Boston, MA - HashLynx, Inc. (“HashLynx” or the “Company”) is proud to announce that it has been granted a new patent for its revolutionary technology. The patent, application No. 15/857,093, covers the system architecture for integrating legacy systems with a blockchain, a form of distributed ledger technology, and represents a significant breakthrough in the Company’s quest to provide a more easy to use, less costly and speedier settlement platform.
"We are thrilled to have received this patent," said Bill Gates, CEO of HashLynx. "Our team has worked tirelessly to develop this technology, and we are excited to bring it to market and change the way people think about loan settlement." Mr. Gates added “this patent is a revolutionary step forward for securing transactions on the Blockchain. It is rare to get a patent this fundamental with so many applications.” Paul Zappier, CTO of the Company, indicated “our technology is now MVP ready and we are looking forward to piloting our system to the marketplace.”
The patent gives the Company exclusive rights to the technology for a period of at least 15 additional years and will allow HashLynx to further develop and commercialize the product. The technology has the potential to substantially improve the settlement process by putting all relevant information on a secure blockchain allowing overall settlement times and cost to be dramatically reduced.
"This patent is just the beginning," said Mr. Zappier. "We are already working on additional developments and improvements that will take this technology to the next level."
About the Company:
HashLynx, Inc. is a SAAS provider of loan trade settlement services for all players in the broadly syndicated loan market including commercial bank and private credit loan originators, agent banks, other commercial banks, institutional investors and loan trustees.
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HashLynx Inc. is a member of LSTA