[Tech]Where to Apply ReapChain? — Fintech Industry

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ReapChain Official

2 min readSep 28, 2021

Globally, people who don’t receive traditional financial services like banks, the so-called financially underprivileged classes, are estimated to be about two billion5. To those classes that can’t use existing financial services due to lack of credit or financial infrastructure, financial services utilizing the concept of blockchain’s decentralization are emerging as a solution.

However, to apply blockchain to the Fintech industry such as payment service requires real-time processing of numerous transactions and resolution of security problems for privately owned assets.

ReapChain can be applied to FinTech industries such as payment, credit transaction, and remittance because it can process transactions quickly through Proof of Triple Confirmation consensus process on the private blockchain (ReapMiddleChain), and on the public blockchain (ReapChain) security and decentralization problems are solved by applying ReapChain’s unique consensus algorithm, PoDC.