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BlockChain - Instant Payment

Oltre l’euforia della blockchainLa decentralizzazione è pronta per l’adozione di massa ?

Valerio VillaniBusiness AnalystEnterprise S.p.A.

Copyright © Enterprise Spa 2004 – 2016 | www.ent4bank.it Confidential : Prepared for ENTERPRISE

Copyright © Enterprise Spa 1995 – 2019 Enterprise SpA Reserved | www.ent4bank.it



Decentralized P2P• Distributed Ledger• Protocol Agreement• Autorization (Reading, Writing, Mantaining)

Wich Type• Permissionles - Publicness

• Permissioned - DLT

• Private/Permissioned

The Instant Payments Requirements• Security conditions: Confidentiality, Integrity, Availability, Monitoring, Auditability

• User experience: extremely simple, equivalent to cash/card payment

• Certainty: information exchanged at top security certification level

• Authenticity: validation against sophisticated algorithms

• Non-repudiation: the payment provides no repudiation

• Accessibility: the system allows maximum mobility and accessibility

• Privacy: information is accessible only to authorised parties

• Convenience: the solution allows to reduce transfers charges

Check requirements for

countries that want to

develop a domestic

scheme for Instant

Transfer: Middle East

Market Demand• Cash & Cards Substitute

• Reduction of VISA, Mastercard and Amexco Fees



3

BenefitPayM-Akiba

ARPS – Arab payment Systems Integration Project

FinTech are able to innovate and introduce new business models and

services in competition with the banks

New Business Model based on:

§ National Digital Currency

§ Open API§ Standard Solution§ Centralized Remittance§ Advance Secure system

New generation 174 Central banks

using RTGS

CFI Key Supply Role:§ Regulatory authority-

trasparency

§ Easy and quick processing of payments to and from the government

§ Promote a cashlesseconomy

Commercial Banks and Central Financial Institutions remain Responsible for the Regulatory

Modernization of the national financial

infrastructure driven by Price Drop Oil

Main trends for instant payment solutions in the

Middle East


Reliable services for Corporate



Benefits & Use Case

Scenarios: B2B e B2P

• Card plafond surpassing• Greater perceived safety (not communicating Card

Number or CVV / CVC)• Make and receive payments 24/7/365 with immediate

transfer of funds • Provide for emergency payments at any time • Optimise cash usage with increased flexibility and

convenience • Ease of use• Security

Consumer’s Benefits

• Immediate certainty of the payment outcome• Improve cash flow and process of payment reconciliation • Improve e-commerce, with goods/services released

against concurrent payment, thus decreasing the financial risk

• Fees reduction at physical point-of-sale • Fraud risk mitigation (No refund as for cards)• Cash and cheques reduction

Scenarios: P2P e P2B• Payment of invoices for immediate reactivation

of utilities / detachment avoiding• Buying online from individuals/e-merchants• Immediate person-2-person mobile payments• Payment for immediate insurance coverage• Deposit payment for hotels, car rental, etc.• Payment upon receipt of the good / service

(Pay on delivery)

Use Case

• Simultaneous payment upon delivery of goods• Unblocking goods in ports / customs• Payment of occasional services• Payment of salaries and pensions• Urgent and high-value transfers• Urgent corrections of payment errors• Refunds for defective goods

Use CaseCorporate’s Benefits

Copyright © Enterprise Spa 2004 – 2016 | www.ent4bank.it Confidential : Prepared for ENTERPRISE

Copyright © Enterprise Spa 1995 – 2019 Enterprise SpA Reserved | www.ent4bank.it


BDL Proposal - Blockchain Instant Payments Workflow

1

42

Debtor Bank Node

Creditor Bank Node The nodes involved in the transaction synchronize to

achieve the Distributed Transactions Ledger

1Optional flow: Payment Information are exchangedbetween debtor and creditor nodes (goods descriptions,

price, etc.)

2 The debtor’s node sends immediately the data related to

the payment (amount, creditor’s IBAN, etc.)

3 The payment is executed on the creditor’s bank account

by a real time transaction

4 The money are in the creditor’s Account balance.

Instantly the creditor’s bank shows the executedpayment

Debtor Node Creditor Node

Central Bank Node

3

DLT

The Actors

Optional flow



Access to providers able to offer banks a fast and Low

risk onboarding process

IP Infrastructure

Influence card paymentGrowing mobile device role

High demand for Digital Payments

• Information is not disseminated, but stored in the DL

• Cheaper Technical Infrastructure• Scalability Infrastructure

simplified• Data Model is immutable

Technical Messages Flow Diagram Simplified

accept, in real time, the improvements that will bring to their customer experience

Be up to the potential

• Distribution of Participating Directories is not required

• Cheaper Transaction’s costs• Customer ERP Ready Integration• Possibility to reuse of existing networks• Multiple Ready APIs for Debtor and Creditor• Debtor’s Bank, Creditor’s Bank, Central Bank

Centralized Routing

A growing number of companies will expect to

be able to adopt them

DP Increased Popularity

Non banked population Cash remains king

Fragmented paymentScenery

Scalability the growing demandand new opportunity

To deal with strategic solutions

BDL Proposal - Instant Payment



THANK YOUGRAZIEMERCI…

Enterprise [email protected]

mailto:[email protected]

blockchain instant payment - amazon web services... · •deposit payment for hotels, car rental,...

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