Hi all!
Wanted to share some more details about how Blue Helix is decentralizing Custody and Clearing services.
With the goal of providing bank-level security and maximized capital efficiency, Blue Helixs patent pending technologies are designed to empower a new infrastructure that allows financial service providers and institutions to
1) optimize trading costs,
2) solve liquidity segmentation problems, while
3) providing the best possible user experience based on community consensus.
Blue Helix brings on the following technical innovations and features to decentralize custody and clearing services for digital assets. Please join Blue Helix telegram community for an upcoming AMA and more insights:
https://t.me/BHEX_US- Decentralized key management is our key innovation and also the fundamental technology on the platform. We design a new way to generate and store private keys among decentralized nodes, and a transaction is signed only when most of the nodes collaborate with each other. This solves the key problem of trust as not a single or a few malicious institutions are able to misappropriate the assets in an account.
- Financial-level secure custody is enabled by our decentralized key management, in which the trust is protected by most of honest institutions. The platform also provides multiple security method including two-factor authentication, risk control, etc. to meet the most high-level requirement for the digital asset custodian services. Additionally, the data privacy is also protected by the decentralized encryption and zero knowledge among the honest institutions.
- Fast and scalable clearing & settlement is the service on top of the secure custodian service. Our consensus called BHPOS operates in clearing and settlement. BHPOS is dedicated only to financial services and combines proof of state (POS) together with our decentralized key management and financial tools to reach high performance and accuracy. To make the digital market effective, we employ multiple technologies including asynchronization, netting, sharding and cross-chain channels to scale the platform to the next level.
- DAO governance guarantees our platform most secure and reliable. The community on our platform involve many major financial institutions. To participate as block producers, the party should follow the governance rules to provide security deposit, clearing and settlement computing resources, risk control, and various financing products including insurance and derivatives.
- Broad applications for financial services for the public. With secure and high performing custody and clearing services, the platform is capable of supporting many applications, for example, wallets, exchanges, merchants, quantitative funds, payment services, etc. The participants or the block producers on the platform can earn substantial custody and clearing commissions, while the clients enjoy secure and reliable financial services provided by the platform.
Please join Blue Helix telegram community for an upcoming AMA and more insights: https://t.me/BHEX_US