Remiit ( REMI ) – Revolutionary Remittance Platform with Useful Components

The REMIIT platform is a revolutionary initiative as a catalyst for the development of more efficient and innovative payment and payment structures abroad and the provision of these services in each country. REMIIT intends to innovate in “what happens when we send and receive something” in a new perspective. This is where the REMIIT ecosystem, based on blockchain technology, is based. At the heart of money transfers / payments abroad is the currency of the money transfer process. REMIIT develops intellectual contracts REMIIT for the process to be effective. Each member of the REMIIT ecosystem is at the heart of a business relationship. To this end, REMIIT Smart Contracts (RSCs) with the REMIIT Gateway Protocol (RPGP) are combined into “payments” via a delivery platform. With this ecosystem-based infrastructure, each participant can create the many channels to solve existing problems. In the end, the boundaries of the previous monetary ecosystem will be overcome by the several channels, the market will grow and activities will be developed

Components of the Remiit Platform

They examine the situation in the remittances and payments abroad market and the need for the Eco REMIIT system. We will now explain in detail which services are compatible based on the component information mentioned in the solution

Remiit Smart Contract (RSC)

REMIIT creates its own smart contract blockchain contracts and provides the REMIIT Smart Contract (RSC) model, optimized for money transfer service providers abroad. The CSR model is developed after study of the REMIIT development team and suggestions and comments from several participants. This will continue to be updated in terms of the quantity and quality, by applying various mechanisms for the transfer of funds, such as free funding and collection, etc. At CBC, companies need to easily find models that are appropriate to their situation to improve specific conditions and needs. REMIIT also provides a low-level (scheduled) and high-level (customizable) interface, allowing participants to easily create RSCs and set conditions with the final destination by enabling RSC

RSC Store

The scalability of the REMIIT ecosystem is mainly based on the scalability of RSC. This scalability is represented in two ways. The first aspect of scalability is the ease of production and use. It is easy to use and has the desired conditions using a simple RSC model interface. In addition, participants can create and propose models of CSR. REMIIT will offer the opportunity to use CSR through several updates. The second aspect is the market function to support the scalability of the RSC used. The RSC model is different and the conditional RSC actually participates in the business. It is only when the contract is completed that the transaction continues. To do this, REMIIT provides storage space for RSC, and several connectors can offer or find the optimal RSC and conclude contracts. In addition, participants who are not linkers can use it to find the desired agreement. The RSC store is actually a business market

RSC communication channel

For each RSC contract, a separate communication channel is provided. This can be used in several ways, providing an interface and API for REMI portfolios. All transactions made during the transaction are recorded and sent on this communication channel, and participants can exchange messages about events and promotions

Reputation system

Transactions and CSR messages are written in the blockchain. This information can be used as objective data with reliability and security of the blockchain. The REMIIT reputation system provides transparent credit information to all participants on the basis of objective information with the reliability of the blockade and provides incentives through credit information. This system can be an important step in the transparency and security of third-party transactions in the REMIIT ecosystem

Remittance Service

Remiit Linker Protocol (RLP)

Links to various levels of experience can work on the REMIIT platform in their own way, based on your operational requirements. REMIIT Linker Protocol (RLP) is provided to support various interaction methods based on the level of Linker technical infrastructure freedom. Providing PDP has two main objectives. First of all, REMIIT provides a simple interface that allows Linker to work with various REMIIT components. Second, our goal is to define the standard communication protocol between connectors. Previously, links had to learn and use the service infrastructure created by other links to link their activities. As we saw earlier, Linkers are always asked to pay high prices in this ever-changing business environment. In this case, REMIIT aims to provide Linker tools to facilitate access to various components and standard interface definitions. We will provide various RLP services, and we will continue to grow with the growth of the Connected category. This diagram describes the architecture in which different contact groups are used

REMI Wallet

The REMI wallet can be defined as a client that manages REMI tokens. The interface will be through continuous updates to simplify the use of REMIIT services in a more intuitive way, as well as simple wallet functions

RSC management

The RSC control is similar to the “Favorites” function. Users can manage CSR, where they participate or are interested. This provides several functions to use RSC as a function to participate in CSR represented by links, acting as timelines, and so on

Linker management

Linkers are very important for users who send money abroad for efficient delivery. One of the main advantages of using REMIIT services is that you can check the transaction process transparently and choose a link exchange method that was previously not transparent. Using REMI’s portfolio management services, users can easily read the list of CSR offered by link and reputation indicators that reflect transaction history. In addition, users can actively participate in transactions

KYC Information Management

KYC information management is a function that connects to the KYC / AML solution described above. You can safely manage your personal information in your portfolio and approve access to information at the request of the linker

Reputation Management

Users can manage credit scores generated by transactions with chains. This function allows participants to manage their credibility and benefit from various benefits

REMIIT Payment

The REMI portfolio can be used as a payment instrument in itself. When buying products, direct payment services will also be equipped with electronic devices ( smartphones, etc )

The Conclusion

The REMIIT platform is a revolutionary initiative as a catalyst for developing more efficient and innovative structures for sending money and payments abroad and providing these services in each country

For more :

https://remiit.io/

https://remiit.io/static/remiit/images/Whitepaper_REMIIT_Eng.pdf

https://t.me/remiithttps://www.facebook.com/remiit.io/

https://t.me/remiit

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