Bitcoin Fund Management System

Problem Statement

The bitcoin-based fund management system is a pioneer in the bitcoin-based transaction system. The system was under development since early 2014 and when TechInfiniti took over in Jan 2016 the system had an uptime of only 15 days. The problem faced by the fund was on multiple fronts.

The Challenge

Amongst the chief problems that the fund faced-

  • BlockCypher, were some of the providers that BTCFund under the former development had employed but none of them could provide scale of operation that the fund required.
  • This problem created a ‘question of existence’ for the fund itself. The power of blockchain technology and distributed ledger with auto authentication was being denied to users.

Functional and Technical-

  • TechInfiniti inherited a rudimentary system with less than 50% of the go-to-market functionality in place. E.g. Cycled out operational process was not there, fund and accumulation calculation issues and very limited information available on user activation that wasn’t useful anyways, bugs in Registration process.

TI Solution

TechInfiniti took up system development in January of 2016 and the system was relaunched on April 30th 2016 with full go-to-market functionality-

  • Establish own bitcoin node based on Bitcore© for all Bitcoin Wallet operation including
    • Fully operational wallet service
    • Generating addresses (UUWAs)
    • Querying unspent outputs on own addresses (UTXOs),
    • Creating transactions
  • Developing the cycleout process
  • Correction of system and user logs, user structure, referral amounts
  • Revamping of UI to a framework (AngularJS) based implementation
  • Introduction of Locked Accounts
  • Launching of BTCFund Admin
  • Enable multi registration functionality

TechInfiniti is also looking at data centre operations for the fund and scaled up the cloud infrastructure considerably to handle increased users on the system.

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TechInfiniti Advantages

TechInfiniti offers innovative technology solutions that can be easily scalable with the requirement of the client and also our teams believe in ensuring that we keep ourselves abreast with the latest developments in the field of Information Technology.

TechInfiniti offers clients with services and solutions that are a perfect fit to their area of operations or expertise. Customization to suit the requirement of the client is one of the key areas we believe in and ensure we deliver on this parameter time and again.

TechInfiniti believes in using Open Source technology and collaborate the same with Commercial of the Shelf software for any domain which ensure that the total cost of ownership of the service or solution is reduced drastically and also the return on investment can be recovered in a short span of time.

TechInfiniti has always ensured that the services and solutions that are on offer to clients have the utmost quality standards. As the solution is customized to meet the requirement of the client, the performance of the service or solution is given utmost importance. We ensure that we consult the client on each and every aspect of operations that ensure that service or solution performs and delivers desired results to the client time and again.

TechInfiniti offers solutions which are developed using open source and commercial of the shelf software which results in making the solution more affordable to the client as the TCO and ROI factors help them incur huge amount of savings over a period of time.

TechInfiniti believes in providing quality solutions and services to all clients. This is a result of the methodology we use in creating the solutions or services for our clients by understanding their operational procedure and taking their suggestions on board during the developmental phase of the solution or service.

We at TechInfiniti have a unique development methodology where we using a combination of waterfall and scrum model of development. This includes getting the client involved during the developmental stage of the solution so that we could provide them with a solution or service that meets their specifications and also ensures that it delivers on all parameters defined by the client.

TechInfiniti as an organization has key capabilities when it comes to Infrastructure with over 4000 Sq Ft of facility which currently houses a data center with 24 hour power back up. With a connectivity of 7MBPS and 24 static IP address. A further 20000 sqft space is available for expansion.