AlphaPoint Rolls Out Blockchain Solution for Financial Institutions

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AlphaPoint, the leading white label technology provider for digital asset exchanges, announced StreamCore, a flexible, multi-asset blockchain solution built from the ground up for financial institutions.  StreamCore allows firms to interact with blockchain data simply and dynamically, providing the tools to rapidly develop and deploy a wide range of financial solutions.

“The blockchain represents a fundamental step forward in both security and efficiency,” said Founder & CEO Joe Ventura.  “More and more banks are recognizing the promise of the technology and becoming strategic partners. StreamCore provides these firms a secure, dynamic platform  to engage this technology as they incorporate it into their long-term visions.”

Blockchain in the Financial Sector

Venture capital funding in the blockchain space continues to accelerate and has doubled year over year.  With $462 million invested in 2015 thus far, total investment in the sector is nearing $1 billion since 2012.  Increasingly, investments in the ecosystem are coming from multinational banks.  Over 20 banks have made investments or formed partnerships, and many more have formed research groups.

Financial applications leveraging blockchain networks provide breakthroughs in data integrity, performance, and efficiency in how assets move between parties.  StreamCore leverages the inherent benefits of the blockchain – immutability, strong cryptography, instantaneous clearing – but makes significant improvements.  The solution allows firms complete control over their data and acts as a general-purpose platform for deploying blockchain-enabled financial applications.  

Benefits for Distributed Financial Applications

The technology behind StreamCore extends AlphaPoint’s existing platform, currently used by over 20 clients, and supports a range of applications – including asset exchange, distributed payments, real-time accounting, and multi-asset risk management.  Key benefits include:

  • Secure Architecture – Multiple parties link together across secure networks, creating an airtight, incorruptible record of events.
  • Flexible Permissioning – Parties access only information that is explicitly shared with them, and each message is encrypted individually.
  • Immutable, Auditable Records – Data can be searched like a traditional database, and is impossible to change or falsify.

“Blockchain-enabled systems are the future of financial services,” said Ventura.  “They promise to dramatically improve market structure, and we feel privileged to help institutions embrace this transformational technology.”

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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