FIU Discovery Lab Members Build a Decentralized Banking System on Top of Bitcoin

by irvin on Dec 14, 2014


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The four entrepreneurs have combined training in hyper-scale distributed financial systems, decentralized Bitcoin applications, artificial intelligence algorithms, and developing machine learning. The group was drawn from the two universities — Stone Hill College and Florida International University (FIU) — and their company, Master Branch is a startup that competed against 20 other companies for the final prize of US$100,000. For the competition, they named their team Decentral Bank to reflect their ideas.

The team was the only university group in the competition, as well as the only team to present a Bitcoin solution that will allow banks to accept Bitcoin without actually managing cryptocurrencies. They accomplished the task by implementing multisig technology. You can view the white paper here......

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