TrakInvest Social Trading Platform to Migrate to Hedera Hashgraph
TrakInvest has recently announced that it plans to move the TrakInvest Platform to the Hedera Hashgraph. According to the two involved in the partnership, Hedera’s technological solution can potentially help TrakInvest bring its projects to life, especially including certifications for Asian institutions on a public distributed ledger technology (DLT).
TrakInvest is a virtual social equity trading platform that brings together social media and trading. One of their several goals is to promote the “learn-share-earn” model – which ensures that users can earn real cash and internships simply by trading virtual currency. Not only will users have access to news, twitter feeds and other detailed reports, they will also have access to a simple platform to share trading activities with others.
Hedera Hashgraph is a platform designed to provide a new form of distributed consensus, that is, to encourage users who rarely trust others, to collaborate and transact online without feeling the need for middlemen. What makes Hedera attractive is the fact that it is known for its speed, security and fairness.
The CEO of TrakInvest, Bobby Bhatia had a few things to share in regard to Hedera’s role in their business. Here is an extract:
“We are very proud to be working with Hedera Hashgraph on a number of initiatives. We believe Hedera will provide the best in-class platform and technology solution for TrakInvest to execute its current and planned product offerings including certifications, Trak AI prediction tools, and financial products.”
Based on the information provided, a release-date has been placed for TrakInvest’s AI Engine: August 2018. The AI engine has been created with the intentions of revealing cryptocurrency market insights.
This is definitely an interesting project to tackle, as the unpredictability of current markets make it hard for investors. In addition, this opportunity will allow each individual to make knowledgeable investments, as opposed to throwing a lot of money into a project that only brings loses. Lastly, Hedera’s emphasis on security, which will be incorporated into TrakInvest projects might induce many to be more open to the possibility of investing online.
Edgar Sea, Head of Asia Pacific for Hedera expressed increased enthusiasm in being able to work with TrakInvest, as he sees a lot of potential in the set goals. In particular, he stated that
“TrakInvest’s idea to become a global trading resource built on distributed ledger technology is innovative”.