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HashCash is a global software company offering solutions in Blockchain, AI, Big Data, and IoT through its platforms, products & services. HashCash Blockchain products enable enterprises to move assets across borders in real-time for Remittances, Trade Finance, Payment Processing, and more. HashCash runs US-based digital asset exchange, PayBito & Digital asset payment processor, BillBitcoins. HashCash offers Exchange solutions, Payment processor software, ICO services, and customized Blockchain use case development. It propels advancement in technology through Blockchain1o1 programs and its investment arm, Satoshi Angels. HashCash solves the toughest challenges by executing innovative digital transformation strategies for clients around the world.
HashCash Consultants Products:
1. Banking:
- HC Remit
- HC Corporate Payment
- HC Market Maker
- HC Commerce
- Blockchain Digital Identity
2. Financial Market:
- Forex Exchange Software
- Stock Exchange Software
- Commodity Exchange Software
- Investment Management
3. Supply Chain
4. Gaming:
- Gaming Exchange
- Gaming Payment Processor
- Private Blockchain Setup
- Gaming Platform
5. Crypto:
- Cryptocurrency Exchange
- Cryptocurrency Payment
- Cryptocurrency Development
- ICO Platform
Locations
United States
2100 Geng Road,
Palo Alto,
California
94303
(888) 893-0588
Australia
Level 10, 555 Lonsdale Street,
Melbourne,
Victoria
3000
Singapore
160 Changi Road, #03-02 Hexacube,
Singapore,
Singapore
419728
UAE
A2-1508B, Building no. A2, Al Hamra Industrial Zone-FZ RAK,
Dubai,
Dubai
Focus Areas
Service Focus
- Blockchain Technology
- Software Development
- IT Services
- Mobile App Development
- Big Data & BI
Client Focus
- Medium Business
- Large Business
- Small Business
Industry Focus
- Financial & Payments
- Gaming
- Transportation & Logistics
HashCash Consultants Executive Interview
Raj Chowdhury
CEO
Please introduce your company and give a brief about your role within the company?
HashCash Consultants is a global software development company with a focus on emerging technologies such as Blockchain, AI, IoT, and Big Data. We work with enterprises across the globe to implement technology solutions that improve their bottom line. Our products and services cater to significant corporations and emerging startups alike. We have over sixty global banks that are part of the HashCash Network, HC Net. HashCash also has a robust partner network with successful collaborations with some of the biggest names in the industry.
As the CEO of HashCash, my primary role is to drive the strategic direction of the company and the industry at large. Besides my operational engagement in the company, I actively work with regulators in several geographies to create frameworks for businesses to flourish in the blockchain and cryptocurrency space. I engage with the International Standards Organization and various industry bodies to create global standards for interoperability and collaboration. As an industry leader, we view this as our responsibility to create an environment for all businesses in this space to succeed.
As the CEO of HashCash, my primary role is to drive the strategic direction of the company and the industry at large. Besides my operational engagement in the company, I actively work with regulators in several geographies to create frameworks for businesses to flourish in the blockchain and cryptocurrency space. I engage with the International Standards Organization and various industry bodies to create global standards for interoperability and collaboration. As an industry leader, we view this as our responsibility to create an environment for all businesses in this space to succeed.
How does your company differentiate itself from the competition?
Ironically, we view collaboration as our priority over competition. Our emphasis on our Partnership Programs would speak to this. HashCash has created a global network of partners from Bangladesh to Nigeria, from the US to Russia, in 34 countries today.
In every engagement we have with a partner, our motto is to create value for them. We want them to win from the core of our strategy. Our open-source initiative with HC NET is another example where we opened up our codebase for developers and companies to create applications useful to their clients and customers. To drive the idea of collaboration, we avoid using the competitor internally when we refer to a company in the same space. We call them our Peer companies. We believe that this is the time when we should work together with our Peers towards further adoption of blockchain and cryptocurrencies to create a world without physical borders.
In every engagement we have with a partner, our motto is to create value for them. We want them to win from the core of our strategy. Our open-source initiative with HC NET is another example where we opened up our codebase for developers and companies to create applications useful to their clients and customers. To drive the idea of collaboration, we avoid using the competitor internally when we refer to a company in the same space. We call them our Peer companies. We believe that this is the time when we should work together with our Peers towards further adoption of blockchain and cryptocurrencies to create a world without physical borders.
What industries do you generally cater to? Are your customers repetitive?If yes, what ratio of clients has been repeated to you?
Most of our clients are from insurance, banking, financial markets, gaming industry, supply chain, and investment management. We have had the opportunity to work with the public sector and governments in several geographies too. Almost all of our clients stick around with us for a long time.
Please share some of the services that you offer for which clients approach you the most?
HashCash has a wide range of services that cover new-age technologies like Blockchain, AI, IoT, and Big Data. Global banks and exchanges use the HashCash network, products, and services for cross border remittance, corporate payments, trade finance, and other payment processes.
We run the crypto exchange PayBito and payment processor BillBitcoins. Both products have white labeling and licensing options for enterprise clients. HashCash offers exchanges, payment processor software solutions, ICO services, and customized use case development.
We aid financial institutions with our HashCash core banking and commercial lending solutions. We offer a blockchain-based digital identity verification platform that helps in establishing, proving, verifying, and managing one's identity.
We run the crypto exchange PayBito and payment processor BillBitcoins. Both products have white labeling and licensing options for enterprise clients. HashCash offers exchanges, payment processor software solutions, ICO services, and customized use case development.
We aid financial institutions with our HashCash core banking and commercial lending solutions. We offer a blockchain-based digital identity verification platform that helps in establishing, proving, verifying, and managing one's identity.
Which platform do you prefer to use when developing a blockchain application? Why?
HC NET is a decentralized blockchain protocol created by HashCash. In addition to HC NET, our services unit uses Ethereum, Bitcoin, EOS, Hyperledger Fabric, and a few other platforms as well.
What tech stack and tools do your developers use?
Our teams use a programming language such as Java, Node js, Go, Express, Web3.js, C++. PostgreSQL and Oracle are the databases that we use for our work. We also use elastic search and Redis. This is not an exhaustive list of technologies we use.
Are open-source, decentralized protocols going to be more significant than their web equivalent?
I think that the decentralized protocols and will replace most of what we know on the web today. Blockchain technology will create a more trusted internet environment. The creation of authentic identities through the blockchain validation process will make identity forgery cost-prohibitive. The payments ecosystem will be revolutionized to a much smoother, easier, and cost-effective one.
We would also see decentralized protocols created on top of the existing web protocols and coexistence of both.
We would also see decentralized protocols created on top of the existing web protocols and coexistence of both.
What are scalability and throughput challenges there with blockchain? What solutions would you suggest?
There are consensus mechanisms at work that solve the scalability issues today.
For example, instead of proof of work or proof of stake HashCash’s blockchain network, HC Net uses FBA or Federated Byzantine Agreement for consensus. FBA can come to consensus in 2-5 seconds, and the network can process over 3,000 concurrent transactions.
Implementation of micro ledgers on top of the central ledgers has helped us achieve significant scalability. We have also used Edge computing to create highly scalable networks.
Bitcoin network uses proof of work, where the consensus is significantly slower. But the Bitcoin network can be considered primitive among blockchain networks.
For example, instead of proof of work or proof of stake HashCash’s blockchain network, HC Net uses FBA or Federated Byzantine Agreement for consensus. FBA can come to consensus in 2-5 seconds, and the network can process over 3,000 concurrent transactions.
Implementation of micro ledgers on top of the central ledgers has helped us achieve significant scalability. We have also used Edge computing to create highly scalable networks.
Bitcoin network uses proof of work, where the consensus is significantly slower. But the Bitcoin network can be considered primitive among blockchain networks.
Will the success rate of ICOs be better or worse than tech startups?
It is difficult to say whether the success rate of the ICOs will be better or worse. I think that we are on the threshold of a new future where tech startups would raise money through ICOs in a regulated environment. The conventional money-raising practices will morph into something more in the line of blockchain technology, making the entire process more transparent. ICO will grow into a mainstream way of money raising for sure; however, more than one method would co-exist.
Today, we have crowdfunding as well as venture capital and private equity. Blockchain-based funding methods and ICOs will co-exist and add to the arsenal of money-raising techniques for tech startups.
Today, we have crowdfunding as well as venture capital and private equity. Blockchain-based funding methods and ICOs will co-exist and add to the arsenal of money-raising techniques for tech startups.
What are the key factors that you consider before deciding the cost of a project?
For our out-of-box offerings, our sales team has a matrix of saving features in our sales system. The client can choose from the available features, and the system generates a price as per the feature choices.
For Bespoke software applications, we first gather the necessary information and resources. It is a comparatively elaborate process and does not involve instant quote generation. Our teams visit client sites to analyze their IT infrastructures and review documentation of their existing processes. The level of customization plays a significant role in deciding the cost of Bespoke projects.
For Bespoke software applications, we first gather the necessary information and resources. It is a comparatively elaborate process and does not involve instant quote generation. Our teams visit client sites to analyze their IT infrastructures and review documentation of their existing processes. The level of customization plays a significant role in deciding the cost of Bespoke projects.
What kind of payment structure do you follow to bill your clients?
Broadly, our offerings come in three categories:
• Application sales: We offer perpetual, monthly, and yearly Application licenses for all our applications.
• Application + on-premise hardware sale: We offer a complete hardware/software solution for our clients, charged at either yearly or on a subscription basis.
• Application + Cloud sale: We offer a complete hardware/cloud solution for our clients, charged on a subscription basis.
• Application sales: We offer perpetual, monthly, and yearly Application licenses for all our applications.
• Application + on-premise hardware sale: We offer a complete hardware/software solution for our clients, charged at either yearly or on a subscription basis.
• Application + Cloud sale: We offer a complete hardware/cloud solution for our clients, charged on a subscription basis.
What is the price range (min and max) of the projects that you catered to in 2018?
HashCash offers a wide range of technology products and services. The smaller service projects could range at USD 5,000, whereas the larger enterprise projects could go to 1 million or over.
Kindly share your feedback on how GoodFirms has been doing so far in increasing your visibility among potential clients.
We think GoodFirms is the research and advisory firm with a highly trusted methodology and evaluation matrix to analyze the positioning of technology companies and rate them based on defined criteria, strengths, and weaknesses.
HashCash Consultants Clients & Portfolios
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HashCash Consultants Reviews
8 Reviews
- All Services
- Blockchain Technology
- IT Services
- Relevance
- Most Recent
- Rating: high to low
- Rating: low to high
Raktim Dutta, Student at Heritage Institute of Technology at Binary Infosoft Pvt Ltd
Posted 1 month ago
Paybito Experience
Review Summary
I had been one of the early users of the PayBito Broker Platform. I started using the Broker White label as a broker since 2020. The product had a few problems back then. I had to report several glitches in the first year. The team was fairly proactive in incorporating the improvements I had pointed out. They had apparently done well to incorporate early customer feedback as I look at the platform now. It wasn't easy but the Broker White label actually helped me in establishing a mid-sized broker business in a few years.
What was the project name that you have worked with HashCash Consultants?
Paybito
What is it about the company that you appreciate the most?
I liked the Support Team. They are available 24/7 for any kind of assistance.
What was it about the company that you didn't like which they should do better?
Sometimes International payments takes a little longer than usual.
David Stewart
Posted on Apr 21, 2020
We hired HashCash Consultants to design and develop blockchain-based vendor payment systems
Review Summary
We wanted to conduct live vendor payments on a blockchain network.
Hashcash developed the payment system, We used HC NET to make payments to vendors in China, India and the Philippines.
Most of the piece parts that go into our solar panels and EV charging stations are manufactured in China. Our software development and support teams are based out of India and the Philippines. Remitting payments to overseas vendors have become increasingly expensive. We have sent our first batch of cross-border vendor payments using Blockchain.
Hashcash developed the payment system, We used HC NET to make payments to vendors in China, India and the Philippines.
Most of the piece parts that go into our solar panels and EV charging stations are manufactured in China. Our software development and support teams are based out of India and the Philippines. Remitting payments to overseas vendors have become increasingly expensive. We have sent our first batch of cross-border vendor payments using Blockchain.
Sara Haik
Posted on Apr 21, 2020
We Hired Hashcash Consultants to Develop Bitrump's Cryptocurrency Exchange Platform
Review Summary
The goal of the project was to develop the web and mobile versions of the crypto trading platform within our time frame.
They first designed the prototype and demonstrated the functionality, design, layout and technical details. After the confirmation from our end, they initiated the project and deliver us the complete project in 12 weeks.
They completed the project before the deadline. We couldn't be more pleased with the final product (both web and mobile versions).
They first designed the prototype and demonstrated the functionality, design, layout and technical details. After the confirmation from our end, they initiated the project and deliver us the complete project in 12 weeks.
They completed the project before the deadline. We couldn't be more pleased with the final product (both web and mobile versions).
What is it about the company that you appreciate the most?
Their project management skills.
Jay Barnes
Posted on Apr 20, 2020
We hire Hashcash Consultants to develop customized blockchain-based gaming software
Review Summary
The goal of the project was to develop the software within our time frame.
We got a recommendation from one of our vendors. We also talked with 2 other companies, but we found Hashcash Consultants technically promising.
They designed & developed blockchain-based gaming software for us. The project began with a prototype design, once we approved the workflow & wireframes the actual product development began. They developed the software within 8 weeks and took 2 weeks for QA.
We got a recommendation from one of our vendors. We also talked with 2 other companies, but we found Hashcash Consultants technically promising.
They designed & developed blockchain-based gaming software for us. The project began with a prototype design, once we approved the workflow & wireframes the actual product development began. They developed the software within 8 weeks and took 2 weeks for QA.
What is it about the company that you appreciate the most?
Project management was very impressive, compared to other vendors. We are very pleased with their communication process and development skills.
What was it about the company that you didn't like which they should do better?
Happy with the work they’ve done.
Xavier Perry
Posted on Apr 15, 2020
Very satisfied with Hashcash crypto payment processor services
Review Summary
They design & developed blockchain-based cryptocurrency payment processor.
The product has pay now buttons as well as APIs to integrate into top shopping carts.
This is an end-to-end product with bitcoin invoicing, merchant account management interface, payment dispute management, ticketing and everything a payment processor in the PayPal world would offer.
Can also accept payments in other popular Cryptocurrencies, ie., Bitcoin, Bitcoin Cash, Ethereum and more.
The product has pay now buttons as well as APIs to integrate into top shopping carts.
This is an end-to-end product with bitcoin invoicing, merchant account management interface, payment dispute management, ticketing and everything a payment processor in the PayPal world would offer.
Can also accept payments in other popular Cryptocurrencies, ie., Bitcoin, Bitcoin Cash, Ethereum and more.
What was the project name that you have worked with HashCash Consultants?
Very satisfied with Hashcash blockchain digital identity services
What is it about the company that you appreciate the most?
They have skillful blockchain developers with effective communication skills. They go beyond the product and assists us in various areas of the exchange business.
What was it about the company that you didn't like which they should do better?
If possible they can expand their onsite technical support team.
Sofia Ryan, Assistant Vice President at CSB Group
Posted on Jun 14, 2019
Very Satisfied with HashCash Consultants White Label Cryptocurrency Exchange Software Solution
Review Summary
HashCash Consultants has delivered a quality product on budget and on schedule. We couldn't be more pleased with the final product. We are looking forward to more blockchain development work with them as they are the top player in this industry.
Aryan Khan, Product Manager at Asian Development Bank Institute (ADBI)
Posted on Jun 13, 2019
We had a better experience with HashCash Consultants than any other Blockchain application development company
Review Summary
HashCash Consultants white label cryptocurrency exchange development team has done a wonderful job so far. The exchange is going to be live within a few days and we all are very excited.
I would definitely like to recommend their strong work ethics, competence, and professionalism. No doubt HashCash is doing great in this industry and I am impressed by their work excellence and project management skills. All the best for their future business, keep up the good work guys.
I would definitely like to recommend their strong work ethics, competence, and professionalism. No doubt HashCash is doing great in this industry and I am impressed by their work excellence and project management skills. All the best for their future business, keep up the good work guys.
What is it about the company that you appreciate the most?
They have a supreme level of expertise and knowledge. They have skilful blockchain developers with effective communication skills. They go beyond the product and assists us in various areas of the exchange business.
Bob Wiley, Board Of Directors at Amazon Pay
Posted on Jun 12, 2019
Highly satisfied with their blockchain development services. I strongly recommend HashCash Consultants.
Review Summary
They have highly skilled blockchain development team. On-time product delivery and strong technical support team.
What is it about the company that you appreciate the most?
In-depth expertise in blockchain application development.
What was it about the company that you didn't like which they should do better?
They are so far the best in the market. They could work on improving on-site engagement.