Have you ever hear about DDAMS? Yeah DDAMS is stand for Digital Direct Application Management System API or DDAMS. That system has been applied in Block Bank and now i want to explain about it let’s see.
DDAMS is a cryptographic algorithm that will utilise Ethereum blockchain. Clients will use the system to submit their funding application into the core banking system. The DDAMS blockchain will store all banking information as well as a register of banking activity to provide transparency to all users. The DDAMS block chain will also store transaction and distributed bonuses.
DDAMS will provide a streamlined protocol to deliver all client information to the core banking system to calculate product features in real time. DDAMS will also provide the crypto register of token holders, the route to claim their bonus drawing rights on annual profits. The core banking software will also distribute funding via smart contracts. Once criteria has been met clients can expect real time distribution of funds.
DDAMS allows partners and institutions to connect directly to core banking system minimizing application time and product delivery. DDAMS will serve as the backbone of the decentralized funding platform connecting clients to the institutions and funding, products they need in real time.
Assign roles to your team and quickly move clients and open accounts from one workflow to another as required, ensuring the right people look at the right accounts all the right time. Block Bank allows you consolidate key performance indicators as well as accounting in real time, regardless of location or the size of your business. Whether you want to empower senior staff to review accounts in multi-geographies or generate account accounting books in seconds, Block Bank real-time cloud environment eliminates the manual, error-prone, expensive efforts typical of many legacy systems.
Block Bank keeps clients easily updated on account approvals, when repayments are due or a loan has been disbursed with automatic email and SMS notifications. Branded templates with customizable placeholders for client details to create more personal interaction, with a fraction of the effort required to do the work manually.
That's all information i can explain to you visit this link for more information :
Website : http://theblock-bank.com/
Whitepaper : http://theblock-bank.com/pdf/blockbank_whitepaper.pdf
Twitter : https://twitter.com/block_bank
Facebook : https://www.facebook.com/blockbank.cash
Telegram : https://t.me/BlockBank_cash
Author : naochan
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1289068;sa=summary
