Blockchain Banking Startup Babb Secures Specialist Anish Mohammed

BABB, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based banking startup, has added to its leadership team with the appointment of noteworthy thought-leader and cryptography specialist Anish Mohammed who joins the group as its Chief Technology Officer and Chief Security Officer. The hire comes at a key juncture for BABB as it looks to kick off the launch of one of the industry’s first blockchain-based bank accounts.

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Mr. Mohammed is one of the more respected names in the industry, having worked in the security and cryptography space for over fifteen years. His career has seen him at the forefront of major developments across cryptographic algorithms research and protocols, having held numerous senior level roles in these segments.

He has been an acting member of BABB’s Advisory Board since April 2017, part of a lengthy string of advisory and consultancy roles over the past few years. Most recently, he worked as an Advisor at Hyperloop Transportation Industries as well as a Lead Security Analyst at HSBC in London. Additional roles include positions as an Advisory Board Member at Blockchain Advisory Group and at Ripple, part of a lengthy career extending back to 2012, according to information made public on his Linkedin profile.

His appointment will see BABB pursue a flagship launch of a blockchain-based bank account that is targeting a launch in H2 2017. The current BABB platform is based on a private permissioned Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term blockchain implementation of a distributed ledger using smart contracts technology. BABB’s founder and CEO, Rushd Averroes, commented: “Dr. Mohammed joins the BABB team at a pivotal time as we scale up our development team to launch the world’s first blockchain-based bank account, set to revolutionalize the future of retail banking.”

“His extensive expertise in IT security, blockchain, machine learning, and the data science fields will complement the immense skill set of our development team as we build the ecosystem of tomorrow’s economy; a global marketplace for human innovation, financial autonomy and wealth creation,” he added.

“I am thrilled to join the founding team at BABB. I believe BABB will form the backbone of the micro-economy and promotes true financial inclusion. A solution for any bank who wants to offer services running on an app and a network enabling social and financial inclusion,” explained Mr. Mohammed.