Fintech firm launches Vault OS, a blockchain-based banking operating system

Former Google expert Paul Taylor, founder of Thought Machine has started working on the blockchain-based system named Vault OS which is the first ‘next generation’ operating system for banks.According to the official release, Vault OS was built from the ground up by Thought Machine, a Fintech firm that has worked on this project in stealth for two years. Based in London, it was established by Paul Taylor and a core of ex-Google engineers and has a team of 50.The system, created with private blockchain-style technology has cryptographic ledgers for watertight security. This runs in the cloud as a software-as-a-service that helps banks to scale from one customer to millions without expensive in-house data-centers. Apart from this, it handles millions of transactions per second, captured in real-time on a single unified…


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