The Boris case

Persona in a underbanked region

Imagine Boris a 25 Years old, living in a city in west Africa (you can guess Abidjan for example). Boris has several businesses and he is always looking for new ways to increase his revenues. Boris sells goods and services like shoes, local food or other kind of services when he has the opportunity. He likes to learn about new skills, and new trends, he meets his friends and partners all the time since he is active. But there is an issue, he can not buy what he wants, where he wants.

Boris wants to buy or offer goods and services on platforms like Amazon, Jumia, baara.com and others easily and play games online. At this time being you have 5.4 million potential Boris just in a single country like Ivory Coast for example (in west Africa).

For Boris it is slow and expensive to get paid from abroad because Boris has no bank account. Boris has no or limited access to banking but he has a mobile phone. He uses mobile money networks to send and receive digital payments like 1.1 Billion people in the world, but the young entrepreneur is still limited.

Currently :

• Limited accounts = Hard for cross-border transactions + Discouraging process to access the money + High costs to move the money. CAURIS can fix that by using digital assets.

• Current solutions = High inflation + Poor suitable savings proposal + Geographic hindrances + No DeFi. CAURIS can fix that by offering easy access to defi.

Boris is missing the opportunity to increase his revenue by getting into the multibillion($) internet business, the opportunity to cut payment costs and time thanks to existing new technologies. Boris might need to use defi services to widen his range of opportunities. There are billions of Boris on our planet. CAURIS addresses this opportunity by providing user-friendly web3 services app to access DeFi (Decentralized Finance), transfer or grow assets easily, and participate in the emerging digital economy.

Servichain build tools like CAURIS Wallet to help Boris access financial services and defi just from his mobile phone. Boris will use digital assets to pay and get paid for less than a penny, he can monetize his data and have access to several opportunities worldwide with few clics. It is secure, faster more transparent and accessible no matter your region. CAURIS is aiming to interact with online platforms, local merchants and creates a bridge between the world and internet webs. By interacting directly with the decentralized ledgers CAURIS cut intermediaries, reduce transaction fees for the user and offer accountability of funds and expenses with no bank account or a central trust entity needed to store your fund. In addition, anyone can be onboarded in 3 minutes for free and get a digital asset wallet with no need of heavy processes, eye scans or others since the wallet is owned by the user and Servichain does not manage user's funds and don't need to know about your DNA, eyes color or any kind of similar information without your consent.

Implementation: Boris and the power of decentralized ledger

Boris runs a small business selling handmade locally and goods online. He often struggles with the high fees and slow processing times of traditional systems, which can hit into his profit margins and create cash flow issues. However, with the help of blockchain technology, Boris is able to receive payments from customers quickly and securely, without relying on a third-party intermediary no matter where he is. The transparency and immutability of blockchain transactions also gives him peace of mind, as he can track every transaction on the ledger and ensure that his records are accurate. Overall, blockchain technology has helped Boris streamline his business operations and reduce costs, allowing him to focus on what he does best - serve his clients.

Boris is a small business owner who has struggled to obtain a loan from a traditional bank due to their strict requirements and long approval processes. However, with the advent of decentralized ledgers, Boris now has access to a wider range of financing options from various decentralized finance (DeFi) platforms. This is where the concept of a new web supporting dApps (Decentralized Applications) becomes interesting in terms of use case.

Decentralized ledgers offer several advantages that make it easier and more flexible for small business owners like Boris to obtain financing. For example, blockchain technology allows for instant verification of transactions, eliminating the need for lengthy approval processes and reducing the risk of fraud. This means that Boris can access the funds he needs much more quickly and efficiently than if he were to go through traditional processes.

Furthermore, the decentralized nature of these ledgers means that they are not controlled by a central authority, such as a bank or government, but rather by a network of participants. This creates a more transparent and accessible financial system that is open to anyone with an internet connection, regardless of their location or financial status. For Boris, this means that he has access to a wider range of lending and fundraising options, as DeFi platforms are not limited by the same geographic and regulatory constraints as traditional systems for now.

Finally, decentralized ledgers often offer lower fees than traditional banking systems, as there are no intermediaries involved in the transaction process. This means that Boris can save time and money on transactions and funding, which is significant for small business owners and individuals.

Overall, the advantages of CAURIS leveraging decentralized ledgers offer significant benefits for people, for small business owners like Boris, making it easier and more flexible for them to obtain financing through decentralized finance and access the financial services they need to grow and succeed. All this and much more are possible thanks to the new web humanity is building on top of decentralized ledgers.

Servichain is leading the way with CAURIS

The CAURIS Wallet, powered by the UNITY token (UNY), is a game-changer for individuals like Boris and businesses alike. For Boris, the wallet offers a simple and flexible solution to manage his finances in a decentralized and secure manner. With CAURIS hybrid technology, he can interact with multiple blockchains, use financial services with tokens at a cheaper cost, and retain full control over his assets. This means that Boris can easily manage his finances, exchange tokens, and interact with local businesses and institutions that accept cryptocurrencies, all while enjoying greater ownership and independence over his finances. Boris has interest to monetize his data and increase his use of CAURIS to earn UNITY (UNY) tokens and participate to the growth and evolution of the Servichain DAO.

But it's not only individuals who benefit from the CAURIS Wallet. Businesses can also leverage the power of this solution to interact with customers and transact in a fast and secure way. With the ability to create custom tokens and smart contracts, businesses can easily create their own loyalty programs or issue their own digital currencies, driving customer engagement and loyalty. If the business is not willing to use its own tokens, it can use UNITY for its community. Additionally, businesses can use the CAURIS Wallet to interact with decentralized applications and access new markets, providing them with increased flexibility and new opportunities for growth.

The combination of the Servichain ecosystem and the CAURIS Wallet is a powerful force for financial inclusion and flexibility in a decentralized world. By providing transparency, participation, simplicity, and connection to local infrastructures, Servichain is leading the way with CAURIS in driving financial inclusion. Moreover, the ecosystem's commitment to shared governance ensures that individuals like Boris have a say in the management of the ecosystem and rewards for his participation, ensuring sustainability and stability in the long run. Overall, the Servichain ecosystem use the CAURIS Wallet to provide individuals and businesses with a powerful solution to take in hand the decentralized world and get familiar with the benefits of dApps.