Clearing and Settlement via Blockchain

Sabanci University | Turkey

Halit Alptekin | Kadir Çetinkaya | Çağın Dönmez | Beste Seymen

We propose a system which allows banks to perform intermediary transactions without any trusted authority with the help of blockhain technology. In the world there is currently a system which is approved by many banks that perform this operation with a 3rd party trusted authority that takes transaction fees and delivers transactions not instantly but at the end of each day. We aim to introduce a better solution to this problem.