Market:

The global financial system is transitioning towards Central Bank Digital Currencies (CBDCs) with over 114 countries exploring CBDCs. The market is projected to grow from 100 million in 2023 to 213 billion by 2030, driven by operational resilience needs post-bank collapses (e.g., SVB, Credit Suisse) and demand for offline-capable payment systems.

Problem:

Existing QR-based payment systems (e.g., Alipay, Venmo) rely on internet connectivity, failing during outages or disasters. CBDCs require cash-like resilience, including offline functionality, privacy, and universal accessibility.

Solution:

iBonus’ Offline Distributed Ledger Technology (DLT) enables QR payments to operate offline, ensuring uninterrupted transactions. It integrates with existing infrastructure, maintaining user transparency.

Innovative Technologies:

• QR-BLE-QR: NFC alternative compatible with 100% of smartphones, overcoming vendor-specific BLE limitations.
• Second-layer blockchain: Dual digital certificates (VCDC for user identity, TDC for transaction data) secure offline transactions.

Features:

• Offline functionality during connectivity breaks.
• Supports all smartphones (no NFC dependency).
• Handles peak traffic and ensures privacy/AML compliance.

Recognitions:

• Awards: Hong Kong Smart City Awards (2018), Juniper Research Gold Winner (2020).
• Patents granted in China and are pending in the US and Singapore.
• Collaborations with HSBC, Bank of Thailand, HKMA, and Ripple’s CBDC Innovate.
• Government-funded projects ( ITC ESS grants).