IBM has awarded Cryptoenter DeFi solution as ‘Most Promising Fintech Solution Using IBM Clould Services‘

Cryptoenter DeFi platform named ‘Most Promising Fintech Solution’ by IBM.

Digital banking solution Cryptoenter allows financial institutions to offer a full range of DeFi services without any extra blockchain infrastructure. The platform already has 15,000 active users and recently received a prestigious award at the IBM Think 2020 event.

The first DeFi platform for banks

Cryptoenter is the flagship product of Smart Block Laboratiry a ready-to-use digital banking infrastructure that can turn any bank or business into a DeFi hub. Any financial institution that implements CryptoEnter can immediately offer a wide range of crypto-related services:

An integrated cryptocurrency/fiat wallet;
P2P lending;
Real-time exchange of values;
Instant cross-border payments;
Crowdfunding;
Interbank payments;
Digital acquiring;
Issuing digital derivatives, stablecoins, and NFT tokens;
A social network for investors, and much more.

Cryptoenter is the first DeFi product to use Hyperledger Fabric - a fast and scalable blockchain infrastructure that enables speeds of up to 20,000 transactions per second. As of November 2020, the project is fully operational and running a MEO (Market Expansion Offering) - a limited token sale aimed at scaling.

Honored by IBM

In June 2020, Cryptoenter was featured at PartnerWorld - part of the IBM Think virtual event..The digital banking platform was named "Most Promising Fintech Solution Using IBM Cloud Services." It’s worth noting that the developer, Smart Block Laboratory, is an IBM Silver Business Partner, and the platform itself uses many solutions by IBM, including Cloud Object Storage and Kubernetes Cluster.

Banks around the world can already integrate with Cryptoenter through IBM Marketplace. The platform has been thoroughly audited by IBM specialists and will soon become available in open search on IBM Cloud.

Cryptoenter already boasts over 15,000 active users. A few weeks ago, the platform signed up SKS Bank - a popular Russian financial institution. Soon all SKS customers will gain access to P2P loans in cryptocurrency, instant transfers, blockchain-based investments, and many other DeFi services. Negotiations with several more banks are underway, paving the way for a close and productive partnership between traditional finance and the world of DeFi.

The Smart Block Laboratory team expresses their gratitude to IBM for the award, which comes after three years of intense development work. Learn more about Cryptoenter and join the MEO (Market Expansion Offering).

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