Digital chip card technology ("DCCT") is an innovative FinTech solution that provides secure storage and enables contactless and cardless data transfer between two devices (smartphones, tablets, computers). We can use it to pay for goods in stores, withdraw money from ATMs without cards, establish a connection between a corporate server and a bank server, to control access, etc. DCCT uses sound or a QR code as the carrier of information that underlies the transmission process and acts as a more secure alternative to conventional Near-field communication ("NFC") technology, as it protects the user's sensitive data from being compromised all the way during the transaction and after its completion. The benefits are numerous:

• DCCT communicates only through web applications and cannot collect personal data from your devices.
• You don't need to install other apps that could potentially compromise your privacy.
• In order to use DCCT, you do not need to purchase additional equipment.
• You don't have to enter a PIN code and put your data at risk.
• You don't have to use any accessories such as smart cards or point-of-sale (POS) card readers.
• Only use your personal device (smartphone, tablet, computer) that you carry with you every day.

For more details on secure storage and wireless sharing of sensitive data or other data that requires authentication, please refer to https://telinov8.com/how-abdm-works.html and https://telinov8.com/about-qrbdm.html.

Another application of digital chip card technology ("DCCT") lies in laying the foundations of a foolproof security system and creating reliable channels for the transmission of financial information. The payer must be able to authenticate the legitimacy and validity of the information received before executing the transaction. The payment instruction data must be preserved (as originally certified by the payee's bank) and must not be subsequently changed, lost, damaged or misused. This can be achieved by combining innovative approaches that dive deep into blockchain technology. In addition to DCCT, we have launched a blockchain-based electronic messaging system called Digital Telegram Service ("DTS"). DCCT and DTS, as a whole, are guaranteed to establish mutual trust between senders and receivers of payments, as well as between clients and banks, thereby reducing the number of errors in the transfer of funds. There is a possibility of their wide exploitation in transaction banking and related services such as H2H (Host-to-Host), SWIFT, cash management and trade finance. For more details on the process of transferring funds using DCCT, DTS and blockchain technology, please refer to https://telinov8.com/secure-channels-for-the-financial-information-transmission.html.