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Development of a Blockchain-Integrated Payment API and Mobile Payment Applications
  1. case
  2. Development of a Blockchain-Integrated Payment API and Mobile Payment Applications

Development of a Blockchain-Integrated Payment API and Mobile Payment Applications

ironin.it
Financial services
Information technology
eCommerce

Identifying Challenges in Secure and Scalable Digital Payment Systems

The client faces difficulties in providing a secure, scalable, and real-time digital payment platform that supports peer-to-peer cryptocurrency transactions, integrates seamlessly with existing messaging systems, and ensures compliance with international security standards such as ISO:27000. Additionally, they seek to develop mobile applications that streamline sales processes and improve customer experience while maintaining high security standards.

About the Client

A mid-sized fintech company seeking to enhance its digital payment infrastructure with secure, blockchain-based transaction capabilities and mobile solutions.

Goals for Developing a Blockchain-Enabled Payment Platform and Mobile Solutions

  • Develop a robust API capable of interfacing with blockchain networks for secure data exchange, cryptocurrency transfers, transaction history access, and user registration.
  • Create hybrid mobile applications for iOS and Android that facilitate secure mobile payments, enhance customer engagement, and simplify point-of-sale transactions.
  • Implement integrations with external messaging and communication systems to enable real-time system updates and seamless data flow across modules.
  • Upgrade existing data storage systems to meet international security compliance standards and improve operational scalability.
  • Ensure the payment system performs reliably with instant transaction processing and high availability.

Core Functional Specifications for the Blockchain Payment System and Mobile Apps

  • API for blockchain communication to process secure cryptocurrency transfers, retrieve transaction histories, and manage user data.
  • Hybrid mobile applications (iOS and Android) for secure payments and POS transactions.
  • Integration with messaging systems such as message queues to support real-time data exchange.
  • User management module that registers and authenticates users securely.
  • Mobile payment features that facilitate quick, secure transactions for customers, merchants, and banks.

Preferred Technologies and Architectural Approaches

Elixir for scalable backend service development
PostgreSQL for secure, reliable data storage
Kubernetes for container orchestration
React and React Native for cross-platform mobile development
Google Cloud Platform (GCP) for hosting and infrastructure

Necessary External System Integrations

  • Blockchain networks for cryptocurrency transactions
  • Asynchronous messaging systems (e.g., Pub/Sub) for real-time communication
  • Security standards compliance protocols
  • Existing financial systems or banking APIs for account integration

Critical Non-Functional System Requirements

  • High scalability to support increasing transaction volumes
  • Instant transaction processing with minimal latency
  • ISO:27000 security compliance for data protection
  • High availability and reliability in mobile and web applications
  • Secure user authentication and data encryption

Expected Business Outcomes and Project Value

The developed blockchain-enabled payment API and mobile applications will enable the client to offer instant, secure cryptocurrency transactions, improve user experience with seamless mobile payment options, and achieve high system reliability. This will support scaling operations, enhance security compliance, and position the client as a leader in innovative digital payment solutions, ultimately driving increased user engagement and transaction volume.

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