What's Tangany about?
An EU-based blockchain custody provider, Tangany. It provides customer solutions for storing digital assets and tokenization initiatives. Tangany follows several main business principles:
Accessibility – Tangany designs easy-to-use solutions they continuously create to meet the needs of their customers.
Authenticity — Tangany gives its customers a straightforward and trustworthy service.
Pragmatism – Tangany proposes realistic approaches based on their organizational principles.
Sophistication – Tangany aims to deliver "top-notch" goods and customer service.
Creativity – Tangany explores new ideas and technical innovations to improve their operation and deliver something unique to their customers.
The Tangany project launched in April 2018, receiving a highly ambitious EXIST from the German Federal Ministry of Economics. Finally, in early 2019, Bavaria won another government grant for being at the forefront of blockchain technology. Tangany also joined the German Blockchain Lobby Group, Bundesblock Bavaria, and its sub-organization.
In March 2019, after several months of development, testing, and evaluation, Tangany's first technology module was released and it was a success: Wallet as a Service (Online / Hot Wallet). Tangany also became a founding member of the Brussels-based INATBA (International Trusted Blockchain Applications Association).
Tangany moved to their new office in Munich Technology Centrum in September 2019 due to their company expansion and team development. In 2020, Tangany obtained additional funding from its founder, High-Tech Gründerfonds, which helped the business expand.
What's Tangany offering?
Tangany provides an advanced package with several features that are very useful for most blockchain projects. Clients will determine which of Tangany's four modules to use:
- API: A programming interface that enables fast incorporation into new and old applications
- Integrated AML Tools: Using this tool to evaluate transactions and KYC / AML
- Custody HSM Key Vaults: High-security key vaults accredited by bank-grade FLPS140-2
- Nodes: Private and public blockchain communication networks.
Application Wallet (WaaS)
WaaS is a blockchain custody wallet, the suite's main component. It helps clients to integrate both old and new systems through centralized API on the blockchain. A unified API offers streamlined accessibility for smooth and easy integration. The API allows clients to build and store wallets, receive and send transactions or cryptocurrencies, and read balances.
There's no limit on the number of wallets per customer, they can create as many as they want, and they're typically allocated on their users and customers. Wallets can also be used to communicate with private blockchains.
WaaS is a highly secure system using a Security HSM Key Vault, and all private keys are safely produced and stored within Tangany's Hardware Security Module (HSM). The HSM is accredited by FIPS140-2, a bank-level security US-standard. This ensures that the HSM can not retrieve the private key, and neither Tangany nor their customers can read the private keys.
Using a node network, Waas secures a reliable link to numerous public blockchains. Tangany handles all nodes maintenance. It supports blockchains like:
- Bitcoin (BTC): All wallets are generated by default using SegWit, and multiple recipients can be specified upon transaction. This also supports other forks including Bitcoin Cash and Litecoin.
- Ethereum (ETH): The program supports various smart contracts, including the expanded concept of ERC20 tokens used to build custom tokens. Other ERC-standards (like ERC721 or ERC1400) can be used.
- Tether (USDT): Usable with ERC20 smart contract. For efficiency reasons like lower rates and quicker transactions, Tether migrated. The original Bitcoin-based Omni Layer network is obsolete.
Offline Wallet Custody
Offline Custody Wallet module enables customers to store large amounts of cryptocurrencies on a highly secure offline custodian wallet operated by Tangany 's banking partner. Clients can deposit funds automatically, but clients must send checked requests for withdrawals. All cryptocurrencies are sponsored, each client is allocated one wallet per cryptocurrency.
This module requires consumers to use KYC policy for European Union regulatory rules. Know Your Customer Protocol is used internationally to avoid money laundering and verify transaction owners. It normally includes the name, address, and some other basic information.
Tangany's third-party partner provides this module, specializing in user verification and regulation. The service is completely incorporated into Tangany 's API, making it simple to use. KYC service is entirely EU-compliant and can be used in most EU countries, presumably dependent on local jurisdiction. The service is very useful as from 2020 all EU member states are expected to adopt AML 's fifth edition and will be forced to issue a new license for Custodian Wallet Providers.'
Tangany helps clients to run the blockchain for different cases. Tangany will build and manage the Blockchain for its customers, which can be easily incorporated into the customer's system through their wallet. Private blockchains can be very helpful because they have minimal to zero transaction costs, improved anonymity, and easy to use.
A private blockchain may be hosted on a big global cloud service provider or on the customer's own network.
In fact, Integration Service is not a technical service, but a consultancy service offered by Tangany 's experts to address all their questions about their products and how to use them effectively. Tangany provides advisory services to both new and current blockchain integration customers and offers individual seminars to help inform customers on the features of blockchain applications.
Which kind of projects does Tangany support?
Tangany supports numerous companies that wish to use blockchain technology to improve protection and usability.
Assets such as shares, bonds, physical assets or even employee stock ownership plans (ESOP) can be digitized and these assets can be safely generated, managed and distributed with low fees using blockchain technology. Build Tangany 's digital asset. Tangany can create various digital assets like:
- Debenture Bonds
- Real Estate
- Physical Assets
Cryptocurrency exchanges are available to allow you to trade various crypto-pairs. Tangany supports different crypto-ecosystem frameworks and processes like:
- Exchanges Crypto
- Crypto(Mobile) Purses
- ICO's, IEO's
While cryptocurrencies were the first to use blockchain technology, the classic financial industry (banks, insurance companies, exchanges, and others) often switches to digitization. Like using this technology for the next digitization stage. Supports Tangangy:
- Cross-border Payment
- Crypto Custody
- Crypto Trading
- Stable CoinsRecently
Nowadays, Blockchain technology became a common resource for digitized property properties. Innovative technologies and business models allow new target audiences to invest in real estate by purchasing pieces of property defined by tokens that investors can exchange without expensive intermediaries. Tangany supports:
- Tokenized Assets
- Real Estate Investment
- Digital Contracts
Tangany provides its services to the fast-changing energy market, which can use blockchain technology to generate electricity. Tangany supports:
- Smart Energy (DERs)
- Green Credit Trading
- Renewables Financing
- Energy Marketplaces
Loyalty schemes are commonly used to allow people to receive and accumulate points for rewards and discounts. Although most of these systems are still paper-based, blockchain technology lets customers tokenize points that can be stored without paper and even exchanged. Tangany supports:
- Loyalty Points
- Reward Systems
- Exclusive Perks
Gambling & Gaming
The gaming industry uses blockchain technology like no other market. In-Game properties like objects and currencies can be tokenized. Assets can be used through games and players traded, helping developer studios create new revenue streams.
- Video Games
- Tokenized Items
- Cross-Game Usage
- Collector Set
Blockchain technology revolutionizes legal networks as governments around the world are looking into its attractive possibilities. Tangany supports:
- Document Validation
- Petition Systems
- Certificate Exchanges
- Own Cryptocurrencies
Tangany main features and highlights
- Wallet as a Service
- Offline Custody Wallet
- Blockchain as a Service