Remittances to and within developing regions like Sub-Saharan Africa are the most expensive in the world
The unbanked are often taken advantage of and are charged fees as high as 20% to transfer their money back home to their families
Approximately 1.7 billion adults remain unbanked, which means that they are without an account at a financial institution or through a mobile money provider
Immigrants around the globe send close to $445 Billion a year back home at a cost of approximately 10% per transfer
Bye Bye Bank
Funds are held securely in a wallet on the user's mobile phone, eliminating the need for a bank account.
Hello Speed & Security
Our network can process thousands of transactions per second with a secure, decentralised validation system, as it runs on mobile phone nodes.
Bye Bye High Fees
A small fixed fee of 1 DM Cent is charged for transactions, to protect the network against spammers.
Trade within the local community by placing an advert on a smart contract to exchange cash, goods or services online or offline.
Bye Bye Exchanges
Exchange cash, goods or services on a peer-to-peer basis with geo locations and algorithmic trust scores.
Our App requires close to zero battery energy and bandwidth to operate and process transactions.
DéMars is a structured, peer-to-peer distributed computer network. It is a Byzantine fault tolerant blockchain which uses network segments to reduce the storage and network transfer costs, thereby enabling it to execute on mobile nodes.
Our focus is on reducing the amount of data being transferred within the network whilst at the same time ensuring a high level of cryptographic security. This will solve a number of the speed and scalability issues associated with decentralized networks.
The infrastructure is perfect for mobile phone executed micro-currency exchanges and merchant payments. By adding "smart contract" functionality on a local classifieds network, the technology may be extended to all informal trades in goods and services in addition to micro-lending, savings and insurance contracts.
The DéMars blockchain network is being developed on the Indian Ocean Islands of Mauritius & the Seychelles, the financial gateway to Africa and the Indian subcontinent.