Softjourn

Blockchain Development & Consultancy Services

Leveraging Blockchain Solutions

About Blockchain

Blockchain is a distributed ledger recording technology. Participants of the blockchain system are interconnected via a peer-to-peer network. The main element of the blockchain technology is a distributed database that maintains a continuously-growing list of records called blocks that are the containers including transactions.

Blockchain has the potential to enhance security, speed and operational efficiency for banks and Fintech companies in several areas, such as payments, asset management, loyalty and loans. It can also be used to resolve bottlenecks within regulatory processes such as Know Your Customer (KYC), fraud and Anti-Money Laundering (AML).

Blockchain Platforms
ETHEREUM
ETHEREUM
Hyperledger Burrow
Hyperledger Burrow
Hyperledger Fabric
Hyperledger Fabric
Open Transactions
Open Transactions
Quorum
Quorum

Ways We Use a Blockchain

Smart Contracts
Smart Contracts
Instead of manual paper work, smart contracts as computer programs automate tasks, reducing time and money. Being a part of a decentralized system, they don’t require human intermediaries. A smart contract not only defines the rules and penalties around an agreement but it can also automatically enforce those obligations.
Cryptocurrencies
Cryptocurrencies
Although our crystal ball isn’t big enough to predict how or when cryptocurrencies will enter the financial mainstream, we do know that at the end of this journey, cryptocurrencies—and, particularly, the distributed ledger technology that supports them—will be an important and permanent part of the financial services landscape.
Ethereum
Ethereum
Ethereum is an open-source, public-access, blockchain-based computing platform. Softjourn has experimented with Ethereum and notes the following advantages: It is the most developed solution and the easiest to use; third parties are not required to provide contract functionality; a large community supports the blockchain ecosystem.
Quorum
Quorum
Quorum—a blockchain platform, which is an enterprise-focused version of Ethereum—is ideal for any application requiring high speed and high throughput processing of private transactions within a permissioned group of known participants. Quorum addresses specific challenges to blockchain technology adoption within the financial industry and beyond.

Blockchain Development

Design Thinking
1Design Thinking
While working on new projects we usually use a design thinking approach, which is focused on collaboration between developers, designers and users. After the following:
 
  • Empathize. Understand the problem.
  • Define. Put the data together and describe the problem right.
  • Ideation. Prepare for action.
  • Prototype. Make a touchable version of the product
  • Test. Check that the prototype looks great and works well.
We are able to give life to your ideas!
Custom Development
2Custom Development
You have an excellent idea of a blockchain-based solution but don’t know what to do with it? New app, coin or service – how much do you need to build in order to show to investors, to get potential clients on board or just to start selling? Speculators, technology bloggers, early adopters, journalists – how to get the interest of all these individuals? What is going to separate your company from the crowd?
 
Hard to decide. Sounds like you might need a Proof of Concept (POC), Prototype or Minimum Viable Product (MVP). At Softjourn, we understand the need of all these types of solutions and know that each of them minimize time and cost of implementation. With our support as a trusted partner, you will increase revenue by improving or releasing new services.

What We Provide

Extensive Domain Knowledge
Extensive Domain Knowledge
Softjourn has been exploring blockchain—doing internal proofs of concept and working with banks to leverage the blockchain ecosystem. The questions we help our clients to answer are: “Why use blockchain? Why do banks need it? What are the use cases that work for my organization?”
Latest Insights
Latest Insights
Fintech is growing rapidly, and conferences held around the world are a great way to stay current with the latest financial trends, hear from the experts and dive deeper into cutting-edge financial technologies. At Softjourn, we believe that staying aware of where fintech is going is absolutely critical, especially for those who work on blockchain projects.
Creativity and Innovation
Creativity and Innovation
At Softjourn, we're living the blockchain experience as we support our international client base in applying the technology to address their business challenges. Believing the best way to understand technology is to use it ourselves, we introduced blockchain into our corporate culture, launching our own product called SJ Coins (built on Monax, a private Ethereum-based blockchain). The coins are currently used in our snack vending machines—which, with a staff of more than 185+ employees being developers, are in constant use—and we’ll soon expand SJ Coins to underwriting social projects suggested by employees.
Expert Talks
Expert Talks
We’re exploring blockchain as part of our ongoing Softjourn Expert Talk Series, in which we connect with global tech and business leaders, who share their perspectives, keeping us forward thinking. Recently, we asked Dr. Andreas Freund of Tata Consulting Services, a passionate blockchain advocate and authority, to share his thoughts on a realistic path to blockchain adoption. We also spoke at length with Dr. Neil Wasserman, who combines an analytics-based consulting practice with teaching graduate students at The George Washington University, where he also leads the George Washington Blockchain Pilot Lab for Global Health.

Example Projects

Cryptocurrency Banking Service
Softjourn recently developed prototype functionality, which we call our Cryptocurrency Banking Service.
Read More
Innovative Blockchain Loyalty Program
Gain real-life experience by doing the research and building something.
Read More
Creation of a Financial Instrument at the EIB Challenge
The European Investment Bank (EIB) Blockchain Challenge, the first competition of this kind organized at the EU bank.
Read More

Partnership & Recognition

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