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Development of Blockchain-Powered Payment Platform with Mobile Applications

ironin.it

Financial services

Information technology

Challenges in Implementing Secure and Scalable Blockchain Payment Solutions

Need to enable secure cryptocurrency transactions through a compliant payment system while maintaining scalability, developing user-friendly mobile applications, and integrating with existing infrastructure to support multiple user groups.

About the Client

A fintech innovator leveraging blockchain technology for secure peer-to-peer cashless transactions across citizen, merchant, and banking user groups

Strategic Goals for Blockchain Payment System Enhancement

Develop a secure API for blockchain data communication and cryptocurrency transfers
Create hybrid mobile applications for payment processing and PoS functionality
Achieve ISO:27000 compliance for data security
Improve system scalability through Elixir codebase migration
Integrate with asynchronous messaging systems for real-time communication

Core System Functionalities for Blockchain Payment Platform

Blockchain API integration for transaction processing
Mobile payment applications for Android and iOS platforms
Transaction history tracking and reporting
User registration and identity verification system
Real-time messaging integration with Google PubSub

Technology Stack for Blockchain Solution Development

Elixir

PostgreSQL

Kubernetes

React Native

Python

Google Cloud Platform (GCP)

Kotlin

Swift

Critical System Integrations

Google PubSub messaging system
Blockchain ledger APIs
ISO:27000 compliance frameworks

Performance and Security Requirements

High scalability for transaction processing
Enterprise-grade security compliance (ISO:27000)
Real-time transaction processing (<1s latency)
99.99% system uptime SLA
Cross-platform mobile application performance

Expected Business Outcomes from Blockchain Implementation

Enables instant cryptocurrency transactions through a secure API, enhances merchant-customer payment experiences via mobile apps, achieves regulatory compliance through infrastructure upgrades, and supports business growth through scalable blockchain architecture.