SNAPPER BANK CHAIN

snappertech

SnapperBankChain

SnapperBankChain is a platform for banks for exploring, building and implementing blockchain solutions. Membership to SnapperBankChain is open to banks, NBFCs, payment banks and other financial institutions.



A. What is blockchain technology?

At its core, a blockchain is an ordered and time-stamped sequence of "blocks of information". Blockchain technology derives its strength from strong cryptography.

Blockchains enable the rapid transfer and exchange of crypto-tokens (which can represent assets).

This can be done without the need for separate clearing, settlement and reconciliation.


B. Blockchain benefits

  1. Improve client satisfaction through faster, more convenient and secure services.
  2. Increase profits and reduce costs.
  3. Minimize fraud.
  4. Maximize efficiency, security & transparency.
  5. Accelerate information and money flows.
  6. Greatly improve auditability.
  7. Streamline paperwork.
  8. Showcase your bank as a global innovator.
  9. Be at the forefront of FinTech and emerging tech.

C. Pain points in implementing blockchain

  1. Installing, configuring, securing, troubleshooting, updating, and maintaining a blockchain ecosystem is a complex and time consuming task.

  2. There are 20+ blockchains and distributed ledger systems to choose from.

  3. Building blockchain solutions from the ground up is very expensive and time consuming.


D. SnapperBankChain membership benefits

SnapperBankChain members are entitled to several benefits. The details are as below:

  1. Access to mChain
  2. mChain is a permissioned multi-node blockchain that has 1 node for each SnapperBankChain member plus 1 admin node and 1 regulator node. You are provided root access to 1 node. Your node features the SnapperBankChain web-application which comprises the various active projects.

  3. Access to dedicated Yobichain
  4. YobiChain is your very own private blockchain ecosystem preloaded with web & FTP servers, a basic blockchain application, blockchain web demo and blockchain explorer.

  5. Access to source code
  6. You are granted permission to deal with specified PRIMECHAIN code and associated documentation files without restriction, including the rights to use, copy, modify, merge, publish, distribute. .

  7. Access to exclusive discussion forums
  8. Once we receive the email addresses and WhatsApp numbers of your organization's nominees for the various committees, we will add them to the exclusive SnapperBankChain slack and WhatsApp group.

  9. Priority access to training materials
  10. Personnel of member organizations are entitled to access these training materials. They can fill up the short form (name, email address and organization). As soon as their application is approved, the login credentials will be emailed to them.

  11. Future Money Conference
  12. Members are entitled to 2 VIP invites to Future Money Conference. Information about this will be provided to you once the dates for this year's Future Money Conference are announced.

  13. Nominate members to various SnapperBankChain committees
  14. Members may nominate:


E. SnapperBankChain committees

There are 4 committees in SnapperBankChain.

  1. SnapperBankChain Steering Committee
  2. SnapperBankChain Steering Committee is responsible for the overall direction of SnapperBankChain. This committee meets every quarter and consists of:
  3. SnapperBankChain Technology Committee
  4. SnapperBankChain Technology Committee is responsible for the technological direction direction of SnapperBankChain. This committee meets every month and consists of:
  5. SnapperBankChain Regulatory Committee
  6. SnapperBankChain Regulatory Committee supervises the regulatory, data privacy and data security implications of SnapperBankChain activities. This committee meets every month and consists of:
  7. SnapperBankChain Business Committee
  8. SnapperBankChain Business Committee analyzes the business and commercial implications of SnapperBankChain activities. This committee meets every quarter and consists of:

    The SnapperBankChain Technology Committee is responsible for the technological direction of SnapperBankChain. This committee consists of 2 nominees from each member bank, 1 nominee from advisory partner, 1 nominee from each technology partner, and 1 nominee from Primechain Technologies. This committee meets every month.

    This SnapperBankChain Regulatory Committee supervises the regulatory, data privacy and data security implications of SnapperBankChain activities. This committee consists of 2 nominees from each member bank, 1 nominee from advisory partner, 1 nominee from each technology partner and 1 nominee from Primechain Technologies. This committee meets every month.