Ukrainian IT firm Simcord LLC is a leader among the companies developing cutting-edge technologies. The company cooperates with the Research Center of Legal Solutions in the Area of Application of Distributed Ledger Technologies and participates in roundtables and conferences opening up new opportunities for its development.
The company’s main projects are related to software solutions. However, they significantly differ from standard developments due to their ready-made complex solutions for management of high-tech business. The key characteristics of the company’s products are as follows:
• high level of security;
• increased response speed of the system;
• reliability.
Along with software, the company develops models for business strategy maintenance. It includes the following: organization of information security systems, legal consultation and support, load testing, modeling apps efficiency and performance, aggregation of data flows, development of complex solutions for customer and technical support, etc.
The essential part of Simcord activity is blockchain developments. The company provides consultation in the field of digital technologies on international financial markets, particularly:
• supervises implementation of projects related to digital assets and blockchain technology;
• provides consultation regarding entering international markets, calculates and maintains big projects, searches for optimal ways for implementing projects;
• provides financial consultation on digital asset registration, processing execution and other matters;
• provides technical consultation at all stages of project implementation.
Blockchain protocols and consensus algorithms are unique software solutions for the management of high-tech business. Simcord develops blockchain protocols, assists in integrating the blockchain network, creates consensus algorithms and smart contracts, modifies existing platforms, as well as develops and implements protocols for distributed systems.
Simcord CEO Alexander Kud is also a representative of scientific community. He is an author of several research papers dedicated to the blockchain technology, digital assets, Bitbon system and economy digitalization. Simcord successfully cooperates with public and private sectors, as well as participates in international conferences and forums. In particular, the company’s representatives attended the German-Ukrainian economic forum “Kharkiv — Development and Investments”.
Simcord has conducted a tremendous work on studying and presenting the term “digital asset” and the Bitbon system, an information platform that helps manage any values using digital assets. It facilitates the creation of a new market of information resources based on the distributed ledger technology. Studies allow determining the definition and showing capabilities of the Bitbon system in the international legal field.
Simcord founder Alexander Kud and the company’s representatives participated in the III Kharkiv International Legal Forum and roundtable “Standards of Blockchain Tools”. During the events, the company presented its achievements, particularly the test for correspondence of a blockchain token to a digital asset, by specifying the notion of a digital asset and defining its components. Nine criteria used to define characteristics of a blockchain token as a digital asset were presented, which fully meets current international legal standards. Accuracy is mathematically proved.
The innovative developments will allow any company to use the blockchain technology more effectively to optimize its activities, as well as produce competitive and innovative products and services.
Simcord is a good example of a successful IT company on the modern market of innovative technologies. Fruitful scientific and legal cooperation, as well as the interest of the state and private sectors in Simcord developments and products confirmed the prospect of its activity, which opens up new opportunities for national and international cooperation.
