GLN International broadcasts transaction data from each partner to each node. Because Blockchain participants simultaneously store identical transaction data, swift, accurate settlement without additional reconciliation is possible.
Customers access to GLN for Coupon mall, On/Offline Payment and Transfer service through local loyalty membership App from each country
Verifying and updating process jointly carried out for each transaction and store identical transaction record
Bank Network Layer
Blockchain node, according to transfer message from Smart Contract, carries out settlement through banking remittance
Our ultimate goal is the adoption of a digital currency settlement system to enable real-time completion of a transaction from start to finish.
Digital currency for settlement (referred to as ‘G Money’) provides real-time support from the start of a transaction through to reconciliation and settlement. The value of G Money does not change, and it can be readily converted to cash.
G Money guaranteed by prefunded amounts is issued and used for settlement among Blockchain nodes and is subject to issuance, purchase, transfer, sale, and disposal. USD or a local-currency G Money model can be selectively applied for prefunded currency, depending on whether it’s USD or the local currency of a partner,
With DLT and G Money systems, transaction, reconciliation, and settlement between GLN International and its partners will be completed in real time for each transaction.
Transaction and Reconciliation
Standard Interface (API) for GLN local partners’ IT development
GLN International adheres to API regulations and technology while considering the IT system environment of GLN local partners. It provides local partners different ways of accessing GLN services such as membership enrollment and integrated management. GLN International will continue to expand the GLN service functions and offer various APIs.
Types of GLN API
Customers can easily sign up for GLN services
Customers can manage their currencies and check their transaction records in real time
Customers can transfer virtual currencies to other GLN customers
Customers can make virtual currency payments at GLN local partner merchants’