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Cryptocurrency services provider Ethos unveils institutional blockchain solutions platform

Tony Zerucha

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Ethos, a cryptocurrency services provider, today unveiled its institutional blockchain solutions platform Ethos Bedrock.

Ethos Bedrock is a blockchain financial services (BFS) platform. The company said Bedrock was built with the vision of making blockchain and cryptographic protocols as easy and accessible to as internet protocols. Using it, institutions can  leverage digital asset technology and lay the groundwork for crypto financial services such as custody, liquidity, brokerage and lending.

Ethos’s flagship product, the Universal Wallet, runs completely on Bedrock APIs and is Bedrock’s first reference application, supporting more than 90,000 users worldwide and performing more than 400,000 transactions after connecting with a variety of blockchain networks.

“Nearly every fintech firm views blockchain as the next paradigm shift for digital finance, but the wide array of blockchain and crypto protocols and frameworks have long been complex and inaccessible–until today,” said Ethos founder and CEO Shingo Lavine. “Bedrock provides the infrastructure for a whole new wave of revolutionary new blockchain-based products and services that will power the digital economy of the future.”

Bedrock’s technology includes structures enabling institutions to create their own crypto wallets, liquidity and custody services, as well as custom solutions for blockchain integration, alerts, identity and transaction monitoring. They use open peer-reviewed standards such as BIP32, BIP39 and BIP44 which enable institutions or their customers to keep hundreds of digital assets through Ethos’ SmartKey technology.  Bedrock also includes an abstraction layer offering support for multiple blockchains and custom digital assets.

Bedrock is powered by the ETHOS token which is designed to provide utility and access throughout the Ethos ecosystem. Business partners may utilize and stake the Ethos token to unlock access to the system, pay for the fees, and receive discounts.  A gas mechanism protects the network from malicious or inefficient applications and provides reduced fees.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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