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QuickX: Providing unique Blockchain Technology solutions to many peculiar problems

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QuickX: Providing unique Blockchain Technology solutions to many peculiar problems

QuickX is an innovative, decentralized platform that is intended to provide effective solutions to some critical problems with Blockchain technology. In the year 2016 when its team started researching on Blockchain, it saw that there were certain limitations which were hampering the suitability of Blockchain Assets for mass adoption in day to day transactions. These limitations were time, cost, scalability and cross-transfer of blockchain assets. This is where its applications come handy and it proves to be a novel protocol designed specifically to cure the many fatal flaws that plague Blockchain and Cryptocurrencies today. It performs transactions off the chain for some Blockchain assets and utilizes pooling facilitators who supply liquidity for cross chain transfers of crypto assets. Through this, it accelerates the transaction speed greatly, dissolves the interoperability problem between different Cryptocurrencies, relieves the transaction fees and also solves the issue of scalability. With QuickX, it is now possible for any person to make instant transactions for all Blockchain assets.

Similar to traditional electronic transfer mechanisms, QuickX provides instant and seamless transfer of different Blockchain assets between two parties. This transfer occurs without users having to pay high network fees. The utilization of pooling facilitators who facilitate cross-chain transactions instantaneously helps to reduce the cost tremendously. It features a multicurrency wallet, a multicurrency debit card, a cryptocurrency swap option and a payment gateway using the QuickX Protocol. These features make Blockchain assets viable in non-virtual global transactions further framing it suitable for the masses. Secugenius is the parent company of QuickX. It is an innovative information security services & solution provider organization. It is an enterprise that aims to leverage extensive knowledge and experience in security to help build advance security enterprises by ensuring risk free IT growth. It develops information security solutions through advisory, engagement and remediation to secure and respond to cyber threats in infrastructure and technology stack. Its clientele include companies across verticals such as Government departments, Banks, Telecom, Software companies, Manufacturing & Trading units and E-commerce etc. Its consultants possess the requisite industry certifications but more importantly they are equipped with a wide range of skills covering different technologies and environments.

Unique QuickX Protocol

It has come up with assorted one-of-its-kind applications such as its Crypto Debit Card, Platform as an Exchange and Payment Gateway. With QuickX Crypto Debit Card, one can spend over ten cryptocurrencies online and offline. A person can easily keep a track of his or her expenditure and transactions on the go. It comes with zero exchange fees for any kind of transactions. One can earn upto 2% of cashback on ones spending. Moreover, one can exchange cryptocurrencies instantly. There are almost no maker and taker charges. This is one of the safest ways to swap currencies. With its Payment Gateway, one can start accepting payments in cryptocurrencies within a matter of few minutes. One can expand ones customer base globally. There is zero chargeback and fraud. It charges a flat 0.5% settlement fees. One can access direct bank deposits. These are some of the benefits which it entails.

Well acclaimed Clients

The company has served to some of the market leaders of their domains. A few of those clients include Reliance Jio, Vodafone, Mahindra Comviva, Infogain and Bank of Kigali just to name a few.

Blockchain can play a vital role in a country like India where data is segregated. The Blockchain is basically a distributed database. It works as a global spreadsheet that runs on millions and millions of computers. It is distributed and open sourced so that anyone can change the underlying code and they can see the undergoing process. It is literally peer to peer. It doesn’t require powerful intermediaries to authenticate or to settle transactions.

Differentiating Factors

There are certain factors which make QuickX different. Blockchain technology is catching everyone’s attention now. Working on this technology since the year 2016, it has somewhere down the line got an early mover advantage. It has got a good community in South Korea and India. The company keeps innovation a priority. Being a technology company, it is hoped from the company to live in future and create a product in present. It believes in under-commitment and over delivery. Moreover, it is highly committed to workplace innovation.

There are many benefits of workplace innovation. Apart from the technological benefits, employees also feel more comfortable by bringing up new ideas and thinking which is out of the box. This leads to more employee involvement and the sharing of ideas. QuickX always appreciates the ideas given by its employees and provides liberty to them so that those ideas could be implemented. The company gets those ideas applied at a small scale and once the results are visible then it moves further to get it devised at a larger scale. This has benefitted the company a lot in the past. It brings the best out of a person and benefits the company as well.

Milestone

Usually, people are not able to make micro payments using their Cryptocurrencies because of high transaction cost involved which defeats the purpose of any currency. With QuickX protocol, they can actually use it in day to day life. It has a dedicated team of twenty seven people working on this.

Road Map and Future Plan

Till now, the road map of the company has been fast-paced and interesting one. It started researching on the concept of Blockchain in the third quarter of the year 2016. It planned the Business module and Resource Team Allocation in the first quarter of the year 2017. It filed for the patent of its technology in the third quarter of the year 2017. In January month of the year 2018, it tested its flagship Debit cards. All in all, it has been a learning experience which can teach many lessons to budding entrepreneurs.

The company is focused to change the status of Blockchain assets from a share-like object to real and spendable currency that appeals to the masses. Its plan is to tap the most of Asian and European markets in near future.

Introduction to the CEO

Mr. Vaibhav Adhlakha is an expert financial and business strategist with proven entrepreneurial skills. He is working towards making use of Blockchain accessible to mainstream by developing a new age Blockchain protocol. He is an experienced person with a demonstrated history of working in Investment Management industry.

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