Financial institutions

Financial institutions like banks, investment firms, venture capitals, etc. use ledgers for business transaction management. The level and severity of damage that can occur to a financial institution are high and can threaten business continuity. Therefore, it is necessary to introduce a system that mitigates risks, prevents fraud, and solidifies security without compromising the cost and time of doing business. AERO, as a blockchain technology, is perfect for this purpose as it enables financial institutions to interact in a money and financial market that is secure, fast, and cross-portfolio transactions enabled

A major application for blockchain is payment management. This is due to its immutability and security. Blockchain offers a flexible way of handling and monitoring payment, whether with digital or fiat currency. Different payment and collection set up, like crowdfunding, and fast payment can be set up to receive digital payments

Another major application for financial institution is the management of logistics, procurement, customs, and payment in supply chain and trade finance. With a blockchain technology that enables cross-ledger interoperability, these processes become less complex and more efficient.