In the context of the rapid development of the technology 4.0 revolution, Blockchain is considered as the key pioneer for creating a great impact in many fields. Blockchain is a type of shared database that differs from a typical database in the way that it stores information; blockchains store data in blocks that are then linked together via cryptography. For that reason, blockchain can eliminate all intermediaries, increase security, offer transparency and stability in operation. In addition, it helps reduce cost and human error significantly.

In today’s situation, there is too much information but not enough tools to authenticate and help determine which information is trustworthy. Welups – the world’s first identity blockchain platform is born for reinforcing its commitment to transparency according to the following standards:

Decentralized identity management based on Welups blockchain

Blockchain-based solutions are providing exceptional utility in solving issues of identity in digital systems. Welups enables more secure management and storage of digital identities by providing a unified, interoperable, and tamper-proof infrastructure.

Not affected by 3rd party

Welups helps you to trade freely without any regulation and supervision from any government or organization. There is no need for a third-party intermediary to verify or transfer ownership. If a transaction takes place on a blockchain-based system, it will be settled within just a few seconds, securely and verifiable.

Optimize forex transactions and minimize payment risks

Harnessing the power of distributed ledger technology is the record-keeping system behind cryptocurrencies. Specifically, Welups will work with partners to use a common payment ledger to process transactions in different currencies. Using blockchain technology, this solution provides each bank with continuous real-time transparency of the payment status for relevant forex transactions in applicable currencies. It will allow both parties to use the payment network efficiently, which will reduce payment risks and associated costs when dealing with foreign exchange transactions.

Easily verify and manage digital assets in the advanced form of NFT

An NFT issued on the Welups Blockchain can only have one owner at a time. Ownership is managed through uniqueID and metadata that no other tokens can copy.


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