BharatCoin Utilities
Marketplace Commerce
Bharatcoin is the only accepted currency to purchase NFT tokens, services and games in the marketplaces.
Health Monitoring
Stake Bharatcoin and get the free health-monitoring app. The app will use behavioral science to help in ...
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Tipping
If a user enjoys a particular piece of content and wants to support the creator, they can give them a tip in Bharatcoin.
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Revenue Sharing
Stake Bharatcoin to receive a share of revenues. Every month, we redistribute 20% of total revenues to Bharatcoin stackers.
Community Governance
Bharatcoin token holders can exercise voting rights on key elements of the ecosystem such as new features on the platform.
Token Burning
Every month, Bharatcoin burns 5% of all BXR that was spent on advertising.
P2P Transactions
Send and receive Bharatcoin tokens between your friends, family and acquaintances on our platform instantly and free of charge.
Life Insurance
Stack Bharatcoin and we will pay a certain amounts towards your life insurance.
Invoice and Bill Pay
Stack Bharatcoin and get free access to our portal to create invoice and bill pay service.
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Doctor Home Visit
Stack Bharatcoin and get the free doctor home visit facility.
Lottery
Stack Bharatcoin and get the free lottery ticket. The lottery ticket will never expire.
Insurance
Stack Bharatcoin and we will pay a certain amount towards your car insurance.
Read More >>API’s for Carbon Footprint
We have developed an API that allows us to offer you this carbon footprint compensation service in a simple and transparent way. You use our API’s to integrate with your IoT devices. We can connect to the data sources such as new energy vehicles (NEV), energy-efficient appliances, and garbage collection vehicles, IoT devices and upload and store the carbon reduction data on the blockchain.
An independent third-party, will verify the data uploaded to the blockchain; execute the smart contract developed based on the carbon reduction model designed by the carbon experts; calculate the carbon reduction equivalent of each carbon reduction act; and issue carbon credits for individual users accordingly. System will reward them with Bharatcoin.
Blockchain as a Service – off the Shelf
BlockchainOur platform is designed to provide a comprehensive low-code/no-code blockchain solution that meets even the most demanding enterprise requirements. It allows enterprises to integrate blockchain into your business right away.
Product Verification
With the Automobile Solution based on the Blockchain, We assign each vehicle a unique ID and a digital passport that covers the entire lifecycle of the car. By using the authentic data stored on the blockchain, the brand can assess the quality and authenticity of auto parts. Additionally, access to that data can be shared by the vehicle owner to different third-party service providers such as for car insurance, used cars trading, auto-finance, etc.
High-value products are embedded with RFID/NFC chips or tagged with QR codes during production and allocated a unique ID to keep track of the product's entire lifecycle and record core data.
We use blockchain and Smart Tag (NFC/RFID/QR Code) to implement the traceability of retail products' entire lifecycle management. End consumers can check and verify a product's information via the mobile app or integrated API’s.
This model can be applied to medicine; food, gold, diamond and many more use cases.
Food Safety
The blockchain-enabled food safety. Bharatcoin can provide food industry enterprises with various traceability functions that have been effectively verified, including origin traceability, cross-border traceability, full-process traceability, and more. It can also help food companies exploit value via data generated by their own business. The immutable data on the blockchain enables companies to increase the efficiency of compliance review, government supervision, logistics and supplier evaluation.
By leveraging blockchain technology, IoT equipment, and the enterprise's own business system, Consumer Confidence Index Platform can keep track of the entire lifecycle of the products, and manage the quality and safety information effectively.
Through this platform, we can facilitate the digital transformation of the enterprises. In addition, consumer feedback and big data will be utilized to improve the quality of the goods and services themselves, bridging the gap between legal authorities, product makers, and the end-user market.
Document Intelligence
Document Intelligence applies for Contract Review, KYC and KYS. It accurately analyzes high volume of contracts in a fraction of time. Bharatcoin extracts key information and insights from the documents to help in KYC and KYS Process.
Capabilities
Automates the extraction of key invoice fields
File Sharing on Private Channel
Intelligent digitization of Documents
Build Knowledge Base and Generate Key Business Insights
Automated Workflow
Review data quality and checking for errors or missing information
Automate tax processes
Manage Indirect Tax Processes and tax reporting
Automatically classification of tax transactions using deep learning
Automatically Assigning right tax code to each transactions
Manage Legal Entities using Graph Database
Automatically detects Fraud and anomalies transactions
Extract information from documents using Supervised, Semi-Supervised and Unsupervised machine learning techniques.
Trained Models using Deep Learning neural network techniques
Auto classification of the data using machine learning techniques
Trade Finance
The Problem:
Hin Leong Trading collapsed with $3.85 million in debt. Its founder has been charged with “instigating” someone to forge a document saying it transferred 1.05 million barrels of gasoil, and the paper was used for a $56 million trade financing.
Agritrade collapsed with $1.5 billion in debt. ING has alleged that Agritrade issued “overlapping” bills of lading to secure trade finance multiple times for the same goods. And allegedly, Commerzbank believes that shipments of coal it financed don’t actually exist.
In the case of the smaller collapsed energy trader ZenRock (owes $600 million), HSBC has alleged ZenRock issued duplicate commercial invoices to raise finance for the same oil cargo.
Solutions:
The solution uses APIs and aims to prevent fraudulent trade finance through the double financing of invoices, purchase orders, bills of lading and warehouse receipts.
Blockchain enables financiers around the world to share data without revealing confidential information. Bharatcoin solution uses a digital fingerprint, technically a hash of the document. The instruments can be invoices, purchase orders, bills of lading and warehouse receipts. Each document fingerprint is marked as either “registered” (logged) or “financed”.
If a bank plans to finance a document and it’s flagged as financed, they know something is amiss. However, the platform allows for nuances. For example, it’s legitimate for the supplier to raise finance on an invoice and the buyer also to secure funding to pay the invoice. And in some cases, the financing may only be partial, so the invoice can be used to raise finance for the balance.
Digital Policy Management
Bharatcoin platform self-executing smart contract allowing insurance companies, brokers and their clients to store the policy in the digitized format and confirm coverage eligibility, and automate the manual and resource-heavy day-to-day policy management and compliance processes. The result is unparalleled insight and transparency into a policy, or portfolio of policies, while providing the tools to manage all components of insured transactions in one centralized platform, regardless of geography, product, or broker.
EnergyXChange
A platform that enables trading of green energy for financial benefits and rewards.
EnergyXChange is a mobile and web application backed by a robust blockchain technology platform. It is designed to record and deliver real-time information about available customer energy resources, customer participation history, and power grid needs. By doing so, EnergyXChange enables residential and business customers that are both energy producers and consumers to connect to energy markets and leverage their distributed energy resources (DERs, such as solar panels, batteries, and electric vehicles) in order to participate in two-way energy flows, and associated energy services, between themselves and utilities. These new energy transactions are conducted in secure, transparent and standardized processes, with a user-friendly and intuitive digital interface.
