Doris, The First Neobank Based on Blockchain

Doris, The First Neobank Based on Blockchain
Nowadays, Since the bank's infrastructure will allow many Blockchain operations to be done easily, more than 55% of the world's banks operate based on Blockchain. However, many new banks are unable to provide services in this field due to various problems in the Blockchain field.
Blockchain allows operations to be done easily, Blockchain increases trust, security, transparency, and the traceability of data shared across a business network, and delivers cost savings with new efficiencies. Blockchain for business uses a shared and immutable ledger that can only be accessed by members with permission.
The failure of Neobanks in the Blockchain sector goes back to predetermined rules and regulations. In other words, the features of the Blockchain system are not compatible with the system of a Neobank.
The main difference between the Blockchain system and other information systems is that the information stored on the Blockchain system is shared among all members of the network and using encryption, it is almost impossible to delete and manipulate the recorded information. This makes the data storage and access system evolve. Blockchain is a decentralized technology and everything that happens on it is the result of the performance of the network as a whole.

In modern banking, since the financial information of customers must remain confidential, security defines everything and plays a vital role. On the other hand, when it comes to Blockchain, we are not talking about a common technology that only plays a supporting role for businesses, it’s a transformative technology in the digital era that changes the financial, economic, and social structures of the world into the digital form. Blockchain is defined as a concept of a distributed ledger. Distributed ledgers use independent computers (referred to as nodes) to record, share and synchronize transactions in their respective electronic ledgers (instead of keeping data centralized as in a traditional ledger).

Why Doris was Able to Provide Blockchain Services as Neobank?
Doris aims to create a foundation for a revolution in the field of modern banking just like the Internet created a huge transformation in the media. With all that in mind, Doris engineers and specialists can provide all kinds of bank services in the form of Blockchain by creating infrastructures, so security which is the most important issue these days is provided to all users.
Blockchain is a platform for a wide range of currencies and tokens that have entered the financial system. This story creates many tasks that must be done by the banking systems now are done by different individuals. Operations such as creating Wealth, providing income to others, transferring assets, making payments, creating new business, and dozens of other tasks are done in the Blockchain world today. By providing these services based on modern banking, Doris is able to operate the services so that users can make their transactions safely.

How does The Security of Doris Bank Operate?
Doris Bank's Blockchain acts as a decentralized database and helps protect customers' personal and financial information by storing all payment information and profile details on multiple Blockchain servers. Therefore, cybercrimes like fraud and cyber-attacks can be prevented easier. Also, using the Blockchain, the need for third parties in the lending and credit system is eliminated, which makes the borrowing process easier and lower interest rates guaranteed. With Blockchain, all banking operations can be done cheaper, faster, and safer.