IBM presented Smart Block Laboratory as "Most Promising Fintech Solution Using IBM Cloud Services." This high award is presented for the development of blockchain infrastructure for digital banking services provider Cryptoenter - dedicated to opening DeFi (decentralized finance) to all financial institutions around the world and giving its users a new level of freedom.
After three years of efforts developing blockchain infrastructure, Cryptoenter was highly acclaimed by IBM at the "PartnerWorld at Think" event held on June 23, 2020 in digital format, in which IBM awarded its distributor and partner participants.
IBM Silver Business Partner Smart Block Laboratory was honored for the development of its flagship Cryptoenter solution, naming it the "Most Promising Fintech Solution Using IBM Cloud Services."
Cryptoenter is the flagship product of Smart Block Laboratory, an infrastructure solution that unites all financial market players into a single digital space for the transmission of financial messages. It creates an infrastructure for digital banking with the functionality of decentralized financial services (DeFi) implemented on Hyperledger Fabric, which allows users to conduct a variety of transactions with cryptocurrency and fiat. These include P2P interactions between users, a single online cryptocurrency / fiat wallet, interbank payments, real-time exchange of values, crypto exchange operations (optional), cross-border payments in real time, P2P lending, issuance of derivatives, issuance of NFT tokens, a virtual digital bank, decentralized crowdfunding, digital acquiring, and a social network for investors on the blockchain, within which the functionality of crowdfunding and the issuance of stablecoins is implemented.
In the near future, the blockchain infrastructure for digital banking service providers Cryptoenter will be available for integration with banks around the world through the IBM Marketplace. The solution has passed all the necessary checks by IBM specialists and, after additional settings, will be available in an open search on the IBM Cloud.
The Smart Block Laboratory team would like to express their deep gratitude to IBM for the appreciation of the work they have done to create an innovative fintech solution.