This company provided asset-backed lending to the cryptocurrency marketplace, aiming to attain a higher level of digital asset versatility. To achieve this goal, the company developed the software product for cryptocurrency-backed lending as well as the software and technology for custody and monitoring. In an attempt to successfully develop these novel first-to-market products, the company’s project team needed to think outside the box and apply complex concepts in new ways. The project team encountered significant technical uncertainties throughout the course of this project, namely around capability and appropriate design of the software code. The team utilized an agile or hybrid-agile software development process in an attempt to overcome these challenges and successfully develop the software products.
Result: Based on the fact pattern above, the company accumulated a credit of about $500,000.