Blockchain Portfolio | Scopic https://scopicsoftware.com/technology/blockchain/ New Website Wed, 28 Feb 2024 01:30:05 +0000 en-US hourly 1 https://scopicsoftware.com/wp-content/uploads/2020/03/cropped-Scopic-Icon-32x32.png Blockchain Portfolio | Scopic https://scopicsoftware.com/technology/blockchain/ 32 32 OmniCoin https://scopicsoftware.com/portfolio/desktop/omnicoin/ Thu, 23 Apr 2020 10:07:42 +0000 https://scopicsoftware.com/?post_type=project&p=24341 The Cryptocurrency Marketplace Built to Eliminate the Middleman

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OmniCoin

Powering your crypto with a decentralized marketplace

The Challenge 

Having a crypto marketplace requires the implementation of several important features:

1) A highly responsive website that caters to the buying and selling needs of crypto owners. This may include selling, trading, and viewing updated rates of the cryptocurrency being used.

2) An interactive and easy-to-use interface that reflects the dynamic nature of the Bitcoin industry.

3) Advanced security measures to meet the strong security standard benchmark of the crypto market. Cryptocurrency is considered to be a huge financial asset in the online world and it is therefore, vital to gain and uphold your users’ trust.

The Vision

The founders of the OmniBazaar marketplace envisioned a dynamic website where people could barter a product or service without a bank account or credit card and immediately receive OmniCoins, Bitcoins or Ether.

They wanted a huge decentralized crypto marketplace that would be able to serve over two billion people with a registered user base of 10,000 crypto owners. They were on a mission to empower users to buy, trade, and sell their cryptocurrencies on this soon to be made website. This would allow online buyers to benefit from lower prices and escape the headache of “big data” tracking and “push” marketing. They also hoped for extremely high levels of security standards to be put in place to ensure no fraudulent activities would occur in their online marketplace.

trading software development company | Scopic

The Solution

With Scopic’s expert team of C++ programmers and software developers on board, we listened to the Omnicoin vision and began developing a patented “peer-to-peer-to-peer” solution for Windows, Mac, and Linux. We pride ourselves in building the ultimate crypto eCommerce marketplace to rival eBay and Amazon. 

By blending existing technology like C++, Java, NodeJS and the revolutionary blockchain, not only did we change the codebase from Bitshares 0.9.3(c) to Bitshares 2.0, but we also designed, developed and integrated a new user interface with Javascript. Our teams continue to work together to further optimize and implement additional features and adapt to the ever-evolving crypto marketplace.

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SCoin https://scopicsoftware.com/portfolio/web/scoin/ https://scopicsoftware.com/portfolio/web/scoin/#respond Sat, 13 Dec 2014 16:02:04 +0000 https://scopicsoftware.com/?post_type=project&p=29909 Web application, built on the Ethereum Blockchain as a payment token.

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SCoin

The app that delivers fast and secure financial services

Transparency. Quick Payment. Security.

The Online Payment Challenge Summarized

There has been a rise in the adoption of digital payments during the last couple of decades. The traditional method includes sales done through credit and debit cards.

However, this system still poses potential fraud and security threats. The preferred approach to secure sensitive data is encryption with reversible cryptographic algorithms. This puts the control into the hands of a third-party provider instead of the hands of the businesses and customers.

In addition, this middleman takes a long time to process cross-border transactions and usually through a very high fee.

The Vision Behind the App

Scopic believes that by combining our expertise with the right mix of custom development and marketing, we can help companies revolutionize market trends. We saw an opportunity in cryptocurrency payments dealing with the assets of merchants and consumers. Promoting companies to onboard this innovation would also be possible if Scopic provided them with a concrete solution.
So, our teams worked on delivering a transparent method that would increase security and transaction speed

The Scopic Solution

SCoin is a web application, built on the Ethereum Blockchain as a payment token. The utility application lets users send, receive, and exchange SCoins, then use them by purchasing various goods and benefits.

Our team developed the project from scratch with the latest technologies and designed the app to be a form of internal incentives or peer-to-peer payments within organizations. This enables any payment disputes to be handled by the company itself through a user-friendly dashboard that reflects wallet and transaction history.

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Commercial Passport https://scopicsoftware.com/portfolio/web/commercial-passport/ https://scopicsoftware.com/portfolio/web/commercial-passport/#respond Sun, 14 Dec 2014 12:26:14 +0000 https://scopicsoftware.com/?post_type=project&p=29593 Concrete advantages that will enhance the process of generating passports.

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Commercial Passport

The world’s first digital global KYC software

Standardized, Secure and Fully Digital.

The KYC Challenge Summarized

The Know Your Customer challenges encountered by treasurers in banks or by corporate clients have ramped up considerably. The manual activity of handling each and every KYC request over and over again on a paper based system adds no value to the process.

It is time-consuming and inefficient for both companies and clients as it often leads to verification delays or double-checking efforts, thus also producing more costs and dissatisfaction.

Especially in companies with low credit rating, bureaucratic regulations can also be a burden as they may fall under the ‘subjective’ perception of specific banks without unified standards. Consequently, sensitive information is put at a high risk.

The Vision Behind the App

Commercial Passport, a company based in Canada, aimed at bringing a solution to the KYC problem. The company envisioned concrete advantages that would enhance the process of generating passports. They hoped to impact:

  • Efficiency
  • Security
  • High Functionality
  • Full-ownership information

Commercial Passport knew that the power of the digital world should be exploited to their advantage. So they contacted Scopic in order to professionally materialize the automatization of KYC from the ground up.

The Scopic Solution

Scopic professionally developed a trusted repository for digital KYC in cooperation with Commercial Passport. The team carefully crafted the software architecture, and outlined a concept that would revolutionize the way personal documentation was shared, certified, and stored in financial institutions around the globe.

The platform provided fully digital and analytical solutions to streamline business processes. The Universal KYC Solution reviewed, fully documented and analyzed KYC data for legal entities and complex structures in an inherently efficient reusable digital master record format.

Scopic focused on ensuring the KYC was as user-friendly and effortless as possible, through a fw steps that included: 

1. Easy specification of beneficial ownership and control for the legal structure, choosing from clearly defined legal entities – ensured by a sophisticated rules engine

2. Smooth and easy process of document verification

3. Electronic exchange of passwords, making the KYC experience both efficient, paperless, and healthier for the planet!

One of the most innovative aspects of this custom financial software developed by Scopic, was the use of blockchain technology to maintain secure and verifiable records of document transaction histories. This – in addition to 2-factor authentication, data encryption, and document lifecycle history – would ensure that Commercial Passport offered the highest level of security available.

Skills Involved:

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