CyberTrust — helping banks to buy Bitcoins

Artyom
2 min readNov 18, 2017

CyberTrust is a company that provides services for the sale and management of assets of potential investors.
https://www.cybertrust.io/

When creating the platform, developers encountered the following problems:

  1. The risk of theft through violation of cybersecurity.
  2. There is no judicial enforcement process in case when something goes wrong;
  3. Clearing and settlement risks are large;
  4. Lack of own cryptocurrency.

CyberTrust has invested resources, time and energy in creating a solution for the tasks described above. In particular, CyberTrust took such measures as the inclusion of cryptocurrency in security requirements, the creation of global encryption of notes (GPS), so that every computer owner will have legal rights to their assets, working through the BTC, ETH and VSN.

Outside storage services are provided by a program for protecting private keys underlying crypto assets in a specialized protected facility — cold storage(s), including insurance for all hot wallet operations.
https://www.cybertrust.io/

All global operations will have registered international securities.

This platform is now working with its CABS (Crypto Asset-Backed Securitization), which is a transit for income based on the difference in a transaction cost. It will be released on the basis of the ERC20 standard on the Ethereum blockchain platform, and will become the currency supported by all ERC20-compatible wallets.

The CyberTrust company will act as a traditional bank for storing cryptocurrency. In this case, the CyberTrust approach is based on the technologies and methods that have been used by large financial institutions for decades.

This includes various technologies and solutions, such as:

  1. Seventeen databases in memory (IMDG) for scalability and performance;
  2. Nine security networks to prevent fraud and detect violations;
  3. High client account security with features such as multifactor authorization via SMS / voice / video or through trusted addresses;
  4. Convenient integration with existing financial market infrastructure, such as gateways.

CyberTrust will start its existence as a fully automated platform in the second quarter of 2018. It is expected that additional services will be available online, for example, forwards / futures, derivative financial instruments and other structural products. They will be available to corporate and private customers through various channels, including online and mobile services as well as through the API.

Website: https://www.cybertrust.io/
White Paper: https://www.cybertrust.io/CyberTrust-WhitePaper.pdf
Author: https://bitcointalk.org/index.php?action=profile;u=980049

--

--