain privacy amongst transacting parties while still maintaining the consensus.

Security

Firms can maintain physical security by utilizing custom hardware for private key management.

Frequently Asked Questions

The main deifference between a private blockchain and a public blockchain is the speed at which transactions can be processed per second and overall scalability. xChain can handle thousands of transactions per second, while Ethereum and Bitcoin (public chains) collectively are unable to handle 40/tps. This is due to the methods associated with generating new blocks for these protocols. Most public chains rely on proof-of-work for consensus, which in turn relies on mining. This exposes legacy firms to counter-party risk via bad actors potentially gaining over 50% of the public networks hashing power. If this were to happen, the bad actors can approve or deny transactions as they wish. Finally, public chains cannot handle the data storage that legacy firms will need. Bitcoin for example forces all of its users to download, and broadcast the entire blockchain in order to relay data to all the protocol users. Bitcoin is having a hard enough time managing this problem without the involvement of legacy players.

There is a tremendous amount of unnecessary friction associated with existing legacy systems. It takes three days to process, settle, and clear trades in the securities market. This process requires a large workforce and large fixed capital requirements (much of the fixed capital is in the form of salary expense). It is estimated that banks currently have $60-80 Billion dollars tied up annually in order to provide these services.

xChain solves this problem via cryptographic automation software. xChain’s ability to handle thousands of transactions per second means that firms would be able to process, and clear trades in real time with extremely minimal human oversight. This in turn frees up fixed capital, and allows for more efficient allocation of said capital. All transactions are kept securely in xChain's distributed ledger for later use.

Firms expense rougly 60-80 Billion dollars annually in order to maintain their current systems. That amounts to an additional half of one percent (relative to GDP) in wasteful spending. By utilizing a protocol such as xChain on the back-end of legacy systems, firms will gradually see a reduction in the amount of fixed overhead costs in the middle and back offices, while eliminating any counterparty risk. In turn, more efficient use of capital can be spent towards generating new revenue streams such as lending and trading operations. This will lower costs associated with traditional banking and financial services for end users, which will drive banks deposit growth as competition between firms using blockchain tech lowers fees.

xChain Key Features

Explore the Usecases of xChain

Trade Settlement

  • Real time clearing

  • Cryptographic auditability

  • Regulatory Compliance

  • Intergrate with legacy systems

Asset management

  • Transact digital representations of assets

  • Automate workflow in a consortium or interdepartmental setting

  • Create smart contracts with ease

  • Eliminate transactional friction

    Banking

  • Allow users to manage private keys and truly secure their funds

  • Hedge fiat currency with tokens on xChain

  • Manage both Crypto and Fiat funds

  • Process checks and wire transfers in real time

CONTACT US

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