Melonport, a Swiss company has announced the upcoming launch of its Melon software for crypto-asset managers in partnership with Dr. Gavin Wood. The one of a kind platform is built on the revolutionary Polkadot multi-chain network created by the former Chief Technology Officer of Ethereum Platform.
Dr. Gavin Wood, apart from being one of the leading names behind Ethereum network is also the founder of EthCore, also known as Parity. The Polkadot multi-chain framework is designed to support a variety of blockchains without hassles as long as they conform to certain specifications. With Melon, cryptocurrency portfolio managers are offered a secure, user-friendly access to the decentralized blockchain infrastructure that allows them to manage and invest in crypto-portfolios similar to that of conventional hedge funds.
Melon uses a modular infrastructure with certain rule sets that governs the operation of crypto assets on the platform. The infrastructure of Melon is designed in a way to allow opinion on important information aspects like price feed sources, exchanges, management fees and more. Being a blockchain based system dealing with cryptocurrencies, Melon offers unprecedented transparency to various asset management roles like setting up and managing portfolios, creating and building up on the track records and more, all on the blockchain.
The Melon software, powered by Polkadot multi-chain network is initially focused on catering to individuals with extended support for open chains and enterprise chains. Melonport has made the whole source code of Melon open source, with all the relevant codes available on the company’s GitHub account.
Founded by Reto Trinkler and Mona El Isa, Melonport’s Melon software will come in handy for the traditional asset managers who are interested in expanding their portfolio by including crypto-assets alongside traditional ones. As the company continues to develop the software, they have plans to start a crowdfunding campaign to raise required funds through an ICO. The ICO involving Melon tokens is expected to go live by the end of November 2016.
The feature rich platform is expected to play a key role in promoting the use of cryptocurrency as a mainstream financial and investment asset in the near future. The adoption will not only increase the importance of cryptocurrencies in the current financial ecosystem but it will also get those who have never used cryptocurrencies to add them into their existing investment portfolios.
Ref: Press Release | Image: Melonport
Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.