A BlockChain for Institutional Participants

Global Clear has coded a distributed-ledger platform (DLP) designed specifically for use with all Global Financial Organizations. Our client services interfaces support Central Bank Depositories, Financial Institutions, Sovereign & Hedge Funds, NGO’s, and Large Trusts as well as Corporates. GlobalClear Services are available to process smart contracts through most all popular EFT Rails.

The Global Clear services are designed as an open-source platform to allow API and Service Bundling inside of other Product Services as well. Global Clears software is implemented as a segregated Code Model for security and is run in an omnibus-Cloud deployment for reliance and fault-tolerance.

The era of blockchain has arrived. The ability for banks to update a ledger of transactions in real time and integrate real time gross settlement simultaneously while encompassing lower costs by cutting out the correspondents and pass throughs. In fact, the rate at which banking and financial markets are adopting the technology exceeds what IBM initially predicted. A near 15% of banks worldwide, consisting mostly of medium to large-sized institutions expect to implement blockchain within the next 5 years. Security is a common concern that financial institutions, governments, and corporates have over the use of smart contracts and blockchains.

Here at Global Clear, our blockchain not only works like a traditional bank, but also in real time instant execution open source and it is nearly impossible to break due to our cryptographic algorithms making it resilient to hacking. Institutions can make investments, remit global real time payments/settlements and loan on the overnights on any rail way or interbank exchange via crypto- currencies and/or fiat currencies.

How does it work ?

Blockchains are built with blocks, containing records of some or all of the most recent transactions like how an individual bank statement works. Each time a block gets completed, it goes into the blockchain as a permanent database that is designed to be impossible to be deleted. There is a countless number of such blocks in the blockchain, connected to each other in proper linear, chronological order, each containing complete information about different user addresses and their balances. Because the blocks are added through cryptography, it ensures that the data cannot be copied even when they are distributed. Furthermore, it allows market participants to keep track of digital currency transactions without central recordkeeping.

Why should banks adopt blockchain technology ?

The advantage of  blockchain technology is that it works as a distributed database system, serving as an electronic open ledger. Instead of being managed by a centralized bank such as ones listed here, the monetary system is decentralized and democratized. Thus, it can simplify business operations for parties engaged in a financial transaction.

 

Blockchain technology removes almost all human involvement in processing, making it significantly cheaper than traditional accounting systems. Transactions are shorter because they are no longer subject to time zone differences and to the need for all parties to confirm payment processing.

Furthermore, blockchain systems can be automated by setting up smart contracts or payment transactions that gets triggered when certain conditions are met. Not to mention, a fully automated system can result to far fewer errors. It could free up billions of dollars as a result.

Why Global Clear?

Global Clear is a smart contract blockchain established specifically as an all-in-one comprehensive banking solution for financial institutions who are looking for stability and reliability with the combination of modern banking features, Global Clear can run any global digital transactions via fiat and/or crypto currencies smoothly and efficiently with its fully interconnected worldwide systems via GC-box, GC-wallet, GC-ex, GC-coin, and GC-gcoin.

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Use Global Clear Anywhere

Manage your institutional distributed ledger from any computer or mobile device worldwide. We provide the safest technology for you to reach your account information 24 hours a day, 7 days a week 365 days a year

Some common questions about Global Clear

Q.

Why choose Global Clear?

A.

Because it offers the most secure, trustworthy option for digital money users. Your clients can rely on a safe BlockChain and make investments and send money globally easily and rapidly.

Q.

How are Global Clear investments safe?

A.

Global Clear has several wholly owned subsidiaries that are service providers and manufacturers of Modular IDC’s (GC-box) and cold storage. It will only execute settlement and release the digital currency with multiple authentications met. In other words, we mean to keep a reserve of smart contracts and multiple fiat currencies off-line. Usually, this is necessary as a security precaution, especially when dealing with large ledgers.

 

Q.

How do I register for an account?

A.

You will need to speak with a Trustee in order to participate in the Global Clear Blockchain. To register, please visit the registration page.

 

Q.

Will my data be secured?

A.

Our API’s, modular data centers, and cold storages are the most encrypted and secured locations in the world. Your citizens’ and clients’ data & digital currencies are contained behind secured networks and mostly cold storage offline. In addition, all sensitive information you supply is encrypted via Secure Socket Layer (SSL) technology.
We implement a variety of security measures for all types of data transactions to maintain the safety of users’ information. All transactions are processed through a gateway provider and are not processed or stored on our proxy servers accept within the highly encrypted (GC-box)