Digital Transaction wins Grand Prize “FinTech Start-up of the Year”

Hong Kong-headquartered blockchain technology company Digital Transaction Limited won two awards at the 2020 FinTech Awards on 12 January 2021: 🏆“FinTech of the Year 2020 in Start-up” Grand Prize and 🏆“Outstanding Real Time Monitoring Blockchain Application System Solution”.

The FinTech Awards, hosted and organised by ET Net, a subsidiary of the Hong Kong Economic Times, is an annual award that recognises and encourages excellence in innovative FinTech solutions and applications in multiple categories. Digital Transaction is one of only three recipients to be awarded with the Grand Prize (FinTech, Start-up and Marketing Campaign of the Year) at this year’s FinTech Awards. Speaking at the award ceremony, Ian Huang, Founder and CEO of Digital Transaction said, “As one of Hong Kong’s few enterprise blockchain start-ups, winning this prestigious award is a testament that the hard work and tremendous progress our team made over the past two years are finally starting to pay off. We will use this achievement to continue to communicate and position Digital Transaction’s blockchain technology as the leading option for financial organisations and enterprises to accelerate their digital growth.”

ParallelChainTM, Digital Transaction’s patent-pending blockchain infrastructure, was also honoured for its breakthrough technology at the FinTech Awards, after being named “Outstanding Real Time Monitoring Blockchain Application System Solution” in the Blockchain Solutions category.

ParallelChainTM is an innovative high-performing four-in-one hybrid blockchain ideally suited for all FinTech and CBDC applications due to its unrivalled features of full compliance to the EU’s GDPR privacy ordinance, speed of >100,000 transactions per second (TPS), <0.01 second real-time latency and seamless interoperability with Ethereum and Hyperledger applications.

With 6 US patents pending, ParallelChainTM is already in production with existing customers in both the public and private sectors.

In December 2020 Digital Transaction announced their new partnership with IBM.