We are Kratos Innovation Labs
Kratos Innovation Labs is a Singapore headquartered product company with an extensive focus on Blockchain and IoT. The company is founded by experienced professionals with a deep understanding of domain knowledge to understand the customer pain points better. We have been voted as Top 50 hot start-ups by Economic Times. We develop products to address customer pain points in FinTech and Supply Chain Management. Our products have received extensive traction and market fit with current implementations spanning across Asia and USA markets. We breathe innovation as our mantra to connect the dots in the Blockchain ecosystem. Backed by an experienced management and advisory team, we create products that bring faster ROI to our customers and increased returns to our stakeholders.
We build awesome products, have a look at our top notch products.
x-DeFraud acts as an x-ray to prevent fraud in Trade Finance.
Trade Finance Transactions often involve manual paper (and unstructured electronic) transfers of records (purchase orders, invoices, bills of lading, customs documentation, certificates of authenticity and makeup) that accompany physical goods. Keeping track of the ownership of physical goods and inventory at each step, along with the corresponding paper flows, can be a major undertaking, especially with manual processes that are subject to human error, loss, damage and even theft and fraud.
x-DeFraud prevents fraud by storing all the supporting documents in a trading cycle in an encrypted format on a tamper proof blockchain platform. With pre-defined algorithms, all the documents flowing in the distributed ledger are x-rayed by x-DeFraud system to prevent fraud, thus saving substantial amounts even before fraud is committed.
instaSCF provides a decentralized blockchain platform for SMEs to factor their invoices from banks, NBFCs and lending institutions.
Traditionally SMEs lack access to working capital loans and often their receivables are stuck for a period of 90 days or more. instaSCF provides a decentralized platform to get speedier access to working capital for SMEs by factoring their invoices ('accounts receivables'). Lenders review the invoice, SME credit rating and debtor information to make an offer to the SMEs. The funds are normally credited on the same day once all the smart contract clauses are reviewed and signed by all the parties. A smart contract keeps track of the payment day from the buyer (debtor) and debits buyer's account and credits the lenders account automatically.
Smart Contracts as a Service (SCaaS)
Smart Contracts are Self-executing Contractual states that persist within a blockchain. We provide customized Smart Contract solutions for financial institutions. With the prevalence and adoption of blockchain technologies, we foresee Smart Contracts as a Service (SCaaS) evolving similar to a SaaS model.