Hypertrade – The P2P-Blockchain-Trading Marketplace Qorus Banking Innovation Awards 2017

Hypertrade is a prototype of a trading marketplace that is based on the Hyperledger Blockchain or Distributed-Ledger-Technology. It allows the market participants to create and trade Knock-Out CFDs (contracts for difference with risk reduction) directly with each other and without any intermediaries. The Proof-of-concept is an example for a radical innovation as comdirect disrupts its own position in the value chain. Comdirect provides the access to the P2P-Market and deploys the concept of smart contracts to ensure that the financial contracts are completed, once a certain market price is reached, but does not act as the broker in between anymore. The concept and the prototype were developed by an interdisciplinary team of 5 developers and 3 business people. In order to be agile, the team used methods like SCRUM as well as KANBAN and technologies like Node.js, mongoDB, Azure and the Hyperledger Blockchain. The idea was to build a secondary market that coexists next to the established financial markets in order to foster the internal Blockchain-Technology expertise, while applying and validating the technology in a viable business model. The result is the first Blockchain-Trading-Marketplace in Europe and helps comdirect, as the leading online broker in Germany, to anticipate possible future implications on its current business model. Hypertrade is live and available to family and friends and will be tested in form of a trading game with selected customers.