Smart Token Chain (STC) announced the launch of a blockchain system exchange that integrates all blockchain technology solutions

Smart Token Chain (STC) has announced the launch of the Smart Contract Settlement Exchange, which will connect all banks and other payment systems around the world using a smart token (patent pending) and blockchain technology.

Large financial institutions around the world are increasingly interested in blockchain technology and investing more in blockchain research, most of which expect blockchain to provide them with speed and contract closing procedures.

Tom Meredith, founder and CEO of STC, said:

“Blockchain brings us speed, security and cheap transactions using smart contracts. It allows decentralized ledger systems to manage transactions in a secure manner. But if everyone builds their own proprietary solution, how can these institutions communicate? If this integration link is missing, the investment in blockchain settlement systems will not pay off.”

Tom Meredith

The STC identifies the need for a universal “blockchain system exchange” that will be at the center of all of these upcoming proprietary blockchain settlement system networks.

Thomas said:

“Smart contract settlement systems will remain proprietary. Financial institutions themselves don’t want to trade assets and settle payments over peer-to-peer networks, but if they can connect with their peers, proprietary systems built over the next 10 years will be able to communicate easily and receive more investment.”

STC has established an integration mechanism that will eliminate the construction costs of all these interfaces and will accelerate the popularization of smart contract settlement blockchain solutions, shortening settlement speed from several days to real time.

In addition, STC will connect traditional payment systems with those new proprietary blockchain systems, so financial institutions that have not made large-scale investments in blockchain technology will be able to communicate and cooperate with those companies that are far ahead in the blockchain industry.

About Smart Token Chain (STC)

STC unifies financial services and establishes a global common standard for value exchange by using smart token technology that combines smart contracts, tokens and blockchain. STC is able to improve inefficient P2P and B2B markets and launch new services with its increasing number of global strategic partners, including Mastercard, Ripple and the World Council of Credit Unions (WOCCU). Each special smart token has its corresponding identity, transaction and invoice data. STC aims to become the world's best security token architecture solution provider, promoting the combination of various separate blockchain solutions.

Original article: http://www.econotimes.com/Smart-Contract-Settlement-Exchange-To-Integrate-Proprietary-Blockchain-Solutions-186318
Author: Econotimes
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/smart-token-chain-blockchain-solutions)