Balance

We are building an open source bank called Balance which runs on Ethereum. https://medium.com/balance-io/open-source-banking-c96389c04cfb

Founded 2016
1-15 employees
  • Banking, Corporate Finance, & Investing
  • Headquarters address
    Williamsburg, Brooklyn, New York

    New financial protocols are popping up every day. They are taking existing functions from the existing financial system and rebuilding them using open source tools. We are working with many of the promising protocols to integrate their services into our products.

    Blockchains are slow, trust-worthy databases. They are best suited to transactions that have a high value and low frequency. Mortgages are a great example: you borrow a lot of money and pay it back in stages over a long period of time. Employee stock options are another great candidate: they are allocated once and distributed slowly over time. Both examples usually involve lots of time and dozens of PDFs. These kinds of problems can be improved upon by open economic protocols and financial dapps.

    Tech stack

    React, Python

    Benefits

    Health and wellness

    Insurance (Health)
    Insurance (Dental)
    Insurance (Vision)
    Balance - Hammock coding is amazing.