We are thrilled and beyond proud of our CEO Rišardas Bedulskis which has joined an eFTI working group as InfoBalt chairman of the Digital Leadership Committee. eFTI is an electronic freight information working group that encourages freight digitization of transport and logistics. On the same note, let us look at one of our solutions related to logistics – eCMR.
As it was mentioned before, eCMR is a paperless solution for logistics. Its aim to allow the service providers to index their active eCMRs and the controlling institutions to check the availability of CMR transport documents of the foreign road carriers driving through their territory in a secure and trustful way. With the indexing service and the indexing number of an eCMR, the appointed government institutions of the involved country would be able to see where the eCMR is stored and receive agreed available data. To understand how good this solution is, here is five facts that will prove that we need eCMR:
The solution is based on an application programming interface (API) that was deployed using distributed ledger technology (DLT) approach and platforms through API. However, the eCMR solution can only function when an internationally connected digital ecosystem is available, which would allow the data exchange on those documents along the transport corridor.
Interested to know more about the solution? Contact us at [email protected] and we will consult you!
In today's world, each technology is getting better and better, and the only limit is the sky. Of course, the financial sector - no exception. The RTP has a messaging functionality. It is not a payment means or a payment instrument but a way to request a payment initiation.
The scheme can complement the payment flow because it supports the end-to-end process and lies between an underlying commercial transaction and the payment itself. An RTP as such is an enabler for digital payments. The investigation of the possibilities of request to pay began in 2018. In November 2018, EBA CLEARING launched a task force composed of experts from financial institutions across Europe to work on a blueprint for a pan-European request to pay infrastructure solution. The task force delivered a blueprint in early 2019 that set out a thin-layer infrastructure based on real-time messaging and separated from both end-user and payment infrastructure layers.
In 2020 Systems integration solutions, in collaboration with Vilnius business college, launched a project, Development of a Payment Platform Based on Innovative Technologies INO-PAY. This project aims to build up a platform based on DLT technology (another known as Blockchain), allowing you to pay easier and quicker.
So, how does it work? R2P service begins with the payer receiving a request via an electronic interface such as a mobile banking app. The payer will choose his payment: full price, half of the cost, or even an extension of his pay time. The choice which will payer make will be sent to the sender, and only in a few seconds, they will receive the money.
The project due is in 2023. We will update you on how the project is going! Stay tuned!
