Jibrel
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Jibrel

Jibrel: November Update

Monthly Project Update — November 2019

Overall Project Status

  • Jibrel Platform: Product and tech have generated specs and mockups for the platform MVP, and continue to develop all the necessary frontend and backend components for it.
  • Jwallet: The team released a new version of the Jibrel Web wallet. Users can now unlock address-based wallets with mnemonics. The interface includes new colorful asset icons and a more predictable and intuitive navigation interface. Additionally, the team plans to release a minor update to iOS and a major update to Android within the coming months. We look forward to providing more information soon!
  • Backend: The backend team has shipped its Ethereum block explorer and Jticker components. The Ethereum block explorer and Jticker will be vital features for Jibrel products, including Jwallet as well as the Jibrel platform. The Ethereum block explorer is a required piece of infrastructure for serving high user traffic. Jticker will enable the product in question with a comprehensive fintech user interface that integrates user assets portfolio charts, historical rates, assets lists, dynamically changing asset parameters, and history load optimizations. On top of integrating these solutions into its products, Jibrel additionally hopes to open up its Ethereum block explorer as an API service for other projects to build apps that are optimally integrated with the Ethereum blockchain.
  • Jibrel Platform: The marketing team has been preparing the necessary plans, strategy, and assets for the Jibrel platform launch, including content, advertising copy and collateral, email marketing infrastructure, and more.
  • Events: In addition to the Singapore FinTech Festival (more info in BizDev section below), Jibrel participated in a number of events this month: DAS Markets (New York City); the Gulf Debt Capital Market Summit (Dubai), sponsored by the Gulf Bond and Sukuk Association (GBSA); Fintech LegalLabs (London), sponsored by Ashurst; and the Alternative Investment Management Summit (Dubai). Jibrel’s strong event presence has been helpful in gaining investor and startup connections for the Jibrel platform, developing relationships with regulators and other key institutional figures, learning from peers and competitors, and validating product-market fit.
  • In the News: Jibrel’s Co-Founder and COO, Talal Tabbaa, interviewed with Talk Cents in Dubai, discussing the Jibrel platform as well as recent developments in blockchain and fintech. Additionally, Tech Radar featured an article about the Jibrel platform, discussing the transformational potential of tokenizing traditional financial assets. Finally, Talal made it onto the International Tech Visionaries list of the Saudi Emerging Technologies Forum, which is supported by the Saudi Arabia Ministry of Communications and Information Technology (MCIT).
The Jibrel team was honored to take part in the 2019 Singapore FinTech Festival as a Global Hackcelerator Finalist
  • Jibrel Platform: The bizdev team has lined up legal policies and agreements for the new platform, and is operationalizing the investor and startup onboarding processes. Further, we have begun onboarding a number of high-quality startups in order to tokenize their equity for offering on the platform. We look forward to sharing more information on these companies once we are at the point of issuing these tokens. Finally, we continue to work with Abu Dhabi Global Market (ADGM) on this project under the direction of their RegLab and will share any additional news on potential next stages of regulation as those updates become available.
  • Central Bank of Jordan (CBJ): Jibrel has officially initiated the test program with CBJ, and have start onboarding test clients for the blockchain-based sending and receiving of international remittances of the Jordanian Dinar (JOD). The test will use Jcash, and test clients will utilize a version of the Jwallet specifically created for the CBJ project. We look forward to sharing more info within the coming months.
  • Singapore FinTech Festival: As a winner of the 2019 FinTech Abu Dhabi Innovation Challenge, Jibrel was a finalist for the 2019 Global FinTech Hackcelerator. Jibrel COO Talal Tabbaa pitched the Jibrel platform at the Hackcelerator final competition at the 2019 Singapore FinTech Festival. While Jibrel was not selected as a winner for the Hackcelerator, we remain incredibly grateful for the help and support of ADGM, KPMG, and MAS in this process. We have received valuable feedback and learnings that will continue to help with the development of the Jibrel platform. Further, ADGM graciously hosted Jibrel as part of their booth for the festival, and we were able to meet with a wide array of stakeholders within the global fintech ecosystem.

Achievements, Challenges & Limitations

Human Resources

Monthly Deep-Dive

12 Ways Blockchain Will Change the World by 2030

1. Store of Value

2. Finance

3. Voting

4. Retail

5. Taxation

6. Healthcare

7. Identity & Verification

8. Tokenization

9. Ownership Transfer

10. Education

11. Supply Chain

12. Charity

Conclusion

  1. With the Q1 2020 launch of the Jibrel platform MVP imminent, the company is implementing changes in organizational structure and workflow in a redoubled effort to focus on client onboarding and on building out the tech/product side of the MVP.
  2. The infrastructural side of the Jibrel project saw a number of upgrades in November, including to the Ethereum block explorer, Jticker price feed, and Jwallet Web. The tech team plans to launch additional improvements for Jwallet Android and Jwallet iOS within the coming months.
  3. Jibrel has initiated its Jcash test program with CBJ and has begun onboarding test clients. More details will be shared in the coming months.
  4. In the interim between 2019 and 2020, the company is taking stock of its successes and failures — evaluating how to optimize its approach in the new year.
  5. Along with the various use cases highlighted in the Deep Dive section, the Jibrel platform demonstrates a commitment to the mainstreamification of blockchain and the creation of systems that are truly driving long-term value for all involved.

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Jibrel

Jibrel provides tokenized financial assets such as equities, currencies, commodities and bonds, on the Ethereum blockchain. https://jibrel.network