VANCOUVER, B.C. — Vanbex Group, a blockchain-based products and professional services firm, has been invited to speak on its latest product, Genisys, at the Banff Venture Forum (BVF) being held at the Fairmont Banff Springs Hotel from Sept. 22-23.
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Genisys is a blockchain integrated payment system that leverages the features and benefits of a distributed ledger network while layering smart contracts for compliance and messaging flexibility.
“We are happy to be recognized in this space and hope to continue to educate people on how blockchain technology and our products are changing the global business landscape,” said Kevin Hobbs, CEO at Vanbex Group. “This forum will give us the opportunity to showcase Genisys, our financial product that will change the way we currently transfer financial assets.”
The annual conference hosts 50 firms deemed as offering something exceptional technologically. Each firm is invited to showcase their products to industry-related investment firms. The BVF adheres to a rigorous selection criteria, including requirements for seed funding and milestone statuses and a preferred amount of current revenue before a selection committee grants final approval of all company selections.
The Genisys platform provides a decentralized financial messaging system that is an upgraded alternative to services like the Automated Clearing House (ACH), the Clearing House Interbank Payments System (CHIPS) and the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
The Genisys system will also be cross-compatible with these legacy systems, while also complying with ISO20022, the new global financial messaging standard.
“The goal of Genisys is to make financial transfers more secure, efficient, and cost effective for all users,” said Hobbs, who added, Genisys is a compliance driven, real-time settlement blockchain. The system will enable merchants, payment processors, foreign exchange houses, and other money-movers to securely transmit financial messages to achieve instant clearing and settlement at a fraction of the cost offered in the current financial marketplace.
About The Vanbex Group
Established in 2013 as a strategic consulting firm to better tell the story of digital currency and blockchain-based companies, Vanbex has since evolved into a blockchain-based products and services firm, specializing in all aspects of the industry.
For more information visit vanbex.com.
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