WorldWideBlockchain : SourceLess Blockchain Whitepaper v1.2

SourceLess Community Blockchain

SourceLess Blockchain : WorldWideBlockchain

Ver. 1.2 │ Published October 2021 │

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This White Paper is done for information purposes only. does not guarantee the accuracy of the conclusions reached in this White Paper, and this White Paper is provided “as is”. does not make warranties, express, implied, statutory, or otherwise, whatsoever, including, but not limited to:

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Important Notice

This whitepaper is not endorsed by any government authority. It is only available on the site of and may not be redistributed, reproduced, or passed on to any other person or published, in part or in whole, for any purpose, without the prior written consent of SourceLess Inc.

This whitepaper, or any part of it, must not be taken or transmitted to any country or territory where its distribution or dissemination is prohibited or restricted. Any private persons or legal entities who come into possession of this whitepaper must inform themselves about and observe any relevant legal or regulatory restrictions they may be subject to and seek all necessary professional advice.


Disclaimer. Important Notice

SourceLess Inc. Vision

SourceLess Inc Mission

Overview of the Industry

Forward Looking


Blockchain Technology

Features of Blockchain Technology

What is a Public Blockchain

What is a Private Blockchain

Definition of SourceLess Hybrid Blockchain

Hybrid Blockchain in Real World

Verifiable Transactions

User Friendly

The anonymity of the Public State


Hybrid IoT

Finances and Global Trade


How can Blockchain overcome the challenges in Banking?

Challenge: Inefficiency in handling records

Challenge: Consistent Supervision

Challenge: High Payment Cost

Challenge: Time Consumption

Use-cases of Blockchain in the Banking sector

Clearance and Settlement

Landing and borrowing

Accounting and Bookkeeping

Trade Finance

Making Credit Reports


Supply Chain


Business Services

Public Blockchain — definition

SourceLess Hybrid Blockchain

The STR web


Workflow — AppLess

Communication applied on STR.Domain

How Torrent works

Attributes in SourceLess Web

GPT-3 Open AI

Formwelt Vision

Our vision is to create high-quality Blockchain Hybrid Technology that combines security with comfort.

At we strive to become a recognized global leader in the Blockchain Industry segments where we operate. We want to become one of the best Blockchain providers around the world.

The cryptocurrency industry has been combining innovation with the best technologies. This is an area that has the latest developments and innovative technologies. But cryptocurrency is a new technology that is not fully regulated all over the world.

But because of the lack of regulation in the field of the cryptocurrency industry, there are a lot of fakes, scams, and manipulations. The cryptocurrency industry has a lack of trust. To solve the existing problems, Sourceless Hybrid Blockchain has developed a unique platform based on wNFT.

The platform is based on blockchain technology. It is reliable and protected from forgery of databases and we want to give some extra advantages to people by implementing GPT-3 Open AI and Formwelt into the platform.

Our vision is to provide a secure solution to store users’ data regarding their payments and personal information and give these users control over their individual funds in a common data system. The data in the system will be stored on the blockchain. Such data will be accessible through our secure application. With access to our application, users will be able to share information with other users. Mission

● To create a comfortable and secure Blockchain to meet the needs of all segments of society;

● To create a lasting impression on the users and strengthen the brand of SourceLess Inc.;

● To create a system of partnerships and representatives of around the world for the best promotion.

● To create a brand of SourceLess Hybrid Blockchain, which will be different from other brands of Blockchains and will provide the best services;

● To develop a useful application, needed for the best work on blockchain.

Appreciate every second of time and enjoy every moment earning with SourceLess Hybrid Blockchain.

Overview of the Industry

A more detailed graphic done by confirms this trend. It dates back to early 2013. During the whole period, there have been two noticeable spikes. The first one occurred between late November 2017 and the end of January 2018, when the number of wallets increased by 2.5 million. The second spike started in April 2019. From April 2019 to August 2019 almost 6 million new users have been registered.

The total number of wallet users on April 30 was 36,616,530, according to the data of The user count towards the end of April 2012 was less than 5,800. The difference represents an enormous increase in the number of people involved in the crypto space, despite all the setbacks along the way.

Another Survey was done by Statista Global Consumer Survey in June 2019. According this survey owning cryptocurrency is most popular in Turkey. Turkey has experienced high inflation in the last years. The depreciation of the national fiat currency (Lira) has resulted in cryptocurrencies popularity. 20% respondents in Turkey said they have used cryptocurrency. About 1000 respondents were surveyed in each country.

In June 2018, the US Federal Reserve Bank recognized cryptocurrency. Four cryptocurrencies were added to the Federal Reserve Bank of St Louis, one of twelve regional banks in the US central banking system. The four cryptocurrencies added were Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. US became of the core countries of the cryptocurrency industry. The using of cryptocurrency wallets in US is expected to remain strong. The increasing participation of other industries in blockchain is further expected to drive the growth of the market.

Remaining challenges of blockchain adoption and possible solutions

A growing number of companies have expressed their will to enter the blockchain arena. But after some number of years in which their focus was mainly on the benefits of blockchain in various areas, in terms of speed, costs, streamlined operations, and increased efficiency, their attention is now turned to the various challenges and bottlenecks that are preventing widespread adoption. In this blog, I will go into more detail about these bottlenecks and how the industry is trying to tackle these.


In general, technological advancements take a long time to mature and reach a stable form that can be introduced into the market. Like any technological innovation, blockchain will follow the same, slow trajectory of adoption over the coming years. Although there are many possibilities, it will still take some time to get rid of all the challenges and use them to get all the benefits it.

The list of Blockchain adoption challenges mentioned above clearly underlines the need for technological improvements. And the industry is very busy solving them. If we can fix these and remove the various bottlenecks, things will surely become more comfortable and trigger mass adoption.


SourceLess Hybrid Blockchain implements a positive aggressive strategy: to move and push the market. This means we want to reach all major markets around the world and cooperate with the leading local representatives to promote the SourceLess Inc brand.

We created a bounty & referral program that allows all registered users to get extra income inviting in SourceLess Inc.

We cooperate with the best local representatives to promote in different countries around the world and create local communities.

To promote SourceLess Hybrid Blockchain among the crypto community we will visit the main crypto events, thanks to which a lot of people will know about all advantages of SourceLess Inc.

We constantly improve our services. Our aim is to make the work of SourecLess Hybrid Blockchain maximum comfort and safety.

Blockchain Technology

Blockchain is not just a modern fashion word. Blockchain technology offers new opportunities and benefits to improve the existing processes. Everything that cannot be achieved in a centralized database can now exist in a decentralized one insecure form. The key point of blockchain technology is trust. The decentralized control of each cryptocurrency works through blockchain. A public transaction database functions as a distributed ledger.

All information recorded in the blockchain is stored in the public register. Anyone can check the information he/she is interested in. Data in the blockchain cannot be falsified or changed.

The principles of organization and features of blockchain technology are ideal in the case when the accuracy, security of data, and integrity. Blockchain technology is most suitable for long-term holding crypto assets.

A deep understanding of blockchain technology allows the team of SourceLess Inc to solve the problems of data storage and security of transactions.

Features of blockchain technology

Decentralization of blockchain technology. Thanks to it all information and personal data of users are not stored in one place. They are distributed around the world.

Safety of blockchain technology. Due to the decentralization, all the information in the blockchain database cannot be hacked, replaced or used for fraudulent purposes. Every user has a private key to his wallet. Nobody besides users of has access to the private keys to the wallets.

Accessibility of blockchain technology. Each interested user can enter information into the blockchain or check its availability.

Transparency of blockchain technology. All records in blockchain technology can be checked.

What is a Public Blockchain?

As the name suggests, the public Blockchain is public in nature. When the Bitcoin whitepaper appeared, the Blockchain was also mentioned in its public form. It also means that public Blockchain is open to everyone and anyone can participate.

However, the question is why would anyone join a public Blockchain? Here comes the incentive that a public Blockchain can provide. Instead, this improves the number of users, improving the health and growth of Blockchain. Bitcoin is doing exceptionally well.

For example, miners can participate and provide computing power to solve complex algorithms. By doing so, a transaction or block is exploited. On the other hand, miners are motivated because they receive Bitcoin for their work. There will always be users and workers in the environment of a public Blockchain to make it work smoothly. Fluidity is important and therefore stimulation maintains it.

Another example of a public Blockchain includes NEO, Ethereum, and so on.

Anyone, without limitations, can create a public Blockchain.

What is a private Blockchain?

Now that we have a clear picture of what the public Blockchain has to offer, let’s move on to the private Blockchain. As you might have guessed from the name, the private Blockchain is private.

In a private Blockchain, the parties limit the Blockchain’s access to its users. Users must have access to the network before they can use it. Also, access can only be taken from the authority that manages the private Blockchain.

Because it is a private Blockchain, things can change as they like. For example, the administrator may limit transactions based on their nature, speed, or intent. The control here gives the private Blockchain an excellent use case for companies or organizations that want to benefit from the technology of a Blockchain but in a closed environment.

Another thing to note here is that the private Blockchain is not completely closed to public access. They can be accessed according to what the administrator has established.

For example, Quorum is a private Blockchain that uses the Ethereum network. It uses a new consensus mechanism and also has strict confidentiality of transactions/contracts. J.P.Morgan is the creator of the Quorum. Other notable examples include Hyperledger and Corda.

In blockchain, we often hear about public vs private blockchain or open vs closed blockchain. You’ve also heard about permissionless and permission blockchains.

Many industries have already tapped into the blockchain magic. Thanks to offering a distributed ledger solution to recording transactions on a chain, its application benefits are practically endless. But to cater to all those different industries and uses, there are two different types of blockchain that each have their own story to tell.

Now and then, we go over the very meaning of some concepts often heard in the blockchain sphere. Our latest dive was into the differences between ICOs and STOs. Today, we turn to the public vs. private blockchain and map the characteristics that make them different.

Definition of SourceLess Hybrid Blockchain

SourceLess Hybrid Blockchain is best defined as a Blockchain trying to use the best part of private and public Blockchain solutions. In an ideal world, SourceLess Hybrid Blockchain will mean both controlled access and freedom.

The SourceLess Hybrid Blockchain architecture is distinguished by the fact that they are not open to everyone, but still offer Blockchain features such as integrity, transparency, and security.

As usual, the SourceLess Hybrid Blockchain architecture is completely customizable. SourceLess Hybrid Blockchain members can decide who can participate in the Blockchain or what transactions are made public. This brings out the best in both worlds and ensures that a company can work with stakeholders in the best possible way.

We hope you have a clear view of the definition of SourceLess Hybrid Blockchain. For a much better picture, we recommend checking out some SourceLess Hybrid Blockchain projects. XDC is one of those projects that takes advantage of both public and private Blockchain. It is created and managed by XinFin, a Singapore company.

Hybrid Blockchains lie somewhere between private and public blockchains, depending on their architecture. Therefore, to get a good understanding of hybrid blockchains, one must first understand the differences between private and public blockchains. As the name suggests, public blockchains are accessible to and managed by the public. Anyone can participate in the maintenance and governance of the blockchain. The most popular blockchain in the world, Bitcoin, is a public blockchain. Participators are typically rewarded in the form of block rewards for their contributions to the network to incentivize good behavior on the part of network peers. Since millions of users manage a public blockchain across the world in real-time, achieving consensus for a public blockchain is time-consuming and expensive. For instance, the consensus mechanism that Bitcoin uses, Proof of Work, relies heavily on wasteful computations for millions of devices to ensure security. By comparison, a private blockchain allows limited access to entities outside a trusted few who were involved in the creation of the private blockchain. Typically, private blockchains have administrators who can control the permissions of adding or modifying data on a private blockchain. The most popular private blockchains include the hyper ledger fabric which is being developed as a competitor to Ethereum by IBM and quorum, which is being developed by J.P. Morgan. Private blockchains are much faster than public blockchains because the network is managed by a handful of trusted nodes whose motives are clearly for the benefit of the network. Such trusted nodes typically belong to financial institutions or universities to maintain fairness and remain unbiased. Now, it is clear that each type of blockchain has its strengths and weaknesses. Public blockchains while being transparent and resistant to tampering are slow and expensive whereas, private blockchains are somewhat centralized but can deliver much higher throughput and speeds. As a logical step, hybrid blockchains combine the benefits of both of the blockchains while trying to limit the disadvantages. Therefore, with hybrid blockchains, we can employ a public blockchain to make the ledger accessible to every single person in the world, with a private blockchain running in the background that can control access to the modifications in the ledger.

Hybrid Blockchains in the Real World

One of the leading Hybrid blockchain platforms, XinFin, has developed a unique network for Ramco Systems for the management of supply chain logistics. XinFin completed its ICO earlier this year and had since developed its public-private blockchain on Ethereum (public blockchain) and Quorum (private blockchain). There are numerous benefits to using a hybrid blockchain like the speed of private blockchains combined with the security of public blockchains. The private blockchain is used to generate a hash of transactions which is later verified using the public blockchain.

Another real-world application of hybrid blockchains includes Ripple network and the XRP token. Ripple has regularly been criticized for its centralized nodes which can arbitrate transactions in the case of a dispute. But by adding a public blockchain to verify the operations of its private blockchain can make the network much more secure for its users.

Verifiable transactions

Even if the transactions are not made public but are still verifiable when necessary. Each transaction that takes place on the SourceLess Hybrid Blockchain platform can be kept private and always open for verification when needed. As the Blockchain is used, its most important aspect works here. Immutability. It ensures that each transaction is written only once and cannot be changed on time.

So, will it be secure in comparison to the public or private Blockchain? The answer is yes. Even if a set of people control it, they cannot change the immutability and security of transactions. They can only control transactions that are made public and that are not.

We all know that blockchain ledger is public and maintaining anonymity is a daunting task. Thus, we consider Bitcoin pseudo-anonymous. By pseudo-anonymity, we mean that a person will be linked to a public Bitcoin address, but no one will get to know the actual name or address. To explain this in simple words, suppose a person sends a sum of money, then the receiver will get to know that the sender is linked to a bitcoin address but will not know the actual address. Hence, we say that bitcoin or any other alt currencies are not entirely anonymous. There are various reasons for keeping everything hidden, the primary ones include:

● Company-specific information

● Law-enforcement related issues

● Maintaining privacy

To explain this in simple words, I can say that in its system keeps on chaining the address for a given wallet. This discourages the ability to trace payments done to a particular wallet. Some of the other platforms like Private Instant Verified Transaction (PIVX) make use of the mixing mechanism to attain anonymity.

User friendly

Once a user receives the grant to access the SourceLess Hybrid Blockchain platform, he can fully participate in the Blockchain’s activities. It shares equal rights to make transactions, view them or even attach or modify transactions. However, one thing that is kept secret is the identity of the users from the other participants. This is done to protect user privacy.

When a user trades with the other user, then only his identity is revealed by the party he is dealing with. To ensure that the above identification process is done correctly, companies and organizations perform KYC (Know Your Customer) to make it work. In particular, financial institutions must manage it correctly, as they cannot allow the transaction to be performed by a user who is not entirely familiar with the Blockchain.

The anonymity of the Public State

Even when the SourceLess Hybrid Blockchain has limited anonymity for users participating in the network, public anonymity is still maintained. In this way, no one outside the network can know about users. This leads us to an interesting intersection of both public and private systems.

The hybrid network provides all the critical features of a public Blockchain, such as secure, transparent, immutable, and decentralized, but also restricts the ability to access, view, or change transactions in any way. Also, not everyone can use the network, which ensures that confidential information does not leave the network. Thus, SourceLess Hybrid Blockchain promotes more security because it uses both features.

Let’s verify the advantages of SourceLess Hybrid Blockchain.

Advantages of SourceLess Hybrid Blockchain

Blockchains are achieving popularity for their applications. The world has beheld a formidable interest in Blockchain. Across various industries and nations. It is an empowering enterprise, government, and other organization. To handle their better workflow and improve their systems with the best solutions. To dedicated blockchain labs showing up in both merchandising and federal institutions. Or too many consortia esteemed for solving major challenges of their industry. Each one can use blockchains as a store of wealth that is beyond the control of governments and hackers. Publically, blockchains are being used to design. For preferable systems for logistics, finance, and governance. The power is getting from the fact that the data is stored on blockchains. Are resistant to tampering and are transpicuous. Available for all the users to access. Here’s a look at why hybrid blockchains are required and how they can solve real-world problems.

Now we know what SourceLess Hybrid Blockchain is. We also have a clear understanding of other types of Blockchain: private and public. Now it’s time to list the benefits of SourceLess Hybrid Blockchain and what it has to offer.

It works in a closed ecosystem: the number one advantage of SourceLess Hybrid Blockchain is its ability to work in a closed ecosystem. This means that companies or organizations do not have to worry about leaking their information when taking advantage of Blockchain technology.

Change the rules when necessary: companies are changing. The good news is that SourceLess Hybrid Blockchain needs to change. The change depends on what the SourceLess Hybrid Blockchain is trying to do. However, do not expect to change the data or change the transactions in a hybrid system that manages the band register or user identity for verification purposes.

51% attack protection: unsourced hybrid Blockchain is immune to a 51% attack because hackers cannot access the network to carry out the attack.

Protecting privacy while still communicating with the outside world: Even though the private Blockchain is best for privacy issues, they are limited regarding communicating with the outside world. Many companies may want to maintain confidentiality, but need to set up their Blockchain so that they can communicate with all their shareholders, including the public.

Low transaction cost: another added benefit of using SourceLess Hybrid Blockchain is that you have a low transaction cost. Transactions need to be cheap because it requires a few nodes to check them. The strongest nodes in the network make it easy to verify the transaction, which can take thousands of nodes in the public Blockchain. Transaction fees can be reduced to as much as $0.01 per transaction.


The dense control exercised by governments atop certain markets is not going to dematerialize anytime soon. At the instant, it dramatically limits the authorization of blockchain technology. In sectors like global finance and infrastructure development. XinFin’s project is fascinating in this deem. Because it is the first to design a genuinely functional hybrid blockchain. That could meet the needs of such highly regulated markets. The development of a hybrid blockchain could be crucial. A step toward mainstream adoption of decentralized technology.

For a better understanding, let’s now move on to some of the use cases for SourceLess Hybrid Blockchain.

Hybrid IoT

The first use case we want to discuss is Hybrid IoT. The Internet of Things can be difficult to manage with a complete public Blockchain solution, as it will provide hackers with free data for mapping nodes or even hacking them. With SourceLess Hybrid Blockchain, devices can be placed in a private network with access to those who only need them. Some aspects of the network can be made public depending on the data to be shared. A hybrid approach can solve many security issues.

From its early days, the Internet of Things (IoT) has evolved into a decentralized system of cooperating smart objects with the requirement, among others, of achieving distributed consensus. Yet, current IoT platform solutions are centralized cloud-based computing infrastructures, manifesting a number of significant disadvantages, such as, among others, high cloud server maintenance costs, a weakness for supporting time-critical IoT applications, security, and trust issues. Enabling blockchain technology into IoT can help to achieve a proper distributed consensus-based IoT system that overcomes those disadvantages. While this is an ideal match, it is still a challenging endeavor. In this paper, we take the first step towards that goal by designing Hybrid-IoT, a hybrid blockchain architecture for IoT. In Hybrid-IoT, subgroups of IoT devices form PoW blockchains, referred to as PoW sub-blockchains. Then, the connection among the PoW sub-blockchains employs a BFT inter-connector framework, such as Polkadot or Cosmos.

Finances and Global Trade

Even finances can take advantage of the SourceLess Hybrid Blockchain. XinFin uses a Blockchain Hybrid SourceLess using Ethereum for the public component, while Quorum is for the private component of their solution. Their goal is to provide a global platform for financing and trade using hybrid technology. They use DPOS (Proof of Delegated Stake).


The banking industry has been facing numerous challenges for a very long time. The safe, secure, transparent, decentralized, and cost-effective nature of blockchain has the potential to solve these challenges. Here’s how a blockchain is a one-stop solution to all the existing challenges in banking.

A SourceLess Hybrid Blockchain can be an ideal solution for banking. Because banks need to solve problems internally and also secure users’ information, they can use this approach. Even Ripple, a more concentrated, centralized cryptocurrency, can move to a SourceLess Hybrid Blockchain network if a change is needed.

How can Blockchain overcome the challenges in Banking?

The banking industry has been facing numerous challenges for a very long time. The safe, secure, transparent, decentralized, and cost-effective nature of blockchain has the potential to solve these challenges. Here’s how a blockchain is a one-stop solution to all the existing challenges in banking.

Challenge: Inefficiency in handling records

The rising number of users imposes the need to maintain the complete records of the transactions. In traditional banking, this task becomes complicated with a large number of users. It ultimately results in consuming more processing time for payments. Therefore, it is crucial to handle and manage the transaction data with ease, speed and security.

Solution: With blockchain in banking services, data handling is ensured with security and transparency.

Immutability: Blockchain is immutable. It implies that data remains unchanged. So, managing the records becomes more comfortable as the stored data is secure, authentic, and accurate.

Zero-Knowledge Proof Technology: The zero-knowledge proof technology is a privacy solution for blockchain networks. It results in authenticating the financial information without disclosure.

Privacy: Securing data is a significant concern for any banking sector. The public and private keys secure stakeholders’ financial information. The public key is accessible to all users in the network. The private key is shared only between the stakeholders participating in the transaction. Therefore, the transaction becomes visible to all users with a public key, while the transaction details are visible to users having a private key. The blockchain maintains transparency while managing the confidential data of the stakeholders.

Challenge: Consistent Supervision

With the rapid shift into digitization, banks are processing transactions and payments in digital form. These digital methods increase banking sectors’ responsibilities to monitor and record the details from time to time.

Banks face a lot of risks in providing services like loans, such as:

● trusting mediators.

● Failure of the counterparty to meet its obligations.

● Credit risk owing to information failure.

For example, commercial banks that give importance to supervising and tracking loan usage are not reliable. In such cases, no option is left other than trusting the intermediaries. So, the risk factors are high for the providers.

Solution: For blockchain-enabled banking sectors, every stakeholder act as a node. Therefore:

● peer-to-peer (P2P) transactions reduce the need for intermediaries.

● Transactions get recorded on the network, thereby minimizing fund management risk.

● Smart contracts execute quick transactions.

Challenge: High Payment Cost

When third parties are involved, the cost factor increases with every transaction. Also, more time is required to execute the transactions. The payment costs are high and create a challenging situation for banks to engage their users.

The banking sector is generally centralized. So, it invests a lot of money in:

● buying, maintenance, and security of central databases

● commission charge of intermediaries

● bookkeeping

● value transfer systems

The recurring cost leads to periodic investments. Therefore, the banking system becomes expensive without ensuring the prevention of data breaches.

Solution: Most of the expenses get reduced by adopting blockchain in banking organizations. Implementing smart contracts in banks can reduce the costs of:

● intermediaries

● value transfers

● bookkeeping

Challenge: Time Consumption

When many users and third parties are associated with any transaction, the payment process becomes lengthy. The process consumes 2 to 3 days or even a week to clear the payment. The main reason behind it is the presence of intermediaries.

The banking system involves multi-layered functioning. This means that every transaction has to pass through a couple of intermediaries. These intermediaries may be either front and back offices of banks or even third parties. For instance, currency exchangers in cross-border payments. The time required to execute each transaction is very long and leads to dissatisfaction among the users.

Blockchain Solution: The availability of peer-to-peer transactions in blockchain reduces the need for intermediaries. In addition to this, smart contracts execute and manage the transactions. Due to the elimination of multiple layers in the system, payments will get quickly settled. Implementing blockchain payment systems app can facilitate instant settlements.

These prevailing challenges in the banking sector need rectifying technology solutions. Blockchain is among such technologies that can help rebuild the bank sectors with speed, accuracy and transparency.

Use-cases of Blockchain in the Banking sector

Clearance and Settlement

An average bank transfer usually takes few days to settle. So, moving money across the globe is a logistical challenge for many banks. The bank transfer system needs to go through custodial services and reconciliation process, which include:

● Fund networks

● Asset Managers

● Traders

For example: If you want to transfer the money from a German bank to the United States, the transfer process will go through Swift. A swift protocol is centralized and it processes only the payment orders. The actual money is processed through intermediaries involving additional costs and time.

A decentralized ledger technology like blockchain can help banks to monitor and settle transactions. Therefore, banks will not have to rely on custodial services and regulatory intermediaries. The following steps will help you to know how blockchain works for clearance and settlements in banking.

Step 1: When a user requests a payment, the payment transaction is represented in the form of a block.

Step2: This block is sent to the network of computers, known as nodes. So, the block representing the payment is sent to every node in the network.

Step 3: Nodes validate the payment and user’s status using algorithms. These nodes receive a reward for proof of work. The verified payment may include cryptocurrency, contracts, or any other information record.

Step 4: Once the payment is verified, it is combined with other payments to generate a new data block for the ledger.

Step 5: This new block containing payment information gets added to the existing blockchain and the payment gets completed.

Cross-border payments are fast, cost-effective as compared to conventional banking systems. With blockchain for cross-border payments, third parties’ verification gets eliminated, resulting in speeding up the processing time. For example, the remittance cost is just around 2 to 3 percent, while third parties estimate around 5 to 6 percent of the total amount). Juniper Research’s report states that deploying blockchain in banks will save on cross-border payment transactions up to 27billion dollars by 2030.

Lending and borrowing

Lending and borrowing are the primary services offered by banks. The stakeholders involved are:

● Lender -the banks or financial institutions that give money.

● Borrower — the one who takes money from banks or financial institutions.

● Guarantor — the one who is the promising entity to repay the loan.

Let’s have a look at the workflow of lending and borrowing methods using blockchain.

Step 1: Lender generates a profile

A lender generates his profile containing:

● Personal details like name, address, and ID

● Details of bank account

● Type of investment a lender would like to make. For example, a lender might wish to lend money to the borrowers requesting a loan for business purposes.

● Rate of interest associated with different types of borrowers involved in the network.

The profile details are provided at the marketplace. Based on these details, the lenders and borrowers can find each other at the market.

Step 2: The lender looks forward to a loan request from the borrower

After submitting profile details at the marketplace, the lender waits for a loan request from the borrower. Once the request is received, the lender schedules an interview with the borrower for further discussion.

Step 3: Borrower generates a profile

A borrower creates a profile comprising personal details (name, address, ID) and collateral information. The collaterals could be specified in terms of legal documents, crypto coins, etc.

Step 4: Borrower requests for the loan

Once the account is generated, a borrower can send loan requests to multiple lenders — smart Contracts help the borrower to reach the lender, who meets the requirements of his investments.

Step 5: The lender starts the discussion with the borrower

When the loan request is received, a lender begins the discussion with the borrower and try to get through:

● The reason to apply for the loan.

● Monthly earnings.

● Repayment rate.

● The number of times the borrower applied for the loan.

These details help the lender whether to approve or dismiss the borrower’s loan application.

Step 6: Smart Contract decides the rate of interest

Once the request is accepted, the smart contracts check the CIBIL score to decide the borrower’s rate. Based on repayment rates, borrowers fall into high risk, low risk and medium risk categories.

When using the P2P lending blockchain platform, the rate of interest remains constant.

Step 7: Smart Contracts facilitate auto-payments

Smart contracts embedded with a crypto-wallet can assist borrowers in making their payments. If the borrower fails to pay timely installments, late fees are added to the actual amount and upgraded on the ledger.

Blockchain in lending can be beneficial to:

● make fast approvals

● minimize delays

● reduce the need for intermediaries

● enhance transparency in the process.

Accounting and Bookkeeping

Accounting is an area in banking, which is relatively slow in terms of digitization. The sole reason behind it is the necessity to match the regulatory requirements associated with data integrity and validation. Therefore, accounting needs transformation with blockchain.

The blockchain plays a crucial role in simplifying compliance and streamline the conventional double-entry bookkeeping methods. Despite keeping separate records of transaction receipts, the transaction can be directly added to the joint register using blockchain. Thus, all the entries of this register can be distributed on the blockchain. It will ensure the transparency and security of banking data. A blockchain can be just like a digital notary for verifying the transaction details. Smart contracts would enable the payments for generated invoices. Blockchain in accounting and bookkeeping improves efficiency, reporting, and data access.

Trade Finance

Trade finance is concerned with all the financial activities to international trade and commerce. These activities still rely on paperwork such as letters of credit and invoices. Though management systems conduct these processes online, they consume a lot of time.

Therefore, trading based on blockchain solutions can streamline the process with less paperwork, low time consumption, and minimum regulations.

For example: In traditional finance systems, all the users have to maintain their databases. They maintained databases for transaction-related documents and restored them continuously. If there is a single error on the page, this will duplicate this page’s copies in other databases.

With such challenging scenarios, blockchain-enabled solutions do not require multiple copies of the same page. It is so because the information gets integrated into a single digital document and then updated in real-time. This updated information is further accessible to all the users in the network.

Here’s how the blockchain is going to transform trade finance.

Step 1: When the buyer purchases goods from the seller, the sale agreement is shared with the import bank with smart contracts on the blockchain.

Step 2: The import bank reviews the purchase agreement and credit terms and then submits the obligation to pay to the export bank.

Step 3: The export bank reviews the received payment obligation and verifies it. Once approved, the smart contracts trigger the blockchain to include the terms and conditions and lock-in obligations.

Step 4: Once the obligations are received, the seller digitally signs the blockchain-equivalent letter of credit in a smart contract to proceed with the shipping.

Step 5: The goods are further monitored by third parties and customs agents in exporting countries. All the goods are approved by signing digitally on blockchain smart contracts.

Step 6: The goods are transported from one country to another.

Step 7: On receiving the goods, the buyer digitally acknowledges the receipt and triggers the smart contracts for payment.

Step 8: The payment is processed from buyer to seller through smart contracts in blockchain.

Making Credit Reports

Blockchain in banking can also help clients to get loans quickly based on their credit history. Lenders take a lot of time in reviewing the credit history. The credit reports provided by third parties are not available for small business owners. Therefore, blockchain tools can serve the purpose of making credit reports for borrowers. These reports ensure accuracy, transparency and secure distribution. The following steps will show how it works with blockchain.

Step 1: The data owners store their transaction history in the blockchain. This information is protected with a private key.

Step 2: The encrypted transaction details are stored outside the blockchain.

Step 3: The encrypted transaction is stored with hash codes in the blockchain along with timestamps and metadata.

Step 4: The buyer submits the criteria for information on credit history.

Step 5: Based on criteria, smart contracts identify and verify the required information.

Step 6: Upon verifying the potential data, the blockchain filters the unnecessary information and shows the required information of the borrower’s credit history.

Therefore, blockchain-based credit reports reduce the costs, time and complexities related to data verification.


The ever-rising use cases of blockchain are about to bring major transformations in the banking sector. Blockchain in banking can disrupt conventional systems and make the existing systems more obsolete. Blockchain-based solutions are expected to minimize the annual fraud losses up to 9 billion dollars.

It is crucial to develop a secured database of client information and share it through numerous banking institutions. Therefore, it reduces the time, cost, and effort in inter-bank trade and ensures security and transparency. The blockchain in banking is a driving force to overcome the rising challenges and transform efficiently into a cashless society.

Supply Chain

Supply chains can benefit greatly from the SourceLess Hybrid Blockchain system. Because the supply chain is huge, it is essential for them to become hybrid. Neither private nor public Blockchain can work.

Many supply chain logistics companies have already started to implement it.

A great example of using SourceLess Hybrid Blockchain in the supply chain is the IBM food trust. They aim to improve efficiency throughout the entire food supply chain. It is a network in which everyone participates, including farmers, wholesalers, distributors and others. Walmart is also an active player in this project.


Blockchain can change the way governments work. Even governments know this and have begun the process of using the Blockchain in their governance. For example, the government can use the Blockchain to vote, create public identification databases, record complex data, automate procurement, provide social/humanitarian assistance, and so on.

To make all this possible, you will need SourceLess Hybrid Blockchain. It gives the government the control they need and allows the public to access it. The total private or public Blockchain will not work because it either prevents the user from accessing or reveals too much data. Proper control of the Blockchain can ensure that the government stays in control while taking advantage of Blockchain technology.

A blockchain-based digital government can protect data, streamline processes, and reduce fraud, waste, and abuse while simultaneously increasing trust and accountability. On a blockchain-based government model, individuals, businesses, and governments share resources over a distributed ledger secured using cryptography. This structure eliminates a single point of failure and inherently protects sensitive citizen and government data.

A blockchain-based government has the potential to solve legacy pain points and enable the following advantages:

● Secure storage of government, citizen, and business data

● Reduction of labor-intensive processes

● Reduction of excessive costs associated with managing accountability

● Reduced potential for corruption and abuse

● Increased trust in government and online civil systems

The distributed ledger format can be leveraged to support an array of government and public sector applications, including digital currency/payments, land registration, identity management, supply chain traceability, health care, corporate registration, taxation, voting (elections and proxy), and legal entities management.

Business Services

Last but not least, we will also see a big change in business services thanks to SourceLess Hybrid Blockchain. It can not only be used to build open-source technology but also enterprise-level solutions. For example, companies can use SourceLess Hybrid Blockchain to automate their services and improve their reliability, trust, and transparency for both employees and end-users — industries such as aviation, supply chain, etc.

Public Blockchain — definition

The public Blockchain is open to everyone, where anyone can participate. The private

Blockchain is controlled by the owners and access is limited to certain users. SourceLess Hybrid Blockchain is a combination of public and private Blockchain. This means that some processes are kept private and others public.

Transparency: the public Blockchain is completely transparent; the private Blockchain is transparent only to users who are granted access. The source of transparency SourceLess Hybrid Blockchain depends on how the owners sets the rules.

The public Blockchain stimulates participants to develop the network. The private Blockchain is limited and therefore does not have an incentive similar to that of a public Blockchain. SourceLess Hybrid Blockchain can opt to stimulate users if desired.

Use case: can be used in almost any industry — good for public projects, but also good for creating cryptocurrencies for commercial use. The private Blockchain is excellent for implementing the organizational Blockchain because it requires complete control over their workflow. The hybrid is the most suitable for projects that cannot become private or public and lack trust. The supply chain is an excellent example. It is also effective in banking, finance, IoT, and others.

Are the hybrid and the consortium different?

On the surface, it may sound identical, but this is not the case. Both federated and hybrid use a different approach and have their own unique feature. By knowing these features, you will be able to acquire and choose knowledge for your business or organization.

Let’s see how SourceLess Hybrid Blockckchain vs Consortium Blockchain crashes.

Blockchain Consortium

One group manages the consortium’s Blockchain. The group decides how the Blockchain will work. There is also limited access, and the group decides who gets the access first. The advantages of strict access are obvious. For example, limited access means faster transactions, high scalability, and better transaction confidentiality.

Sourceless Hybrid Blockchain

SourceLess Hybrid Blockchain is a combination of public and private entities. The best way to describe it is to use a public Blockchain in which a private network is hosted. This means that there is restricted participation that is controlled through the private Blockchain.

Technically, it works by generating blocks of hash data using the private network and then storing this data in public without compromising data confidentiality.

Unlike the federated Blockchain, the SourceLess Hybrid Blockchain offers flexible control over the Blockchain. This means that control over shared data is not ideal and is not better than that of a federated one. The best case for using SourceLess Hybrid Blockchain is scalability and decentralization.

Multi-property Blockchain (multi-assets), cross-chained-multi-Blockchain, public (Bitcoin, Ethereum, Cardano, Stellar, etc.), and private (DLT) with support for adding (migrating or creating) tokens trading through the integrated DEX and CEX.

SourceLess Blockchain Attributes:

The size of the Blockchain is extremely small, allowing the existence of nodes in only 1

MB of data through a modified version of zk-SNARKs [Zk-SNARK is an acronym meaning “ZeroKnowledge Succinct Non-Interactive Argument of Knowledge”. A zk-SNARK is cryptographic evidence that allows a party to demonstrate that it has certain information without disclosing that information]).

Cross-Blockchain — transactions, and data — allows reading, writing, authorization intraBlockchains.

Transactions in any Blockchain can be done with minimal cost, and, with the help of the Ccoin Network ecosystem, can be completely free of cost (whether we are talking about BITCOIN, ETHEREUM, or any other Blockchain — with their assets) if they are made by STR as fuel.

The number of transactions increases exponentially through the direct delegation of affiliated nodes, but also the hybridization of the Blockchain (SourceLess Hybrid Blockchain) as autonomous support in authorizing and confirming up to 100,000 transactions / second (TPS), comparable to VISA (24,000 transactions per second). second (fastest processor at the moment), and crypto-ecosystem (Ripple — with 15,000 transactions/second).

Governance — autonomous, democratic — through the vote of the owners.

GPT-3 (construction) & Formwelt (communication and integration) AI — embedded in ARES (SourceLess Blockchain programming language — governed by AI).

These will make implementation easy (as well as building websites or applications) even for those without IT skills.

WEB from scratch with address mapping (domain street) — addresses that will be used in your ease of trading (simple name to remember and use), but also to guarantee identity (KYC & AML).

Shared hosting for all users — both individual and business owners.

Web environment in which users have hybridized p2p connection but also hosting with self-balancing (space efficiency used is 90%) compared to the current — 52% — resources are limited to 90%, having prepared in stand-by an instantly accessible need of 10%, but also provides the space lending of any member, this being directly rewarded with 90% of the value of the space; the remaining 10% is disposed in the Blockchain master account and covers the costs of hybrid spaces (owned by SourceLess INC).

Carbon-free, environmentally friendly, and resource-preserving by reducing the Blockchain itself and reducing the resources required.

Internal merchant — built — allows acceptance for payment by cryptocurrencies or other payment methods (FIAT — fiat currency) to any owner or user of Ccoin Network & SourceLess Blockchain.

The STR web considered as an application, called Apples made in SourceLess Blockchain, will have the following attributes:

● You can check the integrity of data without disclosing that data (high degree of security).

● Check for the correct execution of resource-intensive calculations or in other cases of very low speed due to the limitation of miners and nodes that check and certify.

● Significant scalability benefits, here you can apply DLT on Blockchain in a way with extremely high efficiency.

Efficiency compared to a Dapp on Ethereum

For the Ethereum network to run a Dapp, every node and miner in the network must run the same calculation. This is extremely inefficient. The entire network must execute and write that Dapp, and certify it.

Compared to running an AppLess, SourceLess is run once by its developer on its own node, after which all other nodes can only check the associated proof (SnarkS). The same argument can be made for SNARK-powered Layer two Shards on Ethereum, however, Daps are still burdened by the limited flow of the main chain, while an AppLess in SourceLess benefits from the Blockchain’s scalability potential due to its brief nature and the factors explained above.

Workflow — AppLess on SourceLess Blockchain

● Run the AppLess source code (multi-languages)

● Runs SNark code via function call in SourceLess

● Start the data to be executed in SourceLess

● Calculations run in Blockchain

● Returns a SNark proof that will be attached to the street address (of SourceLess Blockchain)

● SourceLess Blockchain executes transactions based on SNark proof

In this way we have the possibility to minimize the enormous capacity (effective space) of any Blockchain and reduce it to enormously small dimensions — up to 1mb of data, making possible the existence of personal nodes, so that any wallet attached SourceLess can check transactions with enormous speeds and with the minimum of resources.

Addressing in SourceLess Blockchain

Considering the whole ecosystem, we believe that the best way to apply the services of the Blockchain but also of the DLT is to offer it as a public address, both in Web3, IoT, DLT (hosting and processing large databases), starting from address.

The address mapping considered is in the form STR. Name, both for personal space (wallet and space) and for the Business part,, allowing 128 characters after STR.54 characters (numbers and letters, public address that will help a simple and clear identification for the use of all services and paths in the ecosystem.

Detailing SourceLess Web services

Considering the data from Wikipedia (Internet Protocol version 4 provides 232 (4,294,967,296) addresses) of April 21, 2021, we consider that there is a real need to provide a concrete evolution on the processing of data from the current web, both addressing, locating and processing /execution.

Remapping the web, in the SourceLess vision, the domain names type applied both as web, but as an identifier in Blockchain, but also as personal or business spaces (as hosting this time) would offer enormous benefits, both by ownership of personal space or in the SourceLess DLT database, as well as communication channels, which this time are not actually based on HTTP, FTP, or other classic communication channels.

Communication applied on STR.domain

The best way out of many possible variants, applied to Blockchain is peer-to-peer communication, having a central point as data support and live 100% of the time is the network and torrent communication.

With much higher processing speeds, upload, and download, the security is given by the Blockchain, both as data protection and the impossibility of counterfeiting or identity theft, the street name is subject to KYC and AML rules, give a perfect solution of cyber security.

The speed calculations give, in parallel, a speed of at least 10X higher than that of the current web.

The storage space used now has a global efficiency of about 52%, the remaining 48% consuming both energy and financial resources from users and businesses.

Attacks of any kind both against IPs and data become impossible, as well as accidental or deliberate leakage of personal data becomes impossible, as long as all data is under the direct applicability of Blockchain encryption.

Effectively when using the network, theoretically many of the risks posed by the current web disappear.

Hiding the identity, copying the identity of another user, the insecurity of any transaction, simply disappear due to the Blockchain applied on the web, without limiting the use of the web in its full functionality.

NOT only are we not opposed to existing websites or social media channels, or any other existing businesses on the current World Wide Web, but on the contrary, they can be completely mirrored and uploaded, as they are now, the preparation data for migration will be done internally, without the need for other specific operations.

How Torrent works

When you download a webpage like this, your computer connects to the webserver and downloads the data directly from that server. Each computer that downloads the data downloads it from the central server of the web page. This is how much of the web traffic works.

BitTorrent is a peer-to-peer protocol- a group of computers that download and upload the same torrent) transfer data between them without the need for a central server.

Traditionally, a computer joins a BitTorrent swarm by uploading a .torrent file to a BitTorrent client. The BitTorrent client contacts a “tracker” specified in the .torrent file. The tracker is a special server that keeps track of connected computers. The tracker shares its IP addresses with other BitTorrent clients in the swarm, allowing them to connect with each other.

Once connected, a BitTorrent client downloads bits from torrent files in small chunks, downloading all the data it can get. Once the BitTorrent client has some data, it can then start uploading that data to other BitTorrent clients in the swarm. This way, everyone who downloads a torrent also uploads the same torrent. This speeds up everyone’s download speed.

If 10,000 people download the same file, don’t put too much stress on a central server. Instead, each downloaded program contributes to the upload bandwidth for other download users, ensuring that the torrent stays fast.

Importantly, BitTorrent clients never download files from the tracker. The tracker participates in the torrent only by keeping track of BitTorrent clients connected to the swarm, not even downloading or uploading data.

All the above applied — lead to a stable, secure, and very economical web, both in terms of resources and capabilities.

No one in the network is obliged to attach or share unless he voluntarily supports, or is interested in distributing that data, or is even paid to rent a piece of space.

Attributes in SourceLess Web

Governance — autonomous, democratic — through the vote of the owners.

GPT-3 (construction) & Formwelt (communication and integration) AI — embedded in ARES (SourceLess Blockchain programming language — governed by AI).

What will make implementation easy (as well as building websites or applications) even for those without IT skills?

Other tasks for users will be the processing or use of various expensive programs, such as Office suites, or graphics, design, all, however, will be made available to users as predefined tools in the containers in their pages (their DLT space) as long as they have a domain name, both personal and business.

GPT-3 Open AI

GPT-3 has made headlines since last summer because it can perform a wide variety of natural language tasks and produces human-like text. The tasks that GPT-3 can perform include, but are not limited to:

● Text classification (ie. sentiment analysis)

● Question answering

● Text generation

● Text summarization

● Named-entity recognition

● Language translation

Based on the tasks that GPT-3 can perform, we can think of it as a model that can perform reading comprehension and writing tasks at a near-human level except that it has seen more text than any human will ever read in their lifetime. This is exactly why GPT-3 is so powerful. Entire startups have been created with GPT-3 because we can think of it as a general-purpose swiss army knife for solving a wide variety of problems in natural language processing.

Generative Pre-Training Transformer 3 is an autoregressive language model that uses deep learning to produce human-type text. It is the third-generation language prediction model in the GPT-n series created by OpenAI, an artificial intelligence research laboratory in San Francisco.


FORMWELT is a coding language for language and meaning. It is a language system based on an ordinance to acquire definition. Its core consists of about 320 references: you might think of them as words with concrete meaning that explain each other without gaps that could impede the flow of information and build a precise meaning. The core is semantically self-sufficient. It contains the basic concepts that are needed to describe any conceivable or perceptible phenomenon. 2015–2021 Gitta and Ralf Peyn.

These AI language engines will make it possible to build any web page or application in SourceLess Web platform easily and without the need for extensive knowledge in IT or programming, these being open source, will greatly improve the quality of the web by their very development.

For organizations of any kind, you could easily apply usage rights, with the certification given by the unique address, as well as the encryption from the enrollment of any data, having a double role, that of ensuring data protection, but also the possibility of remote verification or certification, in real-time.

The need for “backup” disappears, it is automatically downloaded and written in real-time in DLT.

The need for firewall or antivirus protection, or any type of malware, as well as ransomware, disappears due to private keys held only by the roles executed within the platform.

The communication means between the user/operator and the master account (the one in which it is operated) are given by the affiliation between the wallet/street name and the effective “master account” of the AppLess from SourceLess DLT.

Of course, roles with limited or full rights can be distributed by the administrator at any time only by accepting and assigning to the wallet str.slave or str.user, but also customer rights, visitor type, the applicability can be given in any direction, the limits being imposed only by the AppLess

Referral Program and Promotion

To attract more users to we add a referral program. Every person registered on web-site can participate in the referral program, get and promote his personal referral link.

Using personal referral links registered users can promote on their sites, on specialized cryptocurrency forums, and on social networks to attract more new users.

We prepare special advertising materials and promotion banners in the wallet for the most successful promotion of

We plan to organize a strong marketing and advertising campaign for the best promotion of around the world.

We will cooperate with the best promoters in the cryptocurrency industry for growing our ecosystem and creating a big community around the world.

We plan to have local partners organize the work of in different countries of the world.

We plan to visit the main events of the crypto community and cryptocurrency conferences to attract more users to

Description of the bounty(referral) program

General rules!

– To participate in the Bounty Program, please visit our Telegram Group and make sure to register in the Google Forms before you start.
— To participate in the Bounty program, you must be at least 18 years old.
— Rewards for each campaign will have an individual cap, beyond which no further rewards will be given.
— We will check, verify and filter all registered information daily before each weekly review. Only one account is allowed per social media link and all duplicates will be removed. For invalid links, we will make daily corrections to the public Bounty Release Form. Please correct invalid link information and register again.
— You may request a review of your weekly stake within 7 days of each weekly posting if you believe it is incorrect. We will not make any adjustments if you have missed the deadline.
— If you are disqualified for any reason, you will NOT receive any bounty reward.
— The SourceLess team reserves the right to make changes to the rules and conditions if deemed necessary.

– For technical support during the Bounty campaign, please contact the SourceLess Telegram Group.
— All reward tokens will be allocated to your trust wallet within 6 weeks of the end of Bounty Program.

More details : is interested in popularizing its service around the world, and generously rewards active users! Become a part of our team!

Edited by :

Alexandru Stratulat

Iulian Bondari

Andrei Voloc




SourceLess Blockchain Architect

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Alexandru Stratulat

Alexandru Stratulat

SourceLess Blockchain Architect

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