The dev team at Hex Trust placed 2nd at the SAFU Pre-Hackathon in Hong Kong & in the Top 6 Finalist of the Final SAFU Hackathon in Singapore. 🎉
From 19–22 Jan 2019 Binance held a two-day hackathon during the Binance Blockchain Week. 20+ teams were selected to showcase their applications that aim to identify cryptocurrency wallet addresses which are involved in scams or frauds.
Is the transaction address you are sending your crypto to SAFU?”
With the theme ‘Query Platform for Address Security: Is the transaction address you are sending your crypto to SAFU?’, the Binance SAFU Hackathon encouraged long-term, sustainable growth of the blockchain industry, calling top developers from around the world to build a safer community where users are protected from scams, hackers and money laundering.
The team developed a decentralized network for address verification and scoring, called “Armadillo”. In the center of the application is a powerful browser extension, that checks for dangerous addresses, powered by a crowd intelligence network.
Focusing on unique user experience & interface design the team created a product that is easy to use for both the general public and industry experts.
Using the browser plugin, individuals have a seamless experience as they are not required to copy and paste wallet addresses into a specific website; they can see the addresses directly highlighted on their screen with basic information about that address.
In addition to usual statistical and machine learning methods, our team used crowd sourced intelligence and identity verification to improve the reliability of scores. “Armadillo” also acts as a certification authority for wallets, exchanges and any businesses that generate addresses, tagging them as certified addresses. The plugin provides transparency storing address verification and scoring data on EOS blockchain. “ARMA” ERC-20 tokens are used for incentivizing positive participation and reputation staking. Lastly, the application provides an open API to certify addresses and querying of address scores.
The team combines engineers and designers from different nationalities and technology backgrounds: Germany, Poland, South Korea, the United States, and Hong Kong.
Having 30 years of experience in Fintech and Banking Technology, Rafal took the project management role. He didn’t let the team lose their focus and supported them with clear and wise technology decisions.
Cloudgen has 20+ years of experience in Software Engineering and has an in-depth understanding of blockchain technology. He created the plugin extension and spent countless hours in calculating and experimenting with the address scores.
Jennifer is a UX / UI Design and simplified all the ideas of the team into one solution. She created clear user flows with a pen & paper approach and gave the plugin an appealing and attractive design.
Jin Young is a Software Developer and conducted extensive research about blockchain smart contracts and scalability solutions. She not only developed an EOS smart contract that stores user’s reputation but also presented the team’s idea in the final pitch.
Vivian is a Full Stack Engineer primarily focusing on backend development. She has practical experience in working with the latest blockchain technology and is the bitcoin guru of the team. She transformed the design wireframes into the final product.
Abhinav is a Software Developer who supported the team in the Pre-Hackathon in Hong Kong. He focused on the backend development and spent the nights creating databases and algorithm to provide safer address verification.
Join the growing team at Hex Trust! We're looking for a diverse group of ambitious and motivated people who believe in…
Hex Trust is an institutional digital asset custody provider. Safety of our clients’ assets is of paramount importance. We were thrilled to participate in Binance SAFU Hackathon to work with the rest of blockchain community to make blockchain a safer place.