Tag: Hyperledger

KoreConX Announces Membership in Hyperledger #26 September 2018

Revolutionizing Tokenized Securities with Hyperledger Fabric

[New York, NY – September 26, 2018] – KoreConX is excited to announce it is now a member of Hyperledger.

The future of global private securities and capital markets is in tokenization with a commitment to full compliance with securities regulation and corporate law. This requires a strong focus on safety, security, and investor protection.

“Such a serious endeavor requires serious technology. We find that private companies, investors, broker-dealers, and lawyers are most concerned about regulatory protections and wish to be fully compliant. They also want to steer clear of technologies that have no history, no credibility, and no adoption by major financial institutions. Hyperledger brings a community of proven professionals to create stable and credible solutions. We are proud to be members of Hyperledger,” said Oscar A. Jofre, CEO of KoreConX.

Hyperledger provides a true enterprise-class permissioned blockchain that does not commingle the economics of securities and other assets with that of cryptocurrency. This makes for a more focused and safer environment. Modularity, immediate finality, performance, and scalability are key features that influenced KoreConX’s adoption of Hyperledger Fabric.

“Security, especially in the financial services space, is one of the most compelling use cases for distributed ledger technologies,” said Brian Behlendorf, Executive Director, Hyperledger. “We welcome the expertise KoreConX brings to our community and look forward to seeing the ways they enhance and extend Hyperledger Fabric for their customers and the industry at large.”

The security and stability provided by Hyperledger Fabric are some of the key elements that allow the creation of the KoreToken, a fully-compliant security token.

“We are thrilled about developing and launching KoreTokens on our KoreChain. KoreConX’s AI-enabled blockchain is based on Hyperledger Fabric. Our security token protocol, called the KoreProtocol, handles the complete lifecycle of the security token, from issuance, secondary trading, and all types of corporate actions. Our task is made easier since Fabric handles, in a modular way, the core blockchain services such as cryptography, consensus, and the distributed ledger database,” said Dr. Kiran K. Garimella, KoreConX’s Chief Scientist and CTO.

For more information visit www.koreconx.io

About KoreConX
KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.

www.KoreConX.io

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KoreConX Adopts Hyperledger Fabric for the Financial Services Market #21 June 2018

A blockchain that can support, manage, track and keep all stakeholders compliant within regulated financial markets

New York, NY (June 21, 2018) – KoreConX, the first all-in-one business platform for small to medium-sized enterprises (SMEs), today announced the adoption of Hyperledger Fabric as the foundation for its blockchain platform helping SME’s issue fully compliant security tokens.  

KoreConX’s new KoreChain, is the first all-in-one decentralized permission-based blockchain platform for private companies to manage company records and capital market activities including: fundraising, mergers and acquisitions (M&A) and investments. Adoption of Hyperledger Fabric offers an added layer of safety and security that regulated companies in financial sector need for blockchain applications.

“Hyperledger Fabric has been engineered from the ground up to address the requirements of security, safety and interoperability in large enterprise-class systems,” said Dr. Kiran Garimella, chief scientist and chief technology officer of KoreConX. “Fabric’s modular architecture allows us to implement real-time adaptability for various architectural elements of our KoreChain. This flexibility is vital given the enormous complexity of securities.”

Unlike other blockchain technologies, the modular architecture of Fabric maximizes safety, resilience and flexibility specific to financial services with features including:

  • Permissioned membership for ensuring data protection, know your client (KYC) and regulated custodianship of tokenized securities
  • End-to-end encryption to protect transactions
  • Multiple channels to ensure confidentiality between various participants
  • Modular architecture for identity management, consensus, policy services and crypto abstraction
  • APIs for interfaces between applications from ecosystem clients

“This will change the way private capital markets issue security tokens. Hyperledger Fabric was the clear choice to provide safety and security for the highly regulated financial markets,” said Oscar Jofre, co-founder and CEO of KoreConX.

About Hyperledger
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger under the foundation. To learn more, visit: https://www.hyperledger.org/.

About KoreConX
KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital. Register your company for FREE www.koreconx.com.

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Media Contacts:
KoreConX
Danielle Higgins
danielle@kinsta.cloud

IBM’s Keith Bear Joins KoreConX Board of Advisors #19 June 2018

Keith Bear brings more than 35 years of capital markets, blockchain networks, systems integration and delivery experience to KoreConX

New York, NY (June 19, 2018) – KoreConX, the first all-in-one business platform for small to medium-sized enterprises (SMEs), announces Keith Bear as a member of its board of advisors. Keith is responsible globally for the strategy and development of IBM’s business in financial markets and for the past three years has led or contributed to most of IBM’s blockchain engagements in the Financial Markets industry—working extensively with fintechs.

“I am delighted to have been invited by KoreConX to join their distinguished board of advisors and look forward to advising them on their mission to transform the way that private companies can better manage their financial position through blockchain technology. I am particularly pleased to be working with KoreConX on their planned use of Hyperledger Fabric,” said Keith Bear, vice president, Financial Markets, IBM.

Keith works extensively with global clients on their major transformation programs, typically on the cutting edge of shaping IBM’s solutions. He has worked with financial markets infrastructure firms such as CLS, LSEG and DTCC, trade finance organizations such as the We.Trade bank consortium, and leading global banks on deployment of Blockchain technologies. In addition to KoreConX, Keith is a lead mentor for three of the 2018 cohort in the Barclay’s Techstars Fintech accelerator.

“Our team at KoreConX is excited to have Keith as part of our advisory board.  Having provided leadership for the many global installations on Hyperledger Fabric in the financial services sector, his insights will be very valuable not only for us at KoreConX but also for the private capital markets globally,” said Oscar Jofre, co-founder and CEO of KoreConX.

Keith holds a First Class Degree in Physics from Corpus Christi College, Oxford, an MSc in Particle Physics from University of London, and completed an IBM Master in Business Management program at London School of Economics. He is a member of IBM’s Industry Academy and a Board Director for the Enterprise Data Management Council.

About KoreConX
KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital. Register your company for FREE www.koreconx.com.

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Media Contacts:
KoreConX
Danielle Higgins
danielle@kinsta.cloud

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