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Development of a Secure Cryptocurrency Management Platform for Corporate Clients
  1. case
  2. Development of a Secure Cryptocurrency Management Platform for Corporate Clients

Development of a Secure Cryptocurrency Management Platform for Corporate Clients

ulam.io
Financial services
Information technology

Identifying the Need for a Secure and User-Friendly Crypto Operations Platform

The organization faces challenges in providing a robust, secure, and compliant platform enabling businesses to manage cryptocurrency investments and operations efficiently. Existing solutions lack seamless integration, advanced security features, and intuitive interfaces suitable for diverse user expertise levels.

About the Client

A mid-sized financial technology company specializing in cryptocurrency investment solutions for corporate and small business clients, aiming to enhance their digital asset management capabilities.

Key Goals for Developing a Next-Generation Crypto Management System

  • Create an intuitive, easy-to-navigate platform that simplifies cryptocurrency investment management for users with varying technical backgrounds.
  • Implement robust security measures, including multi-factor authentication, withdrawal whitelisting, and compliance with KYC/KYB standards, to safeguard assets and ensure regulatory adherence.
  • Develop custom multi-approval workflows to streamline transaction authorizations and enhance operational security.
  • Enable integration with external asset management and verification platforms, such as digital asset custody providers and identity verification services, to support comprehensive asset security and compliance.
  • Build a scalable architecture supporting real-time blockchain transaction processing and data accuracy
  • Ensure the platform is reliable, secure, and capable of handling high transaction volumes with minimal downtime.

Core Functional Requirements for Cryptocurrency Investment Platform

  • A clean, intuitive user interface designed for ease of use, featuring clear navigation and strategic layout for both novice and experienced users.
  • A bespoke multi-approval system facilitating secure, automated transaction workflows with multiple approvers.
  • Real-time connection to live blockchain networks for instantaneous transaction processing and account synchronization.
  • Secure login and access control measures, including multi-factor authentication and withdrawal whitelists.
  • Integration with external platforms such as digital asset custody, identity verification, and compliance systems.
  • Comprehensive audit trail and transaction history tracking for transparency and regulatory compliance.

Technology Stack and Architectural Preferences

Backend: Django, Celery, Redis, PostgreSQL
Infrastructure as Code: Terraform/Terragrunt
Frontend: TypeScript SPA (Create React App), SASS, CSS, d3, recharts
Cloud Platform: Google Cloud Platform (GCP)

Essential External System Integrations

  • Asset custody platforms for secure digital asset storage
  • Identity verification services for KYC/KYB compliance
  • Blockchain networks for transaction execution and real-time data updates

Critical Non-Functional System Requirements

  • High security standards with multi-layered authentication and authorization
  • Scalability to process high volumes of transactions with minimal latency
  • Reliability with 99.9% uptime and disaster recovery capabilities
  • Compliance with relevant financial regulations and data privacy standards

Projected Business Benefits and Performance Outcomes

The implemented platform aims to significantly improve operational efficiency, security, and user experience for corporate clients managing digital assets. Expected outcomes include streamlined transaction workflows, enhanced security posture, and support for high transaction volumes, ultimately increasing client confidence and market competitiveness.

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