Primechain Technologies Pvt. Ltd.
Primechain Technologies Pvt. Ltd. is a young Indian startup founded with the mission of building blockchains for a better world.
We manage the BankChain community of banks for exploring, building and implementing blockchain solutions. Our flagship product is Primechain-CONTRACT, a private permissioned blockchain-powered solution for contract management. We conduct the annual Future Money Conference and maintain several open source projects.
1. What is blockchain technology?
Blockchain technology derives its strength from strong cryptography. Blockchains are provably immutable and enable the rapid transfer and exchange of crypto-tokens (which can represent assets) without the need for separate clearing, settlement and reconciliation.
The strongest use cases for permissioned blockchains are:
- asset ownership lifecycle (issuance, payment, exchange, escrow, retirement) and
- general immutable data storage coupled with digital signatures.
Blockchain technology has earned the trust and respect of banks and Governments around the world.
2. Why blockchain?
- Real Time Settlement and Reduction in Transaction Cost
- Reduction in Infrastructure Cost
- Minimize fraud
- Maximize efficiency, security & transparency
- Accelerate information and money flows
- Greatly improve auditability
- Streamline paperwork
- Showcase your organization as a global innovator
- Be at the forefront of FinTech and emerging tech
3. Blockchains for a better world
We believe that by 2020, blockchain technology will enable massive social upliftment and economic prosperity, the likes of which the world has never seen before.
Blockchains will minimise fraud and maximise efficiency, security & transparency in supply chains, healthcare, global money systems, financial technologies, democratic elections, auction of public assets, energy trading, electronic record authentication, delivery of Government services, IoT and much much more....and Primechain Technologies will lead this global economic and social revolution.
We manage BankChain, a community of banks for exploring, building and implementing blockchain solutions. Membership to BankChain is open to banks, NBFCs, payment banks and other financial institutions. Active projects include Shared KYC / AML / CFT, Syndication of loans, Trade finance, Asset registry, Secure documents, Cross border payments, Peer-to-peer payments, Blockchain Security Controls and Blockchain Libraries. For details, visit: the official BankChain website.
Primechain-CONTRACT is a blockchain-powered solution for contract lifecycle management - secure storage, digital signatures, tracking, searching, and reporting. It is available in 2 variants - cloud hosted and on-premise. In both options you have 100% control over all your data. Source code access is available in both options. Click here for details.
6. Future Money Conference
We conduct the annual Future Money Conference.The first edition was conducted on 23 May, 2016 at Hotel St. Regis, Mumbai and sponsored by IBM and Contact Singapore.
We also conduct the BlockZero blockchain conferences. The second edition of BlockZero was held on 15-December, 2016 at Hotel St. Regis, Mumbai. The platinum sponsors were Bitkan and KPMG. The silver sponsor was Fintech Valley Vizag, Government of Andhra Pradesh. Genesis Mining was the Exhibitor and the event was supported by Asian School of Cyber Laws and Brave New Coin. Delegates from more than 70 Banking, Financial Services, Insurance and Technology companies attended the conference.