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How to boost your business with the programmable euro

What keeps corporates from boosting their business and entering into valuable partnerships

$110 BILLION EURO OF ILLIQUID CAPITAL IN DE, FR, UK, PL, TUR AND CHN

Primarily “frozen capital” in the manufacturing industry

Manufacturing industry is a key wealth producing sector of the industry

OPACITY REGARDING MULIPLE TRANSACTIONS WITH BUSINESS PARTNERS

Limited international cooperation with cross-border payments

Asset-finance and programmable money plays an important role to streamline business processes

56% OF PAYMENT PROVIDERS WORK ON NEW TECHNOLOGIES

Strong international competition entering national markets

Fragmented solutions and lacking interoperability and automation causes for the clients

CURRENT SITUATION - There is no blockchain/DLT system that offers traditional currencies complying with all required licenses to enable programmable money

MEANS

There is a variety of traditional currencies used for transactions every day, minute-by-minute; hence, EUR and USD is required not Bitcoin or cryptos

TECHNICAL PREREQUISITES

In order to execute smart contracts denoted in EUR, USD, CHF a distributed ledger infrastructure is necessary but so far not existing

PROCESSORS

There are hundreds of banks and exchanges where you can trade and exchange these currencies.

SOLUTION - The Euro is programmed for you

integration into existing systems through IBAN/wallet gateway. Transfer of EUR on chain via IBAN.

Transform EUR, CHF and USD with tokens into programmable money for smart contracts

Backed by compliant e-money license with EU law framework

Creating a platform with distributed ledger technology that offers traditional currencies allowing smart contract execution while complying with regulatory requirements (E-Money license).

HOW - Six Line combines Euro and blockchain technology with an E-Money license to allow programmable, fast, automated, transparent secure payments

IBAN/wallet bridge

Six Line does IBAN/wallet mapping, meaning that the payments to an IBAN are transferred into a specific wallet

E-Money instead of crypto

The use of E-Money eliminates downsides of cryptocurrencies; blockchain improves usability of E-Money. Accounting & taxation easier as with cryptocurrencies

USE CASES - With our vision and focus of activities, we can enable a variety of use-cases in multiple industries

The Euro blockchain offered by Six Line can be used for new business models, e.g. automated transactions and smart contracts between a weather service, where sensors automatically sell data for Euro.

Connecting sensors of supply silos directly with automated purchasing processes. Silos will re-stock themselves and conduct automated payments denoted in Euro with Six Line.

Allow IoT devices and machines to handle secure and instant payments with a E-money license. Enabling logistics use cases.

Payments between vehicles in traffic – utilizing Six Line to allow IoT devices integrate with Euro-denoted smart contracts. This allows autonomous vehicles to pay, bill and receive Euro in an automated way.