Cryptocurrency management system (virtual currencies) on the Blockchain

The challenge: Setting up a banking service to manage virtual currencies, which bridges between the Blockchain and end users who trade currencies. Dealing with the new Blockchain technology.

What is Blockchain?
BlockChain is a new method for transferring collaborative information over Internet infrastructure. The basis is distributed systems where all databases and transactions are stored at different nodes on the Internet and replicated to everyone. Each transaction is encrypted and stored in connection with the previous transaction and the next one - which prevents loopholes or duplicates as if one transaction is erroneous, the whole chain is defined as "broken". It is the Internet that "manages" the Blockchain and not one central entity, because there are many endpoints that share information about the transactions.

All such endpoints - nodes, participate in several actions:

  • Creating (mining) digital currencies
  • Maintaining and operating of the transactions
  • Handling of "smart contracts" - a new type of "block" in the eEthereum network
  • Basic wallet operations


Crypto Currency - Virtual currencies

Based on Blockchain, the cryptocurrency is an investment and trading center managed independently and not by any formal entity. Transaction values are determined by the users and are performed using the Blockchain technology. The virtual currency market is currently estimated at $ 160 billion, and the value of the market in 10 years is estimated to be many trillions of dollars. The Ethereum coin is the second largest virtual currency in the world, after Bitcoin, with a market capitalization of $ 28 billion.

The solution:
Kimera - a secure, reliable and user-friendly banking service that supports virtual currencies: Ethereum, Bitcoin and Bitcoin Gold

The versatile system supports a variety of devices and provides the following services:

  • Joint mining: Long-term investment packages in Ethereum and Bitcoin Gold
  • Mediation to conventional clearing systems such as PayPal, and credit cards for buying and selling virtual currencies. Provides API services to merchants.
  • Management of virtual coin wallets: wallet management, several wallets per user and wallets shared by several users, transactions between wallets, multi-currency transactions, enterprise-level wallets. Multi-signature support.
  • Trading arena: buying and selling currencies, transfer of bids, smart bidding system (under development, will be fully launched towards the end of 2018)

Customers stories

Ramat Gan Municipality

"The site addresses the needs of Ramat Gan residents, puts them in the center and was designed to provide residents with end-to-end services, and this was our starting point and why we chose Pionet for the project. The project went smoothly - and within six months we had a live website. We worked together with Pionet's teams in planning the project timetable, in the integration and conversion of the content, and the preparations for the going live. They understood our needs well and acted accordingly, and the results were not long in coming in. Since the end of the project we have received positive responses from the residents about the friendliness of the site, the accessibility of the information and its innovation.
The site is a component of the information systems concept of Ramat Gan's mayor, Israel Zinger: Creating projects for the benefit of the residents, and is a central element in our Smart City Project"
Yaron Yahav, Ramat Gan Municipality CTO

Beit Krinitzi
"The work on creating the website with Pionet was very professional, high quality and courteous.
We are very proud and thankful for the unique and magnificent result that makes the history of the city of Ramat Gan accessible to all"
Idit Kamin Vilozny, Museum Director
Golan Regional Council
"In addition to presenting information about the council and the events in it, it was very important for us to provide those who are interested in living in the Golan Region with all the options available to them. Pionet's team built a solution for us that provides relevant information to anyone interested in the possibility of living in the Golan Heights in an accessible and easy to use manner"
Dalia Amos, Council Spokesperson
Ashdod Port Company Ltd.

"The greatest challenge facing the Ashdod Port is the competition with the other ports, and it was very important for us to provide a pleasant experience as well as updated information so that the agents, customs brokers and shipping company representatives will get all the information they need to decide to dock at the port of Ashdod. Pionet created a site that provides updated information and a successful user experience. "
Tomer Shpetz, Webmaster

Dental Depo

"We are really excited about the significant upgrade that Pionet implemented for us, and our customers now enjoy an accessible and convenient site that enables them to easily access the product catalog and find the product they need. Integration of the SAP and De-Facto systems into the catalog, which was a complex technological project, also makes our site a leader in the field, enabling us to give our customers the best possible service”.
Morel Marom, Site Manager

Israel Football Association
"We finally have a site that meets European standards that is not inferior to any other such site in other countries; on the contrary, we have something to be proud of. IFA's previous site was created over a decade ago and was very heavy, outdated and not accessible or responsive. Thanks to Pionet, today we have an innovative, accessible, responsive website that provides an attractive solution for any fan who is searching for any kind of information about soccer in Israel"
Oren Nizri, IFA CTO
The Western Wall Heritage Foundation
When we set out, we knew what we wanted the site to include, but the end result was far beyond our expectations. We met a professional and creative design team that was attentive to our desires and really understood our target audiences and what was best for them. The possibilities, such as registration for the Bar / Mitzvah, the store, the donation center, the calendar of events, the weekly Torah portion, the cameras - provide our users with a pleasant and friendly experience, in the spirit of this holy site. "
Sarah ki Tov, Site Manager