INFINITO INGENIUR SOLUTIONS PRIVATE LIMITED

In their own words

Blockchain technology is poised to disrupt the future of finance. However, today there are hundreds of different blockchains, each with its own set of standards. This way, users and applications on one chain cannot move across these blockchain networks and are essentially siloed out. Infinito is solving this problem by launching a new cross-blockchain protocol that enables transfer of information between different blockchain networks. We like to think of this as UPI for blockchains. Similar to how UPI enables different wallets (Paytm/PhonePe) to interact with each other, Infinito enables different blockchain to connect with each other. What sets us apart from existing cross-chain products is the fact that our solution is much more secure. Existing cross-chain products in the market are managed by operators who take custody of all user’s funds and the users are entirely dependent on them for security and ensuring uptime of the network. However, this exposes users' funds to theft and highly secure applications like banking documents can never move across these networks due to low security offered by these operators. Infinito solves this problem by using advanced cryptographic schemes called “Zero-Knowledge Proofs” and blockchain protocols called light clients. Using this technique, we verify the validity of each transaction as it moves from one blockchain network to the next. Our cross-chain protocol is not dependent on any middle-man to operate the bridge, and in fact can be run by independent participants. For institutional users such as banks, this provides higher security and enables them to maintain custody and privacy of their documents and funds. Our revenue model largely depends on the transfers across the protocol. Each transfer through Infinito protocol will incur 10bps fee. Infinito is paving the way towards a more decentralised and secure cross chain infrastructure while also enabling low fee and fast transactions for multi-blockchain users.

Written by the company on its public Startup India profile. Not verified by us.