NEO BIZ PLATFORM – KNOW YOUR MONEY MOVEMENTS. It is a fact that money moves the economy. But the reasons, viz.: why, when, how much, between whom may not always be traceable. This platform intends to answer all of these questions but prior to the actual movement of money with help of Distributed Ledger Technology.

摘要

#$%^&*AU2020100406A420200416.pdf#####ABSTRACT [0001] It is a fact that money moves the economy. But the reasons, viz.: why, when, how much, between whom may not always be traceable. It is best to intercept and ascertain these reasons before the fact that money actually moved between parties. [0002] These questions can be ascertained by the financial institutions with the help of existing trusted payment networks between them, especially New Payments Platform (NPP). [0003] Neo Biz Platform proposed here complements NPP and offers a range of benefits for its stakeholders, viz.: Financial Institutions such as Banks, Tax Authorities, Auditors and Business entities between whom trade occurs. [0004] Neo Biz Platform offers an overlay network and is built using a fully secured, private and permissioned Distributed Ledger Technology (DLT) Hyperledger Fabric. This platform will replicate information on need to know basis in real time between financial institutions and auditors and tax authorities as desired.4/6 Neo Biz nocCB Platform 0r. A-to-B Bob CBA Banking MBL, CBA, WBC gther more insightful information about their tus towers & customer's customer too Information is shared on a need-to-mow basis between banks Alice MAC Banks BnpkoettBankS & Businesses are ble to meet Baningcomnpliance find regulatory recquirements Aice Bob and Charlie comfortably use the online b0anng portal offered to them by theitbnln organisations: " Paid and pending/overdue invoices Ao Charlie * Payment Intents, Payments and receipts Bankino Banking Figure 7 Invoicing and Payments I Upload involcas II Febh invices I I I I I I I NtiNtiI PaymntFetenthtwettleinv Ices Feileh Paym et Intent Paym t Instr uti I I I tie.. Pye I n T Inc -.d Udl Invesre a8Pmnnttasle IFigureI