Digital Asset

Elevence Digital Finance, a startup that has developed a modelling language for determining rights and obligations.

Blockstack.io offers a hosted platform for financial institutions to develop blockchain-based applications using application programming interfaces (APIs) and software development kits (SDKs). The firm’s underlying platform leverages both open-source and proprietary technologies to create a private blockchain that is used by a group of known participants. Blockstack’s customizable solutions include multi-signature security and the ability to plug in external components. Blockstack.io was acquired by Digital Asset in 2015.

Bits of Proof is a technology company focused on the integration of applications within the bitcoin network. The company’s products include the BOP bitcoin Server, a modular implementation of the bitcoin protocol; BopShop, a bitcoin payment processor for web and in-person trades; and BeBop, an Android wallet. Bits of Proof was launched in 2013 and is based in Budapest, Hungary.

Hyperledger is a new technology to allow banks to clear and settle in real-time without the need for a central party via distributed ledgers. By removing the need for these intermediaries, Hyperledger reduces costs, delays, and settlement risk. For the first time, financial institutions can create private shared databases among known entities. By providing an open standard for value transfer, Hyperledger can integrate with existing systems to break down silos and increase liquidity. Hyperledger is the only platform of its type not to have a built-in cryptocurrency or singular public network. Hyper is the commercial entity supporting the open-source Hyperledger Value Transfer Protocol. They are working with financial institutions, consortia of banks and start-ups to deliver solutions to mitigate settlement risk, reduce costs and delays across multiple financial instruments; from FX, Interest Rate Swaps, Securities, to correspondent banking.