A Groundbreaking Enterprise Key Management Solution To Manage, Store And ransact Crypto Assets

Products

Desktop/Mobile Application

INDUSTRIES

Technologies

Overview

This cryptocurrency wallet is an innovative enterprise key management solution that significantly enhances digital asset security within organizations. This is achieved through its sophisticated mathematical framework that incorporates precise access controls. This not only bolsters security but also empowers enterprises to introduce new and valuable customer services, adapting swiftly to market dynamics.

This crypto wallet stands out as a substantial advancement despite the crowded market landscape. The company’s goal is to establish the crypto wallet as the go-to choice for the general public, offering enhanced security and usability for managing digital assets.

Challenge to overcome

The main challenge in creating this application was to smoothly connect it to multiple other trading platforms to make easy, convenient transactions. The application is also connected to other crypto wallets to provide users with a comprehensive currency management solution.

Another point to note is that in this engagement, the PowerGate team was in charge of front–end development and integrating it with the API created by the client’s team, while the client’s in-house team carried out the back-end part. Making sure that our team and the client’s team were both on the right track and not affecting each other’s progress was an important task. PG’s product manager stepped up and became the middleman connecting the two teams. A Jira channel was created as the main communication tool, and meetings were held to plan out each part of the work our front-end team was doing. This way, the client could see, review, and comment on the work for timely adjustment.

Key features

Some of the highlighted features of this innovative cryptocurrency wallet are:

– Secure Storage: this cryptocurrency wallet stores users‘ private keys with a higher-than-industry-standard level of security

– Public and Private Keys: the wallet provides users with a pair of keys – a public key for receiving funds and a private key for signing transactions and accessing their funds.
– Multiple Cryptocurrencies: this wallet supports various cryptocurrencies, allowing users to manage different types of digital assets in one place.
– Transaction Management: users can send and receive cryptocurrencies, view transaction history, and monitor balances.
– Address Generation: this product can generate unique addresses for each transaction, enhancing privacy and security.
– Network Integration: the crypto wallet can connect to different blockchain networks, allowing users to interact with various cryptocurrencies.

Achievement

Following its launch, the mobile and website application garnered considerable acclaim. Its pioneering features and user-friendly interface played a pivotal role in enabling the founders to secure a substantial funding amount of US $2,000,000 across two funding rounds.