Blockchain
Services

Traceability Solution

The Foundation: Hyperledger Fabric Blockchain Framework

Our traceability solution is built on the robust and secure foundation of the Hyperledger Fabric blockchain framework. This cutting-edge technology ensures the integrity and immutability of data, providing a trusted platform for supply chain traceability.

The Platform: Inclusive Participation for Enhanced Transparency

We have developed a collaborative platform that encourages participation from all entities involved in the supply chain including manufacturers, channel partners, dealers and end users. This inclusive approach fosters transparency and accountability across the entire supply chain ecosystem.

The System: Comprehensive Product Visibility for Unparalleled Transparency

Our traceability solution offers comprehensive product visibility throughout the supply chain, from origin to destination. We enable real-time tracking and monitoring of products, ensuring transparency and authenticity at every stage. This level of visibility meets the highest standards of supply chain management, providing businesses with a competitive edge.

Product Visibility:

Track and monitor products throughout the supply chain especially in industries such as like pharmaceuticals, liquor, cosmetics and manufacturing. Our solution provides real-time visibility for efficient supply chain management.

Information Symmetry:

Utilize blockchain-based traceability for a shared ledger, ensuring complete data visibility across the supply chain.

Retrace Product Claims:

Establish accountability with an immutable ledger, verifying claims of authenticity, legality and sustainability.

Transparency through Blockchain Certificates:

Enhance collaboration among global supply chain suppliers with secure and transparent sharing of blockchain certificates.

Automate Supply Chain with Smart Contracts:

Streamline operations by integrating smart contract technology with open supply chain systems.

Revolutionize Your Supply Chain with Blockchain Traceability Solutions

We offer innovative traceability solutions powered by blockchain technology, revolutionizing supply chain management for businesses. Our approach ensures transparency, authenticity, and efficiency, transforming the way businesses operate.

Traceability and Authenticity are Crucial for Modern Supply Chains

In today's dynamic business landscape, traceability and authenticity are crucial for successful supply chain management. Our solutions enable businesses to issue genuine certificates, effectively managing dispersed processes and promoting transparency. This empowers businesses to thrive in a competitive market.

Secure Blockchain Traceability for Multi-Party Transactions

Our traceability solution leverages blockchain technology to provide secure verification for transactions involving multiple parties. By utilizing a decentralized and immutable ledger, our system ensures the integrity of the supply chain and builds trust among stakeholders.

Certcheck

CertCheck is a blockchain-based platform that meets global standards for verifying academic degrees and certificates. It ensures seamless validation while guaranteeing authenticity and immutability.

Digitalization of All Credentials:

Streamline the process by converting all certificates and credentials into secure digital formats. This ensures easy access and efficient management.

Blockchain-Based Security:

Blockchain ensures credentials are authentic and tamper-proof. Hashes are stored on an immutable, decentralized ledger that prevents any alterations.

Real-Time Certificate Verification:

Achieve instant verification of certificates without manual intervention which reduces delays.

Instant Verification:

Achieve real-time verification of certificates and eliminate typical delays associated with manual processes.

Tamper-proof:

Utilize blockchain technology to ensure that all credentials are immutable and tamper-proof, guaranteeing their authenticity.

Increased Efficiency:

Reduce operational expenses by eliminating the need for extensive manpower and manual verification processes.

Ease of Use:

Benefit from an user-friendly platform that simplifies the issuance and verification process for both administrators and users.

Revenue Stream for Universities:

Universities can provide instant verification and charge a fee.

Blockchain Digital Certificates as a Secure Solution to Credential Fraud

The prevalence of fraudulent certificates is a significant issue in both the educational and corporate sectors. By leveraging blockchain technology, the digital issuance of certificates and identity documents ensures that credentials cannot be altered post-issuance.

Instant Verification to Eliminate Delays in Credential Checks

Traditional verification of job-relieving letters or academic certificates can take 7 to 45 days, with 48% of HR professionals lacking time for thorough checks. CertCheck’s blockchain technology eliminates the 30-45 day delay by providing instant and real-time verification.

Tamper-proof Certificates Ensuring Security and Authenticity

Immutability of certificates is at the core of CertCheck. It ensures that documents remain tamper-proof by storing their hashes on the blockchain. This approach provides an additional layer of security and eliminates the risk of document alteration.

It is perfectly suited for educational institutions and corporate entities as it provides a reliable and a scalable solution for credential verification.

Intercompany

Intercompany Reconciliation

Our solution is a blockchain-based platform for intercompany reconciliation that leverages the Hyperledger Fabric framework to secure financial processes. It addresses the complexities of related party transactions by providing real-time transaction settlements and enhanced counterparty visibility. By utilizing a decentralized and tamper-proof ledger, this platform ensures the accuracy and security of financial records. It eliminates delays and improves audit assurance. It is designed to optimize operational efficiency, reduce manual intervention and enhance the integrity of financial reporting.

Real-time Transaction Settlement:

Speed up financial closings with near real-time, blockchain-enabled transaction settlements.

Role-based Access and Counterparty Visibility:

Boost security and transparency in intercompany transactions with blockchain's role-based access control and clear counterparty visibility.

Greater Audit Assurance:

Ensure compliance and improve audit accuracy using reliable, blockchain-backed data in intercompany reconciliation.

Eliminates Delays:

Optimize financial operations by eliminating delays through automated blockchain reconciliation processes.

Tamper-Proof Data:

Maintain data integrity with blockchain's tamper-proof ledger, ensuring accurate and secure intercompany reconciliation records.

Transform Your Financial Landscape with Secure Blockchain Intercompany Reconciliation

We provide a cutting-edge solution for intercompany reconciliation. It replaces traditional, error-prone methods with secure blockchain technology. Our platform is built on the Hyperledger Fabric blockchain framework. It tackles the challenges of related party transactions such as accounting errors and transaction duplication. It also manages cost-sharing adjustments, currency exchanges and revenue-sharing arrangements.

Enhancing Operational Efficiency in Financial Reporting

Our blockchain-based reconciliation platform enhances operational efficiency by streamlining the reconciliation process. This solution reduces manual intervention and minimizes errors. Further, the platform has the capability to generate statutory reports like Statement of Accounts. Form 3 etc.

Efficient Real-time Reconciliation

Our reconciliation platform uses blockchain technology for real-time verification of intercompany transactions. It relies on a decentralized and immutable ledger. This provides a strong solution to handle complex financial reconciliations.

Blockchain-Intercompany-Reconciliation-VARA-Technology

Trade Finance

Our blockchain-based trade finance platform, built on Hyperledger Fabric, automates payment processing, document management, and approvals. It ensures real-time synchronization, reduces manual errors, and scales with your business. Integrating with financial systems and using smart contracts. It enhances efficiency and provides a tamper-proof, decentralized data layer for transparency and compliance. The goal is to establish a universal platform for all banks, promoting efficiency in global trade finance.

Enhanced Transparency:

Our solution offers visibility into counterparties, fostering transparency and trust in trade finance transactions.

Eliminates Manual Processes:

By eliminating manual processes, our platform boosts efficiency and reduces errors, streamlining trade finance operations.

Seamless Financial Integration:

The platform integrates seamlessly with financial systems, streamlining operations and enhancing accuracy for more effective financial management.

Accelerated Transaction Processing:

Automation speeds up the process resulting in quicker transaction processing and faster delivery of trade finance solutions.

Scalable to Business Needs:

Our platform offers increased scalability, effectively handling growing transaction volumes and adapting to evolving business requirements.

Tamper-Proof Data Integrity:

Ensures a tamper-proof data layer, protecting against fraud and maintaining data integrity across all trade finance transactions.

Effortlessly Manage Trade Finance with Blockchain-based Solutions

Cross-Border Payment Processing:
- Corporates send payment instructions to banks based on documents such as letters of credit, invoices, and delivery challans.
- Documents are currently exchanged via email and physical copies sent through banking channels.

Blockchain-Based Platform:
- Our platform ensures information symmetry, transparency, trust, security, and immutability.
- A unified version of truth is securely replicated across all stakeholders.
- Automation streamlines the process, reducing lead time.
- Documents move swiftly, and transactions are settled in near real-time.

E-KYC

Our solution offers a simple and efficient approach, providing banks and financial organizations with a secure and organized model for data handling.
It enables a unified version of information across domains, maintaining consistency and accuracy across the organization.

Approach:

The process involves the customer submitting KYC documents to the bank for verification, creating a transaction and uploading KYC for verification.
A multicast message is sent across the network to validate credentials, resulting in the generation of a unique long-term customer identity number.
This unique number is securely stored on the blockchain and used to access various privilege management infrastructures seamlessly.

Prevent Identity Theft:

Utilize a single, cross-business ID store to prevent duplication of information and enhance security against identity theft.

Ensure Data Integrity:

Prevent a single point of failure by making it impossible for unauthorized individuals to modify information, enhancing data security and integrity.

Improve Operational Efficiency:

Boost operational efficiency by providing intra-organizational access after a single customer authentication, streamlining processes and reducing redundancy.

Enable Unified Data:

Enable a unified version of the truth across domains, enhancing consistency and accuracy of data across the organization.

Transform Your KYC Processes with Secure Blockchain Technology

Financial institutions rely on KYC processes as the foundation of their anti-money laundering efforts. Current methods involve repetitive onboarding and validation, posing risks of identity theft and privacy breaches, while being costly and time-consuming.
According to Forbes, KYC procedures cost some institutions nearly $500 million annually.

The current process allocates 80% of efforts to information gathering and processing, leaving only 20% for assessment and monitoring. This imbalance results from labor-intensive tasks and the risk of errors, leading to a tedious experience for customers.

Our solution offers a simple and efficient approach, providing banks and financial organizations with a secure and organized model for data handling.

Blockchain
Services

Traceability Solution

TubesNxt – Traceability Solution using Blockchain

Revolutionize Your Supply Chain with Blockchain Traceability Solutions

Traceability and Authenticity are Crucial for Modern Supply Chains

Secure Blockchain Traceability for Multi-Party Transactions

Certcheck

CertCheck – Blockchain Based BGV Platform

Blockchain Digital Certificates as a Secure Solution to Credential Fraud

Instant Verification to Eliminate Delays in Credential Checks

Tamper-proof Certificates Ensuring Security and Authenticity

Intercompany Reconciliation

Intercompany Reconciliation

Transform Your Financial Landscape with Secure Blockchain Intercompany Reconciliation

Enhancing Operational Efficiency in Financial Reporting

Efficient Real-time Reconciliation

Trade Finance

Trade Finance Solution using Blockchain for Corporates

Effortlessly Manage Trade Finance with Blockchain-based Solutions

E-KYC

E-KYC – Tamper Resistant Identity Management

Transform Your KYC Processes with Secure Blockchain Technology

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Blockchain
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info@varatechnology.com

CIN Vara Technology - U30009WB1999PTC090277
CIN Vara Infrovate - U72300WB2013PTC189691

Registered Office
Tangra Industrial Estate, Phase - II, 45 Radhanath Chowdhury Road,
Kolkata - 700015

Plot No. X - 1, 2 & 3, Block - EP
Sector - V, Salt Lake City
Kolkata - 700091

903, Akshar Blue Chip IT Park, Turbhe MIDC, Turbhe, Navi Mumbai
Maharashtra - 400705

5th Floor GP 28, TAG 28, Sub. Major Laxmi Chand Rd, Sector 18, Gurugram, Sarhol
Haryana - 122015

Blockchain Services

Traceability Solution

Revolutionize Your Supply Chain with Blockchain Traceability Solutions

Traceability and Authenticity are Crucial for Modern Supply Chains

Secure Blockchain Traceability for Multi-Party Transactions

Certcheck

Blockchain Digital Certificates as a Secure Solution to Credential Fraud

Instant Verification to Eliminate Delays in Credential Checks

Tamper-proof Certificates Ensuring Security and Authenticity

Intercompany Reconciliation

Transform Your Financial Landscape with Secure Blockchain Intercompany Reconciliation

Enhancing Operational Efficiency in Financial Reporting

Efficient Real-time Reconciliation

Trade Finance

Effortlessly Manage Trade Finance with Blockchain-based Solutions

E-KYC

Transform Your KYC Processes with Secure Blockchain Technology

Services Industries Resources About

Plot No. X - 1, 2 & 3, Block - EP Sector - V, Salt Lake City Kolkata - 700091

903, Akshar Blue Chip IT Park, Turbhe MIDC, Turbhe, Navi Mumbai Maharashtra - 400705

5th Floor GP 28, TAG 28, Sub. Major Laxmi Chand Rd, Sector 18, Gurugram, Sarhol Haryana - 122015

Blockchain
Services

Plot No. X - 1, 2 & 3, Block - EP
Sector - V, Salt Lake City
Kolkata - 700091

903, Akshar Blue Chip IT Park, Turbhe MIDC, Turbhe, Navi Mumbai
Maharashtra - 400705

5th Floor GP 28, TAG 28, Sub. Major Laxmi Chand Rd, Sector 18, Gurugram, Sarhol
Haryana - 122015