2016 Fintech Innovation Lab participant AlphaPoint has completed a proof of technology trial with Canada’s Scotiabank
Blockchain services firm AlphaPoint has completed a proof-of-technology trial of its blockchain platform for Canada’s Scotiabank.
The AlphaPoint Distributed Ledger Platform (ADLP), which was deployed over a multi-month project, allows for the digitizing of assets, creation of trade venues, and the managing of pre- and post-trade workflows. During the trial, the ADLP was deployed on both Microsoft Azure and AlphaPoint’s own hardware, the blockchain firm said.
The ADLP was first announced in late 2015 and the company has been “more or less in stealth mode since then”, with the Scotiabank deal being its first major public announcement. According to the company, it currently has 14 customers at various stages of testing and using the platform.