About the company
Based in Genève, Switzerland, Lamden is a developer devoted to helping its clients build and generate revenue from blockchain powered smart apps. These blockchain powered apps facilitate the process of recording transactions and tracking assets in a business network.
About the project
Lamden needed an Ethereum Proof-of-Authority Network application that could serve as a managed and decentralized ledger for USD tokens. Each of these tokens represents one U.S. Dollar in a Lamden business bank account. Users would be able to sign up and deposit funds into the platform. Proof-of-Authority (PoA) is an algorithm used with blockchains that delivers comparatively fast transactions through a consensus mechanism based on identity. In PoA-based networks, transactions and blocks are validated by approved accounts, known as validators.
How we worked with the client
We took 100% control of the Ethereum Proof-of-Authority Network application from Lamden. Using an agile framework, we worked closely with the client by providing demonstrations every two weeks to show progress and address any questions or doubts that arose during the process. We have been proactively adding features while making the application stronger through the development of more controls.
The Ethereum Proof-of-Authority Network application is now in use supporting the blockchain technology at Lamden. We continue to make incremental and iterative improvements to provide more functionality for developers of apps using blockchain to secure their financial transactions.