WHAT IS WHITE-LABEL EXCHANGE SOFTWARE? WHY IT IS BENEFICIAL TO YOUR BUSINESS
BSI, 7th Sep, 2020
Blockchain has been a disruptive technology in finance, distribution, health care, education, and many other sectors. The major feature of blockchain is, it’s secure with the highest possible data integrity, privacy-centric, and open nature. Blockchain is a Distributed Ledger Technology (DLT), which enables users to have their data stored, openly, anonymously, and securely. Blockchain not only disrupted currencies as a trading tool and its usage but also gave a paradigm shift in other financial tools like securities, funds, and other similar instruments. Finance being its first application, has benefited immensely using various innovative and ground-breaking features of the technology.
WHAT IS WHITE-LABEL EXCHANGE SOFTWARE?
White-label exchange software involves a transfer between at-least two parties. And in most cases they rely heavily on continuous trade against another financial tool, usually currency to non-currency and vice versa, to appreciate its value. The more the instrument traded more its set to change its value. And based on the setup and complexity of it, price movement in any direction may generate money for the trader, hence the existence of exchanges.
White-label exchange software is a perfect solution to B2B businesses, because-
- Tokenisation of any assets (real estate, commodity, fiat currency, securities, illiquid assets) is possible with White-label exchange software.
- Trading of any assets including but not limited to, stock exchange, currency exchange, liquid, and non-liquid asset exchange is possible with this kind of platform.
HIGH TRADE GENERATION
The technological backbone of this White-label exchange software platform is Blockchain. It generates high to trade for the traders to trade. This kind of Platform is a complex, high performance and features a rich trading platform, ready to be used in any exchange. In the core of white-label software lies the blockchain for user asset storage.
HYBRID DATA MANAGEMENT
White-label software for exchange is having hybrid data management partially having a centralized database and partially on the blockchain. But since with any public blockchain, high-frequency trade is not possible, for trade match engine, generally white-label software for exchanges can use a centralized database for the sake of traders so that they may have full control over their assets.
WHY BUSINESS SOFTWARE INDIA IS UNIQUE IN DEVELOPING WHITE-LABEL EXCHANGE SOFTWARE
1. Use of Web Socket
Interactive collaborations are now possible over browsers, messaging services, etc. Endless real-time capabilities are made possible through Web Sockets. Business Software India’s White-label exchange software possesses this bi-directional communications link with the server using web-socket.
2. Decoupling all the modules as Independent Engines
Business software India’s exchange software provides you Easy Maintenance, Upgradation, and high-level Flexibility. Object-oriented programming has been advised you to decouple the components or split them into modules, Which is a great solution.
3. Automated queue management system
An automated Queue management system will help service providers to manage customer efficiently. The system can ease customer flow management which is useful for the manager of the Exchange provider. The purpose of this project is to develop an Automated Queue Management System for organizing queuing systems that can analyze the queue status and take decisions about which customers to be served first.
4. Integration of Hyper Ledger Blockchain
In Finance, hacking and laundering is the main threat for the Service Provider. Hence Business Software India builds Exchange Software in such a way so that the Private Blockchain Integration with Hyperledger Technology builds Permissioned Blockchain to monitor completely by the Exchange owner.
Other than these, this exchange uses Multiple DLT Technologies, Complete Re-write in Go language and C++, and can exchange live data. With our white-label exchange software, you can create your brand and business to its full success. Our blockchain dev team will provide you 24×7 tech assistance. This is the perfect solution for your 360-degree scope that you may require.