Blockchain hackathon dbs singapore
At the start, our team brainstormed innovative solutions that blockchain hackathon dbs singapore be built using blockchain technology. A quick check revealed news of other Bitcoin companies being affected similarly within the local community. Sure, but why shut us down? Are these measures not enough to win the approval of Compliance officers? This is likely because the Compliance teams at banks do not yet know how to verify transactions made in Bitcoin.
Given the bad reputation Bitcoin has been hit by over time, will you be comfortable approving a bank blockchain hackathon dbs singapore for companies dealing in Bitcoin? Well, at this point you would just disapprove the bank account if you are very new to the Bitcoin world.
But if you are more acquainted, you would be aware of the Blockchain, a public ledger that keeps a record of every transaction that occurs using Bitcoin. In essence, Bitcoin transactions are public, but Bitcoin addresses are anonymous. Given the number of companies that are building solutions using blockchain technology, we are pleased to share that this tool will be relevant to analysing any activity that occurs blockchain hackathon dbs singapore the blockchain.
Interestingly, while solving a problem for ourselves as a Bitcoin brokerage, we also chanced upon other use cases. After our final presentation, we were approached by some security companies which would like to employ our tool. We got so engrossed in building BlockIntel that prize money receded in our minds during the hackathon.
Of course, as a startup, money is very important to us as is recognition of our work. We are also happy to share that blockchain hackathon dbs singapore and second prizes were awarded to teams which built solutions for the unbanked and emerging markets. Using blockchain technology to benefit these segments are ideas that we at CoinHako are personally excited about and wish NuBank and OmniChain the very best in furthering their work.
Our plan is to deploy BlockIntel internally at CoinHako, continue conversations with security agencies blockchain hackathon dbs singapore with compliance teams at banks. We are also developing the tool further. As of now, all our efforts are in progress.
We are keen to grow BlockIntel as a viable product which can serve the Bitcoin and Blockchain communities. If you would like to learn more about our work, please feel blockchain hackathon dbs singapore to get in touch with us at consult coinhako. Your email address will not be published. You may use these HTML tags and attributes: Leave a Reply Cancel reply Your email blockchain hackathon dbs singapore will not be published.