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

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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.”

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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