IZNES, the leading blockchain-based marketplace for funds, has announced its adoption of Hyperledger Fabric as its new blockchain technology. This move signifies a significant milestone for IZNES as it continues to pursue growth and develop new services.
Hyperledger Fabric was chosen for its high level of security, confidentiality, and resilience, making it ideal for a regulated investment company like IZNES. With over 7 billion euros in assets under registry, IZNES aims to optimize operations and reduce costs for asset management companies and institutional investors. The transition to Hyperledger Fabric also allows IZNES to create its own smart contracts for current and future financial products while maintaining full control and ownership over the blockchain and software architecture.
AWS and TechMahindra were selected to assist with the transition, ensuring a smooth and seamless migration process. This move marks a new chapter in IZNES’s story as it solidifies its position as the leading blockchain-based marketplace for funds.