Case Study: a large retail electronic company achieves faster, more secure payments and settlements with Persistent Systems and R3 Corda blockchain

Retail Electronic Payments and Settlements using blockchain consortium

Persistent Systems helped a large retail electronic company address scaling and settlement challenges in its retail payments infrastructure. The client needed a more reliable and transparent way to handle high transaction volumes, concurrent interactions, and fraud risk across a non-unified payments platform.

Using R3’s Corda blockchain technology, Persistent Systems built a cloud-native, microservices-based platform to unify payments orchestration, clearing and settlement, and disputes management. The solution improved reliability, speed, liquidity risk management, and reduced total cost of ownership, while achieving 4300 TPS with high availability on a blockchain platform.