QUICK READ. Bridging the Gap: How Ivykoin will revolutionize banking.

5 min readMay 22, 2018

by A.R. Lawrence

The following article does not constitute financial advice — it expresses a personal opinion based on information readily available on the Internet (linked sources can be found at the bottom). This article also comes in long-read format.

We’re currently in an age where technologies that would have been incomprehensible twenty years ago are now taken for granted, and ones which we relied on a decade ago have become obsolete. Cryptocurrency is but the latest in a long line of technological advances, which can trace its routes back to Charles Babbage, Ada Lovelace and, later, the cryptographers at Bletchley Park. This article considers the future of money, and discusses which players are likely to succeed in bridging the gap between regular (FIAT) currency and crypto.

Cryptocurrency & the future of money

In 2017, cryptocurrency went from being a relatively unknown technology to the latest buzzword on everyones lips. With the launch of easily accessible Crypto exchanges such as Coinbase, Binance and Bittrex, we saw a massive bull-run on Bitcoin and other altcoins. Let’s make no mistake — Blockchain technology and cryptocurrencies pose a massive threat to traditional financial institutions. This is for good reason as, compared to traditional forms of currency, cryptocurrencies are:

Faster

Easier

Cheaper

Trackable

Data Rich

More Secure

The question is what these threatened financial institutions will do about crypto. Will they ignore it? Will they seek to crush it? Or will they enter the Blockchain ecosystem and try to control it? My bet (completely unhedged) is the latter — they will throw massive resources at trying to dominate this wealth-creation juggernaut.

So, if we agree that Cryptocurrencies are here to stay, with the potential to dominate both peer-to-peer and interbank transactions, which technologies may be of use to financial establishments wishing to integrate their highly profitable operations with the Crypto world? There are a few companies trying to bridge the gap, but this article will focus on one — Ivykoin.

IvyKoin

Ivykoin is a network that will enable Know Your Customer (KYC), Know Your Transaction (KYT), and Anti Money Laundering (AML) data supporting transactions to be captured using Blockchain-based cryptocurrency. The main advantage Ivykoin has over its competitors will be its ability to embed far more compliance and transaction audit information than incumbent payment networks. Ivykoin is centered on financial regulation compliance and, when government bodies such as the SEC crack down, this will become an important selling point.

How does Ivykoin compare to its competitors?

The above infographic is extracted from page 15 of ivyKoin’s Whitepaper.

Why have I never heard of ivyKoin?

Unlike many other cryptocurrencies, Ivykoin did not hold a public ICO, instead seeking out investors through a series of events held in major Australian cities, followed by a private sale token generation event which raised $US16.5 million in capital.

What about the Ivykoin team?

Under President Gary Fan, formerly of CTC Bank Corp, IvyKoin has managed to bring together a unique skillset. The breadth of both their financial and technological experience is impressive, as is the status of people on their advisory board. A full list of the corporate structure can be found on ivyKoin’s website. The main advantage of ivyKoin’s team is their ability to get through the doors of large financial institutions, due to their management’s previous experience holding high-level positions within similar companies. They understand the problems that banks face, and are blue-sky thinkers who can effectively communicate a Blockchain-based solution.

Tech Selling Points:

Ivykoin is “a blockchain-based financial compliance product facilitating secure, transparent business payments” .

IvyKoin is a utility token that will attempt to fill the niche market, that is, addressing KYC, KYT, and AML requirements for transactions over $10,000. Ivykoin’s technology is “chain agnostic”, which means that it could potentially be used on any Blockchain. Unlike many apps and utilities being built, this design ensures that it is insured against platforms becoming obsolete or outperformed.

Will IvyKoin revolutionize the world?

Ivykoin is not looking to undermine the traditional financial system, or even compete with it. What it is looking to do is offer financial institutions a way to utilize blockchain technology effectively, creating efficiency gains and wealth in the process.

Although cryptocurrencies have now entered the collective conscious, most will fail. But the ones which survive are likely to become behemoths — the Alibabas and Amazons of the future. Blockchain and “distributed ledgers” are highly disruptive technologies; so, potentially, is Ivykoin.

The coming revolution in finance will not happen overnight- it will likely be more a paradigm shift. Ivykoin is set to become a major player in the vast landscape of Blockchain & distributed ledger technologies — one of only a few companies truly integrating FIAT into the Blockchain ecosystem.