By
Svetlana Soroka
September 27th, 2023
Singapore-based, AI-powered virtual social trading platform TrakInvest has thrown its hat in the ring aiming to become one of the first Asian-based projects to use Hedera Hashgraph’s distributed ledger technology.
Virtual trading and investment tracking platform TrakInvest is planned to migrate to the Hedera Hashgraph, which works to be the trust layer of the internet, providing a new form of distributed consensus with people never needing to trust each other.
This perfectly fits into the objectives of TrakInvest, which is already engaged in trust-related processes such as tokenization of academic certifications, reputation systems and trading data ownership.
Via collaborations with educational institutions, corporations and states, TrakInvest has successfully provided digital certificates, upskilling programs and employment opportunities.
With the Hedera Hashgraph, it will develop is Digital Certifications Program (DCP) to design the infrastructure necessary for Asian institutions to port academic certifications onto blockchain.
TrakInvest Founder and CEO Bobby Bhatia expressed his pride to be collaborating with Hedera across several fronts, believing it to be the most suitable platform and tech solution for TrakInvest to achieve its aims – “to execute its current and planned product offerings including certifications, Trak AI prediction tools, and financial products”.
Empowering Retail Investors
While the migration to Hedera will bring immediate benefits in the form of throughput improvements, security enhancements and lower transaction costs, the Hedera Hashgraph public ledger will also solve several DLT issues connected with speed, cost, security and fairness.
TrakInvest allows mainstream investors to be in control over their investments, enabling them to better “learn, share, earn” via record tracking and transparency, augmented by sophisticated analytical and AI tools facilitating strategies and decision making.
Learners can enroll in a program to certify their trading skills, or obtain expert insight, while veteran investors can access real-time market data from all over the world.
Key TRAK feature enables users monitor all trading data in real time, allowing share it with other platform users for a fee. Additionally given Hedera’s capacity for handling hundreds of thousands of transactions per second, TrakInvest’s high demands for transaction volumes and micropayments will be eventually met.
On top of that, the platform will help investors gain deep insights on data sets quickly, overcoming the speed, volume, diversity and velocity of markets that make manual analysis impossible.
Once TrakInvest’s AI Engine tool activates in August 2018, it will focus on analyzing heterogeneous market data to gain new crypto market insights via its TrakInvest Knowledge Graph, Sentiment Engine and Continuous Learning initiatives.
Hedera head of Asia Pacific, Edgar Seah underlined TrakInvest’s innovation in building a DLT-powered global trading resource, commenting that Hedera “will enable developers to build a new class of distributed applications never before possible, and are excited that TrakInvest has selected Hedera as its platform of choice”.
TrakInvest, which already bosts about 85,000 people trading on its platform, has awarded $200,000 in prizes, and as mach as 50 employment opportunities.
