Borealis ehf

Borealis ehf – development project

  • 100% subsidiary of St-Georges.
  • Distributed exchange structure.
  • Hybrid blockchain ledger driven exchange.
  • Mainly utility tokens.
  • Will be regulated by the Icelandic and Maltese government.
  • Using ZeU Crypto Networks blockchain technology.

Borealis EHF has moved the focus of its platform development towards a distributed exchange structure and initiated tests using EOS public blockchain in order to limit gas costs of transactions. ZeU is handling all developments. The scenarios being studied would integrate ZeU private blockchain with EOS to reduce development time and further limit the costs per transaction while keeping control of the smart contracts tokens issuances and the utility tokens used in the distributed platform.

Borealis expects to be in a position to deploy a test version of the platform before the end of the first quarter of 2019. Limited version of the testing platform should be available for review by regulatory authorities in the planned jurisdictions of operations by the end Q2 2019.