The proposed solution needed to provide safe and cost effective digital distribution of both public documents (e.g. terms and conditions, tables of fees and commissions) and personalized documents (e.g. loan agreements, bank statements). The resulf of that work is BIK Blockchain Platform, which can be used not only by banks, but by any institution that needs to share documents in a secure digital form.
Why BIK Blockchain Platform is unique
“BIK builds a long term cooperation with Billon. We believe that the use of blockchain technology, developed according to common innovative assumptions, will help the financial sector to optimize and modernize the effective communication with its clients.Mariusz Cholewa,
Our solution will be expanded to include electronic delivery with active confirmation and remote signing of online agreements. It is also important that the solution meets the legal requirements of a durable medium of information, as well as the requirements of the EU General Data Protection Regulation.”
CEO of BIK
How It Works
Publication of private documents
A BIK client publishes a document through the BIK Blockchain Platform using a dedicated web interface
An end user receives an email with information about the publication and a separate email and an SMS with decryption codes alllowing them to read the document.
Using decryption codes and the unique document blockchain address, the user can access and read relevant documents on a dedicated web page
The next phase of solution development can include further functionalities like remote signature and active delivery.
The flexibility of the architecture enables creating dedicated blockchain networks for various sectorial solutions e.g. telecommunication blockchain network, insurance blockchain network, etc.
Better delivery of information to end customers
Simplified business service flow
High level security architecture
New capabilities for BIK product portfolio