We are Kratos Innovation Labs
Kratos Innovation Labs develops products using Blockchain and Smart Contracts technology to address decades-old 'Problem statements' in the financial sector. We breathe innovation as our mantra to connect the dots in fintech innovations. Backed by an experienced management and advisory team, we create products that bring faster ROI to our customers and increased returns to our shareholders.
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.
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.