Overview
What makes our
technology unique?
The traditional mechanism for processing and settlement of payment transactions has been through centralized automated clearing houses (ACHs) or Switches. This centralized architecture presents issues which include (but are not limited to) lower system reliability, higher cost of operations and challenges with disputes resolution.
Our flagship product.
Zone is Africa’s first decentralized or peer to peer payment network, based on Blockchain technology which allows payment transactions to be processed directly between banks and other participating institutions without dependence on intermediary switches. This decentralized architecture and the underlying technology enhance reliability (as there is no single point of failure), eliminate customer disputes, reduce cost of operations, and automate back office reconciliation.
Characteristics
Enterprise Grade with Privacy
Our Distributed Ledger Technology (DLT) is based on a permissioned enterprise platform that supports transaction privacy between transacting parties unlike permission-less DLT platforms.
High Performance
Our decentralized network is a true web-scale infrastructure with capacity for transaction processing throughput of over 50,000 transactions per second.
Improved Consensus
Zone implements enhanced proof-of-stake and proof-of-authority consensus algorithms which guarantee fast and error-free transaction ordering / validation across all network nodes.
Global Contributions
We are leveraging over 350 contributors from the world’s leading finance and technology companies such as JPMorgan, IBM, Google, Intel, Qualcomm, Microsoft, Twitter, etc.
