Automata

Introduction

A Blockchain product

Automata is a blockchain product. It is a digital bank that can store and exchange global currencies on Blockchain along with a Robo advisor for investments.

background

We had to develop a digital bank that can store and exchange global currencies on Blockchain along with a Robo advisor for investments.

Challenge

There was no such platform which is an alternative to the traditional banks. We have to finalize the tech stack and must ensure that the application is super secure with a seamless UI/UX.
We had to develop several banking services like transfer, withdraw, Invest, and deposit currencies in a realtime environment for 24 * 7 every day.

Solution

We have developed their web & mobile application and now we are providing maintenance and support services.

We developed the platform from scratch and it has been made as simple to use as possible, on mobile or on desktop. Also, we developed a blogging platform as well where finance-related articles/news are posted.

Technology used:
We used the following technology stack:

Java, Springboot
Material UI, AngularJS
MongoDB,
AWS

In the first stage, we developed a wallet where users can store/deposit currencies. The currencies can be of multitype. Also, we made it secure by using Spring security, 256-bit encryption and SHA(Secure hash algorithm).

Then, we developed the automated investment platform which invests user’s money in different currencies automatically. This platform uses institutional-grade security and data protection measures designed to keep your investment safe.

The Impact

Automata is in the process of becoming a small electronic money institution by the UK Financial Conduct Authority, known as the FCA, to secure our UK and European licenses.
It supports 150 cryptocurrencies and mainly withdrawal/deposits occur with BTC, XRP, ETH and LTC.

Client’s review:

“Great team of developers. We got all the support needed and development went very smoothly. Can highly recommend working with them. Vishal is very experienced as he has lead numerous developments so he is able to provide detailed knowledge to help you guide the project in the right direction.” Mathias Kurz, co-founder Automata.

NexThoughts is a complete Software Solutions Company with a team of 55+ professionals having expertise in Software & Web Development, Testing and maintenance of high traffic web applications.

Services

Web Development

Cloud Solutions

Blockchain Development

Product Development

Product Re-engineering

Automated Testing

Company

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