BILLON: Combining the Best of Distributed Ledger and Blockchain

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Wojciech Kostrzewa, CEO
In his successful 28-year old career as the sculptor of banking infrastructures, Wojciech Kostrzewa has always felt the requirement for making Blockchain technology capable of handling mass-scale transactions with national currencies, thereby creating better digital engagement with the users. As the CEO of BILLON, Kostrzewa has guided his team to bring the best of the distributed ledger and Blockchain, enabling businesses to stay compliant with all data and financial regulations via the Distributed Ledger Technology (DLT) system.

Designed to deliver concrete results by unifying payments and regulated data, BILLON's DLT system enables companies to unleash the full potential of Blockchain Technology in real-world scenarios. This high-performance system is aimed at unifying all financial transactions, documents on-chain, and identity management into one comprehensive platform. Moving beyond the conventional Blockchain norms, BILLON has created a new protocol that encrypts national currencies, while conforming to the existing regulations.

DLT is an end-to-end digital regulatory compliant business information exchange technology that is built on immutable Blockchain data. This technology is specifically developed in order to significantly lower the maintenance cost of banking accounts while streamlining both payments and the reconciliation of associated data and identity flows. The technology’s lightweight architecture delivers high-processing throughput via simplified peer-to-peer verification. “Promoting unprecedented scalability, DLT helps clients achieve faster processing speed that is not impacted by the addition of users. On the contrary, this system improves throughput rates with every new user joining the platform,” explains Kostrzewa. The technology is built specifically to be compatible with mobile devices, enabling users to carryout transactions even when offline.

The DLT architecture exhibits a user-centric identity ownership model, which empowers clients to take control of their own encrypted data. The system requires users’ permission to share or delete any data.


DLT is cryptographically secure, compliant with tamper-proof data model, powered by data and identity protection regulations


Conforming to governance protocols, DLT’s on-chain document with atomic encryption facilitates complete compliance processes. It helps digitize national currency directly by regulated entities, eliminating the intervention of third-party vendors. In addition, AML, KYC and GDPR requirements are addressed as per the protocols, enhancing the performance levels.

“DLT is cryptographically secure, compliant with tamper-proof data model, powered by data and identity protection regulations. Besides, Markets in Financial Instruments Directive (MiFID II) empower organizations to take control of their data,” explains Kostrzewa. The platform offers two-way, fully digital, business communication via cyber secure digital identity management, digital document sharing, and signing functionalities. In doing so, BILLON has helped clients reduce overall IT infrastructure costs involving storage, replication, backup and disaster recovery.

BILLON’s DLT based Accounts and Payments solutions ensure high-volume micropayments for its clients, thereby enhancing profitability for transactions as less as under $1. Users can also access the solution from their KYC embedded mobile devices, thereby keeping track of all operations irrespective of time and location. “Our accounts and payments solutions support all financial transactions from B2B cross-border payments, C2C remittance, and transfers to B2C disbursements, payouts, and C2B eCommerce solutions,” says Kostrzewa. The company's DLT technology seamlessly integrates into the banks' systems via APIs, thereby encrypting transactions natively. This has allowed industry leaders, SMEs, and even individuals to perform P2P transactions for multiple currencies.

Company
BILLON

Headquarters
London, England

Management
Wojciech Kostrzewa, CEO

Description
Designed to deliver concrete results by unifying payments and regulated data, BILLON's DLT system enables companies to unleash the full potential of Blockchain Technology in real-world scenarios. This high-performance system is aimed at unifying all financial transactions, documents on-chain, and identity management into one comprehensive platform. DLT is an end-to-end digital regulatory compliant business information exchange technology that is built on immutable Blockchain data. This technology is specifically developed in order to significantly lower the maintenance cost of banking accounts while streamlining both payments and the reconciliation of associated data and identity flows. BILLON’s DLT based Accounts and Payments solutions ensure high-volume micropayments for its clients, thereby enhancing profitability for transactions as less as under $1