[Press Release] Digital Transaction wins Grand Prize “FinTech Start-up of the Year” at 2020 FinTech Awards by the Hong Kong Economic Times

HONG KONG, 12 January 2021 – 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.”

ParallelChain™, 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.

ParallelChain™ 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, ParallelChain™ is already in production with existing customers in both the public and private sectors.

About Digital Transaction Limited
Founded in 2018, Digital Transaction Limited is a Hong Kong breakthrough enterprise blockchain technology company. Digital Transaction is the home of ParallelChain™, the fastest, most scalable and the only GDPR privacy compliant blockchain in the world as well as seamless interoperability with existing blockchains. With 6 US patents pending, an award-winning technical team, strong business execution, and deep market insight, Digital Transaction consistently rolls out technical innovation leading the Distributed Ledger Technology movement with unmatched products that will unlock enterprises’ digital transformation initiatives. For more information, visit https://www.digital-transaction.com/newsroom.

Media Contact
Jason Li
Marketing Communications Manager
Email: jason.li@digital-transaction.com

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Samsung Galaxy AI Expands Language Support to Reach More Global Users

In a recent announcement, Samsung introduced plans to significantly expand the language options available for its Galaxy AI, enhancing accessibility for users worldwide. This expansion includes the addition of three new languages—Arabic, Indonesian and Russian—and three new dialects—Australian English, Cantonese and Canadian French, building on the existing 13 languages currently supported.

HK PolyU Employs GeoAI to Advance Urban Development 

The Hong Kong Polytechnic University (PolyU) is leveraging geospatial artificial intelligence (GeoAI) to tackle a range of environmental and social challenges worldwide. Through its innovative application in various sectors such as transportation, urban safety, and climate change, PolyU aims to lead in transforming how societies manage and adapt to these issues.

Step Into Tomorrow: Explore the Wonders of InnoEX 2024 in Hong Kong

In the bustling city of Hong Kong, where over seven million people reside, the call for smarter, more livable cities is louder than ever. This April, the Hong Kong Trade Development Council (HKTDC) steps up to answer that call with the InnoEX and the landmark 20th edition of the HKTDC Hong Kong Electronics Fair (Spring Edition) (EFSE). Backed by the visionary efforts of the HKSAR Government Innovation, Technology and Industry Bureau and the HKTDC, these tech expos are set to feature the latest and greatest innovation from over 3000 exhibitors from more than 20 nations and regions. 

Cloud Software Group and Microsoft Forge Strategic Cloud and AI Partnership

Cloud Software Group Inc. and Microsoft Corp. have announced an expansion of their long-standing collaboration through an eight-year strategic partnership. This partnership aims to strengthen the go-to-market collaboration for the Citrix virtual application and desktop platform and facilitate the development of new cloud and AI solutions. As part of the agreement, Cloud Software Group will commit US$1.65 billion to Microsoft’s cloud services and generative AI capabilities.