CryptoSoft is a young and innovative Hungarian fintech startup company. CryptoSoft have several projects and innovations in the fintech sector. Our main fields of expertise are blockchain, tokenization, post-quantum cryptography and cryptocurrencies.
ChainifyIT is an innovative Real-World Assets solution, which combines tokenization with standard payment systems, so tokenization can happen in a hybrid system where owning a token doesn't mean you have to pay it with crypto, but with the regular payment systems and methods.
NFticketing is the first implementation of the ChainifyIT solution, where we are tokenizing tickets, e.g. concerts, sports tickets, transportation or smart tickets. NFTicketing is tailored to prevent ticketing frauds, where copying and double selling a QR code-based ticket is impossible, because of the nature of the decentralized system. So on the one hand NFTicketing is protecting customers against fraudsters, but on the other hand as it's a blockchain and smart contract-based solution gives the opportunity to the ticketing vendor / artist / venue to control all the primary and secondary market. All the transactions are on-chain, thus they are transparent and trackable, so the organizers have full control, but fraudsters haven't got a chance in this system.
QTLE (Quantum Time Lock Encryption) is a post-quantum timed encryption solution for data sharing, where sensitive data must be exchanged, but only have to be accessed later, at a given time. The problem with nowadays systems is that when you share your sensitive data with a centralized entity or a third party, it has the chance to open it before it has the permission to do it. So QTLE uses client side encryption combined with blockchain-based decentralized key handling. It's an absolutely generic ,cryptographic innovation which can be applied in several sectors and use-cases, e.g. public procurements, bidding, beting.
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