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XIPHIAS holds the promise of transactional transparency!

Authored by : Bohitesh Misra – Co-founder and COO& CTO, Xpay.life (First Blockchain enabled Utility Bill Payment gateway)

Blockchains are the most important technological innovation since the internet or a solution looking for a problem, wherein the decentralized ledger consists of linked batches of transactions known as blocks and an identical copy is stored on many computers. Based on a distributed, peer-to-peer (P2P) topology, blockchain or distributed ledger technology (DLT) allows data to be stored globally on thousands of servers – while letting anyone on the network see everyone else’s entries in real-time. That makes it difficult for one user to gain control of, or game, the network. 

For businesses, however, blockchain holds the promise of transactional transparency – the ability to create secure, real-time communication networks with partners around the globe to support everything from supply chains to payment networks to real estate deals and healthcare data sharing.

XIPHIAS Software Technologies Pvt. Ltd. is a leading Touch Screen Kiosk manufacturing company in India that provides a turnkey solution to its users, including hardware and software as an embedded solution. The company works on AMBIC Model, which stands for Artificial Intelligence, Mobility, Blockchain technology, IoT and Cloud based solutions in the form of Infrastructure as a Service (Iaas), Platform as a Service (PaaS) and Software as a Service (SaaS). XIPHIAS is also a Fintech leader that simplifies the transaction and end-to-end customer journey through ‘one-click’ processing for transactions in digital channels.

Xpay.Life – Blockchain based Utility Bill Payment services

The signature product of XIPHIAS is Utility Bill Payment through Touch Screen Kiosk, Web and Mobile App for iOS and Android and POS device using cash and online payment channels through Xpay.life. 

Figure 1: Mobile POS for utility bill payment in rural areas

Keeping up with technology in the industry, recently XIPHIAS has launchedBlockchain secure Payment Gateway, which ensures that comes with an enhanced security and faster settlement processes which further improves traceability and transparency in the payment.

Figure 2: Blocakchain enabled Utility Bill payment gateway Xpay.life

Needless to say, ubiquitous smartphone use has changed the way consumers engage with brands. Consumers are empowered to take their own journey through each shopping experience and transaction, all the way up to POS. Now, consumers have encountered self-checkout Kiosk in retail sector.To be in trend and serve the customers’ needs in a better way, XIPHIAS manufactures IOT based Self-Check-Out Kiosk and people are using it widely. These are huge numbers, and multiplied across the globe, it’s massive. XIPHIAS has installed many Self Check out Kiosks at Praxi Retail.

Self-Check-Out Kiosk has become much popular due to its safe transactions. Digitisation of payments presents a large opportunity in the Indiancontext. As per Google – BCG Report, it is estimated that the total payments conducted via digitalpayment instruments will be in the range of USD 500 billion by 2020,which is approximately 10X of current levels. Person to merchant(P2M) transactions driven by digital payments at physical point ofsale, followed by business to business (B2B) and peer to peer (P2P)transactions are expected to be major contributors of growth.

Figure 3: Blockchain based retail Self-checkout kiosk

IoT based Self-checkout kiosk has emerged as an undisputed hero of the retail sector by not only offering the benefits to the retailers but also for providing enthralling shopping experience to the customers. IoT based self-check-out kiosk facilitates customers to select their own items, bags them and complete the transaction without any assistance from any sales person. This self-check-out kiosk has truly shine in managing the long queues efficiently.

Self-checkout kiosks have evolved tremendously and businesses are deploying it for billing, managing long queues, cash management and much more. Self-checkout kiosk is not only about handling transactions but nowadays, retailers are offering different modes of payments including mobile application-based payments through QR code embedded on the products, contactless payments through NFC or such other means. This AI based Self-Check-Out kiosk enables customers to check out as and when they want instead of waiting for their turn to come in a long queue.

XIPHIAS offers user-friendly interface of touch screen kiosk that enhances the experience of customers and they prefer it over the counter system. The kiosk is equipped with multiple modes of payments and also keeps a track of the customers’ previous purchases and preferred promotions using AI.

BISET – Blockchain & IoT based Safety Training Kiosk

Apart from Self Check Kiosk, XIPHIAS also manufactures Safety Training Kiosk called BISET (Blockchain & IoT based Safety Training Kiosk). BISET is the world’s first Robotic Kiosk for Online Safety Training powered by Blockchain & IoT, which can be used by any organization where employee’s security know-how is of critical importance. The entire solution will be based on the most unique non-tokenized private Blockchain providing strong authentication and data encryption for the enterprises ensuring Cyber Security. Not only this, it will also issue a hashed certificate on passing the course using blockchain.

The concept is based on Blockchain Technology, whose distributed database is running on multiple servers that continually checks the security and integrity of each record. Blocks chained by hash values and incentivized proof of work provide a foundation for distributed trust in the blockchain. Each block is time stamped and linked to previous blocks, using cryptography to ensure the data is immutable and tampered -proof.

Contrary to the most popular use case, blockchain technologies don’t only secure financial transactions – in fact, they can be used to track and verify any kind of digital asset, as well as code or smart contracts such as medical records, and in our case examination records.

XIPHIAS addresses the basic problems of integrity, honesty, consideration, accountability and transparency in the training and certification system. It redefines the way we take the online courses by providing a trusted mechanism of managing the details of the candidates as well as the examination. All the information is secured using cryptographic techniques and stored in a private blockchain which can be accessed only through a key thus ensuring that the data has not been tampered and is immutable.

By rendering a hashed certificate at the completion, we ensure that no one can make copies of the certificates and thus we safeguard the authenticity of the course and the organization.

This innovation will benefit many industries that would want to impart any training to their employees. To name a few, it can be any security training, management training, subject training, induction training, public speaking training, PR training which the organization wants the employees to undertake as per policies and industry standards.

BISET based solution is World’s First Robotic Kiosk for Online Safety Training powered by IoT, that addresses the basic problems of integrity, honesty, consideration, accountability and transparency in the training and certification system in an organization. 

BISET redefines the way employees are taking the online courses by providing a trusted mechanism of managing the details of the candidates as well as the examination. All the information is secured using cryptographic techniques and stored in a private blockchain which can be accessed only through a key thus ensuring that the data has not been tampered and is immutable.

By rendering a hashed certificate at the completion, we ensure that no one can make copies of the certificates and thus we safeguard the authenticity of the course and the organization. It issues a hashed certificate on passing the course using blockchain.

Figure 4: BISET based safety training kiosk

XIPHIAS has deployed BISET Kiosks in Coca Cola in different states such as Sanand, Pune, Goblage, Siliguri, and Bangalore.

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