Customer Testimonials
“BlockCypher’s Ethereum APIs give us the ability to deliver differentiated blockchain solutions for our clients. Integrating the capabilities of Ethereum onto a demonstrated platform and our industry experience give us the ability to offer client solutions across many blockchains.”
- Eric Piscini, Principal and Global Financial Services Blockchain Leader, Deloitte Consulting LLP
“There are only a handful of companies that provide [blockchain] services. BlockCypher is excellent. Their product is simpler to implement and works better than other services. We also think highly of the team. We will continue to need more services to interact with the Blockchain, and we’d much rather use BlockCypher’s services than build our own.“
- Wences Casares, CEO Xapo
"BlockCypher's dedication to customers' needs and the strength of their platform is a major benefit for us. This latest Ethereum release further demonstrates their strong commitment to reliably supporting any blockchain."
- Bill Barhydt, CEO and Founder, Abra
With BlockCypher, we have a team of experts working on the most crucial part of exchange, which is processing payments. We tried other solutions, but only BlockCypher does it right.
- Rodrigo Souza, CEO Blinktrade
BlockCypher has been very easy to implement. It is very cost effective and saves us the headache of building our own tools for processing blockchain transactions. We are happy to have the chance to work with the helpful, easy and robust BlockCypher product and team
- Elizabeth Rossiello
B2B Payments
Challenges
- High transaction fees
- Slow processing
- Need to quickly identify fraud
Solution
- Blinktrade provides platform for instant transactions on blockchain
- BlockCypher quickly identifies fraud and transactions likely to confirm
Benefits
- Users receive credit to trade immediately
- Faster deposits
- 33% in cost savings due to automation
- Fraud identified
P2P Payments
Challenges
- High transaction fees
- No single P2P platform
- Lack of good testing environment
Solution
- Abra enables P2P payment anywhere in world
- BlockCypher provides notifications (e.g. for payments) and test environment
Benefits
- Users protected from market volatility
- Faster deposits
- 30% development cost savings from using BlockCypher’s test environment and notifications
Identity Management
Challenges
- High cost of fraud ($B)
- Privacy
- Ease-of-use
Solution
- User manages identity (e.g.biometrics) on Shocard mobile app
- BlockCypher publishes identity to blockchain
Benefits
- 6 months saved in ramp up time
- 35% costs saved in development
- Increased scalability and reliability
- Improved code maintenance
Faster Payments and Rewards
Leading Global Payments Processor
Challenges
- Legacy infrastructure
- Anti-fraud catch up
- Lack of preventative, monitoring systems
- Expensive, slow onboarding
Solution
- Faster, more secure and user-friendly digital payments
- BlockCypher Ethereum APIs used to process payments, fraud checks
Benefits
- $5.2M in fraud prevention
- $2.2M in salary savings
- 35% faster time to market
- Improved code maintenance
Cybersecurity
US Department of Homeland Security
Challenges
- Hackers increasingly take over desktop and mobile devices
- Ransomware $1B crime in 2016
Solution
- Real-time analytics to prevent fraud
- Monitoring to detect fraud patterns
- Advanced visualizations for analysts
Benefits
- Prevent fraud
- Reduce false positives
- Identify sources of fraud
Payroll
Challenges
- Long wait times 15+ days
- High transaction fees 10+%
Solution
- Bitwage provides platform for payroll and invoicing
- BlockCypher validates addresses, identifies transactions likely to confirm
Benefits
- Faster time to market
- Payments within 2 days
- 30+% in cost savings due to automation
- Faster clearing and settlement
FX and Mobile Money Accounts
Challenges
- High FX costs for African currencies
- Mobile money accounts, rather than bank accounts are used for payment
Solution
- Bitpesa converts a company’s currency into local currency, on mobile phones
- BlockCypher provides payment confirmations on the blockchain
Benefits
- Reduced development time
- Increased scalability and reliability
- Improved code maintenance
Fighting New Types of Fraud
Leading Global Payments Processor
Challenges
- New account fraud increased 113%, now 20% of all fraud
- 72% of loyalty program managers experiences issues related to fraud
Solution
- Prevent fraud
- Reduce false positives
- Protect company reputation
- Increase understanding of buying patterns
Benefits
- Real-time analytics to prevent fraud
- Monitoring to detect fraud patterns
- Advanced visualizations for analysts
KYC and Onboarding
Challenges
- Duplicate efforts in onboarding
- Manual reconciliation of false positives
Solution
- Eliminate duplicate onboarding processes
- Reduce required changes to internal systems that cost millions
Benefits
- 40% reduction in penalties
- 10% reduction in onboarding costs
- 20% reduction in transaction monitoring
Loyalty and Digital Identity
Challenges
- Customer retention and digital motivation
- 72% of loyalty programs experience fraud issues
Solution
- Loyalty programs with
- Digital identity and reputation
Benefits
- Reduced liability and fraud
- Faster transactions and reconciliation
- Lower support costs
- Increased repeat business
Trade Clearing and Settlement
Challenges
- Multiple versions of a trade
- Long settlement times
- Operational risks
Solution
- Reduce trade errors
- Streamline back office functions
- Shorten settlement time
Benefits
- Reduction in expenses
- Capital savings
- Development and operation cost savings
Mobile Identity and Payments
Challenges
- 100% increase in identity theft
- High fraud costs
- High transaction fees
Solution
- Tamper proof identity and data communication
- Payment confirmations on the blockchain
Benefits
- Increased security in identity verification
- Standardization
- Fraud, operations and compliance reporting
For more in depth case study
Featured Customer Stories
Detailed case studies and white papers available upon request: [email protected]
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