Trading platform TrakInvest has announced its migration to Hedera hashgraph. One of the first projects that will take advantage of this migration is the Digital Certifications Program (DCP), bringing academic certificates for Asian institutions on a public ledger.
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Bobby Bhatia, Founder & CEO of TrakInvest commented:
“We are very proud to be working with Hedera hashgraph on a number of initiatives. We believe Hedera will provide the best in class platform and technology solution for TrakInvest to execute its current and planned product offerings including certifications, Trak AI prediction tools, and financial products,”
Never before seen consensus protocol
Hedera hashagraph is a platform that uses a new consensus protocol. Unlike other cryptocurrencies, it doesn’t require a proof of work algorithm that is computationally intensive.
The platform uses an algorithm called virtual voting consensus, which was created by Dr. Leemon Baird. It boasts near-perfect efficiency in bandwidth usage and can support hundreds of thousands of transactions per second and verifies over 1 million signatures every second.
Finally, the time it takes for a transaction to become immutable, is measured in seconds. Consensus is 100% certain, with Hedera guaranteeing no changes.
The platform is also secure: being the only distributed ledger using asynchronous Byzantine fault tolerance. Having aBFT security is what enables Hedera to guarantee consensus in real time, as well as be resistant DDoS attacks.
Hedera’s ability to support thousands of transactions per second
Hedera’s ability to handle high volume transactions at lightning speed makes it a perfect complement to TrakInvest’s business model. The “learn, share, earn” business model gives an array of tools to the retail investor.
One of the most prominent services the trading platform provides traders is the “TRAK feature”, which allows users to share/follow real-time trading data of others for a fee. As the platform scales, Hedera is still able to handle these payments, keeping up with a real-time market that never sleeps.
TrakInvest already has over 100,000 users across Asia, since beginning in 2014. Since then, it has spread from its headquarters in Singapore to operations in Thailand, Hong Kong, and India.
The migration will also benefit existing partners of TrakInvest, like significant improvements in throughput, security, and transaction costs. Hedera looks to solve many existing distributed ledger chokepoints in speed, fairness, cost, and security.
Edgar Seah, Head of Asia Pacific for Hedera, said:
“Increasingly, organizations and applications want to use Hedera because of its speed, fairness and security. We will enable developers to build a new class of distributed applications never before possible, and are excited that TrakInvest has selected Hedera as its platform of choice.”
Upcoming for TrakInvest
The future for TrakInvest is the launch of a new AI Engine tool, scheduled for release in August 2018. The AI Engine tool will give traders new market insights from heterogeneous data. TrakInvest’s upcoming offering is split into three parts: TrakInvest Knowledge Graph, Sentiment Engine, and Continuous Learning.
These three initiatives will allow anyone that has TRAK Tokens to access the engine and make more educated trading choices.