DAM Corp Prepares Electronic Money-Based Blockchain Solution, Cooperates With Two New Leading Banks As Partners

The huge potential of blockchain technology for banking is exploited Digital Artha Media Corporation (DAM Corp), company fintech enablers with the support of technological resources and global reach, to develop solutions white label blockchain for corporations in various financial sectors. This service, which is claimed to be able to help the banking and corporate sectors, comes by changing a centralized approach to being decentralized.

To DailySocial, Managing Director of DAM Corp Fanny Verona said, white label Electronic money is a service provided when partners (banks or other corporations) can have electronic money easily and quickly.

"We not only provide the system, but also use case comprehensive and mature ecosystem. All data processed by this electronic money will be stored using the platform method distributed ledger technology blockchain-based, so that the data becomes the protection of the data itself, an efficient and effective data protection concept future-minded."

The blockchain technology developed by DAM Corp is built into an electronic money system. All data in the electronic money system is maximally protected and cannot be accessed or modified from outside, so that all sensitive data, such as customer profiles and balances, are safe and claimed. anti hack. In this case, the developed blockchain can be digital compliance for core system they.

"That's why we hope to be a catalyst in blockchain based fintech. We are not only raising fintech standards, but also encouraging the Indonesian fintech industry to be more advanced and efficient, according to our vision to financial inclusion and cashless society, said Fanny.

Adding partnerships with two well-known banks in Indonesia

Currently, DAM Corp has various financial solutions, such as Mandiri e-cash, LINE Pay e-cash, Wagon and IndiePay. Established in 2013, in the near future DAM Corp will add partnerships with two well-known banks in Indonesia.

"Currently, the incoming demand is very large and not limited to banking alone. Even universities, malls, and state-owned enterprises have a high interest in developing their business and ecosystem towards fintech," said Fanny.

As a fintech company that is claimed to be the first to apply blockchain to an electronic money system, DAM Corp hopes to bring convenience and efficiency to businesses and also create a sense of security for users to become more accustomed to adopting cashless society.

"We are aware that in order to build it all, we cannot go through just one player, so we intend to widen our wings to become a player fintech enablers and embracing businesses and other fintech companies to create a mature ecosystem and market education," concluded Fanny.