Overview

The CryptoSettleHub, a key player in Russia’s securities market and part of the Moscow Exchange Group, sought a cutting-edge solution to automate the issuance of bonds worth 10 million. Our task was to develop a blockchain-based platform to facilitate seamless and transparent transactions within Russian depositories.

Technical Stack

  • Blockchain
  • Ubuntu
  • Linux
  • CentOS
  • Node.Js
  • AngularJs
  • LevelDB

    • Industry

    Information Technology

  • region

    • Region

    Russia

  • project-size

    • Project Size

    Non- Disclosable

Highlights

Data Center Security

Third-Party Integration

Automated Bond Issuance

Secure Communication

Challenges & Solutions

The lack of an operable app interface and cross-channel transaction support necessitated a solution to address integration complexities and enhance user accessibility.

  • Solution: Our team developed a robust Node based API to streamline integration processes and provide a user-friendly interface, effectively addressing interface and integration complexities.

Addressing interface limitations and cross-channel transactional support required a streamlined solution for integration complexities and enhanced user accessibility.

  • Solution: Implemented Hyperledger Fabric’s crypto layer to ensure transactional confidentiality, coupled with Docker Compose for containerization, simplifying third-party integration and regulatory compliance.

Core Features

  • Seamless Bond Issuance
  • Regulatory Compliance
  • Transactional Confidentiality
  • Positive Client Feedback

Result

After giving in such efforts, we came up with the perfect thing that the client wanted. It was a blockchain-based solution that was capable of issuing 10M worth of bonds automatically. The solution is now as per the Government regulations and hence offers transparency in the bonds that it is offering automatically. Apart from this, it is also capable of enabling transactional confidentiality. Also, we developed the solution so that apart from offering such facilities to the customers, it also offered security. It maintains a data center communication that is secure enough for the users. Not only did it minimize the fraud leakages and ensure trust in the network, but also it reduced down the expenses incurred by the issuer of the bonds. With our team’s efficiency, hard work, and the use of Hyperledger Fabric, we could develop the whole platform in just 6 weeks. We handed over the prototype to the client and received some of the best remarks.
  • no.-of-resources

    • No. of Developers

    06

  • time-frame

    • Time Frame

    April 2022 - October 2022

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