Blockchain products development for a Swiss company that offers decentralized software solutions for governments, financial, and state services

Invetment check size
Product development only
Project Duration
1 year & 3 months
development is still ongoing
Team members involved
  • CTO
  • Project Coordinator
  • Blockchain Expert
  • Project Manager
  • Senior Software Engineer x3
  • Senior & Middle QA testing experts
Tech stack
  • ReactJS
  • NodeJS
  • PostgreSQL
  • Hyperledger Fabric
Job Story

Market challenges

Our client’s company always wanted to be a leader in a decentralized network for improving regulatory processes. Their goal is to ensure a private-and-resilient-by-design future in their niche.

Aleph1 dedicated its development resources and blockchain expertise to make this happen.

Our client’s company always wanted to be a leader in a decentralized network for improving regulatory processes. Their goal is to ensure a private-and-resilient-by-design future in their niche.

Aleph1 dedicated its development resources and blockchain expertise to make this happen.

Customer success timeline

Founding
The company was founded in Switzerland

Fund
Launch of the first in-house product based on decentralized technologies

Joint-Venture
Launch of the second in-house product for finance sector

Comply
Launch of the third in-house product for regulatory operations

Growth
200% annual growth, national coverage, 3 offices

Tech Challenges

  • Tech stack selection

    • The Aleph1 team has solid expertise working with ReactJS/NodeJS tech stack
    • The tech stack is battle-tested and proved itself in numbers of previous projects successfully released by Aleph1
    • HyperLedger Fabric was chosen because it is an open-sourced, enterprise-ready private blockchain solution

  • Data synchronization & encryption

    • Database-Blockchain data synchronization: One of the requirements was to provide traceability, history, and persistence of all the data modifications on the platform and keep data encrypted at the same time. The solution was to store data to the blockchain to provide traceability and persistence and synchronize the data with the cache database to enable running complex queries for the application and API.
    • Data Encryption: The challenge was to keep data in the database encrypted and provide a way for all company users to encrypt/decrypt the data with their own unique AES encryption keys.

  • Third-Party Integrations

    Bexio: integration with a third-party payment and invoice management system.

    Hubspot: integration with client relationship management system for marketing, sales, and operational purposes.

Delivery

MVP

The MVP contained all the core features required for banks and External Asset Managers to create relationships and securely share information and documents with each other. The following features were implemented in the MVP:

  • create User and Company accounts
  • open New Relationship flow by EAM
  • legal, financial, and organizational questionnaire (KY-EAM)
  • document management
  • validate Relationship Request flow by Bank
  • closing Relationship flow
  • In-app and email notifications
  • AES keys authorization and data encryption
  • Hyperledger Fabric blockchain integration
  • payment management (Bexio)
  • Hubspot integration
  • onboarding EAM and bank clients

Further development

This is an ongoing project. The next steps are:

  • Relationship Request New Validation Workflow
  • Onboarding real Clients: EAMs and Banks

We fund and build tech products to scale

Let’s work together to build something amazing. Share your project details and our team will reply to figure out the next steps to your success.

We fund and build tech products to scale

Let’s work together to build something amazing. Share your project details and our team will reply to figure out the next steps to your success.
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