Bengaluru, Dec. 4 (IANS) On Tuesday, the digital goods trading company Koinex announced its foray into Blockchain solutions with the opening of a new development center in Bengaluru.
The development center will build various platforms with agnostic blockchain solutions that address financial, payment, security and banking issues on a global scale.
Koinex, based in Mumbai, is currently the largest digital goods exchange in the country with over 5 registered lakh users, the company said in a statement.
"Digital goods exchanges are today the epicenter of all the developments related to the Blockchain: having built the first and biggest stock exchange in India, it gives us the security to diversify our product offerings", he said Rahul Raj, co-founder and CEO of Koinex.
"We are focused on creating next-generation FinTech solutions for the emerging digital world and we are also venturing into creating first and second level Blockchain infrastructure tools as part of our R & D efforts," he added.
The solutions that Koinex is developing must address the current challenges of data fraud to the lack of transparency and privacy concerns that will exploit the Blockchain technology to combat problems such as data tampering, high transaction fees and interference from intermediaries. said the company in a note.
Koinex is supported by Beenext (Singapore) and Pantera Capital (San Francisco), the world's largest Blockchain venture capital firm.
The company has developed an internal commercial engine capable of processing over one million orders per second.
–IANS
na / sed
