b4bi has tested, validated and adopted LoanXchain‘s blockchain-based solution in the scope of BlockStart:
Why has the company decided to implement the solution: Financial services, the main industry we are serving, is constantly evolving and blockchain based solutions such as LoanXchain are shaping the future of the industry.
Added value of the solution to the company: For us the collaboration with LoanXchain is a great opportunity to expand our service line, gain technological knowledge and provide our expertise to a new ecosystem.
What has been done during BlockStart’s pilot stage: We performed tests on LXC capability to convert loan data from legacy system to platform database and provided feedback. We onboarded of one relevant B4Bi customer on LXC platform for a pilot transaction. Finally, we evaluated together with LXC the pilot transaction, with focus on performance and data quality of uploaded loans on LXC platform.