21 Dec Looking Back at an Incredible 2018 – CryptoBLK Year in Review
“At CryptoBLK, we had a very successful year of 2018. We have grown faster than we expect, and we have successfully launched several production-grade DLT systems for various financial applications. At this joyous time of the year, we are grateful to CryptoBLKers and also to our customers, collaborators and industrial peers. Together we are on a mission to continue building the next generation software platforms which can revolutionize FinTech through DLT and cryptography.
There are lots of challenges and opportunities in the enterprise or consortium DLT industry, as well as the FinTech industry at large. For CryptoBLK, building upon the success of 2018, our team will remain deeply committed to revolutionizing FinTech with cryptography and blockchain, and further strengthen the trust and transparency that DLT brings. Looking forward to next year, we will strive to create a stronger foundation on which CryptoBLK can stand and continue to grow through our goals and initiatives that position CryptoBLK as a leader in DLT.”
Dr Duncan Wong, CEO and Co-founder of CryptoBLK
DLT Solutions Release
2018 has been an incredible year for the team at CryptoBLK. In this year, CryptoBLK launched multiple groundbreaking DLT systems for a variety of industries including banking, real estate and insurance.
In the spring of 2018, CryptoBLK launched the first cutting-edge PropTech platform Topaz at the CordaCon Tokyo, the industry’s first Corda-based asset valuation and management system.
In May 2018, CryptoBLK supported HSBC, ING and Cargill to complete their first live pilot run on the DLT trade finance platform, Voltron. This was followed by a couple more live pilot runs between HSBC, ING, BNP Paribas, Cargill, Reliance and Tricon. Then in October, CryptoBLK teamed up with 8 banks and R3 on the development of a Minimum Viable Product (MVP) for Voltron. The eight banks include Bangkok Bank, BNP Paribas, CTBC, HSBC, ING, NatWest, SEB, and Standard Chartered.
Further in December, together with the Hong Kong Federation of Insurers, CryptoBLK announced the launch of a DLT platform called the Motor Insurance DLT-based Authentication System (MIDAS), Asia’s first industry-wide motor insurance platform that uses blockchain technology for verifying the authenticity of motor cover notes and policies.
In addition to deploying various DLT platforms for banking, insurance and real estate industries, the team at CryptoBLK have also developed a DLT healthiness and performance monitoring system called CB-Mon, providing real-time mission-critical DLT node monitoring and alerting services. Our current version focuses on supporting major consortium DLT infrastructures such as R3 Corda and Hyperledger Fabric and we target to roll out CB-Mon next year to provide more diversified monitoring and management of production DLT systems.
We have also published an in-depth technical whitepaper for Abelian Coin (ABE). Abelian is a public Blockchain platform which focuses on post-quantum cryptographic capability as well as a balanced mechanism between privacy coin and accountability. Our technologies are based on lattice-based linkable ring signature, commitment scheme and verifiable encryption.
The CryptoBLK team growth rate is also amazing. In 2018, the number of CryptoBLKers has tripled to support our rapid growth in business, technology development, project management, marketing and sales. In the coming year, we have plans to continue growing further and stronger with numerous positions in Development, Support, and Project Management.