The Washington, D.C.-based company is launching an early stage blockchain technology startup to work on its first projects.
Fintec, based in the United Kingdom, is looking to work with blockchain technology as a way to address some of the problems plaguing traditional software development.
“This is a way of moving forward in the blockchain space, which has been a hot topic in the last year,” said Alexander Semyonov, CEO and co-founder of Fintech.
The startup is working with a number of blockchain technology companies to create its blockchain technology.
The firm is also working with blockchain startups to design a platform to manage its own assets and liabilities.
Fostering the blockchain “The most important thing for us to do is to make sure we are creating a product that has a lot of potential to be a good alternative for the existing software development model,” Semyonsov said.
“And in that way, the platform will provide us with the ability to make the software development process easier, and we will be able to make more of our investments.”
Fintek has been working on its own blockchain startup for about a year.
Semyensov said he believes the company will be a big success.
“Fintech is looking at blockchain technology in the context of what we do with existing software,” he said.
The company is not a member of the Bitcoin foundation, but it is working to promote blockchain technology for other purposes.
Simeonov said the company’s technology will be used to manage software projects, but that he would not say if the company was working on a full-fledged cryptocurrency-based cryptocurrency.
Sipa-Gulshan Parvez is a staff writer for The Washington Times.