Byzantine Solutions

Web Name: Byzantine Solutions






Byzantine Solutions is a fintech innovation lab working with
state-of-the-art technology to empower advances in the ways that finance work


Fueling digital
innovation for the
better today

Services Works Team Contact Publications Drop us a note!
We're ready for a long-road flight working with a week- or months-long projects. Tech info reach out Drop us a thought, a question, topic or idea that you're interested in reading about and we'll research it & publish something on that just for you.

NB: this is absolutely free of charge, we're all about trustless distributed knowledge Drop us a thought, a question, topic or idea that you're interested in reading about and we'll research it & publish something on that just for you.

NB: this is absolutely free of charge, we're all about trustless distributed knowledge 8 year of experience in digital venture consulting. Trend-watcher & business model strategist. Firmly believes that innovations are born in the convergence of disciplines. Alexandra Vachnadze
CEO & Сo-founder Who we are We are a tight team of researchers, strategists, and digital integrators, driven by a passion for great ideas and innovation. We combine expertise in technology, finance, consulting, and business strategy to design and facilitate production of innovative, efficient market-ready solutions. Say hi to Alexandra 8 years in software development. Blockchain researcher since 2014. Believes in functional programming, decentralized finance, and careful alignment of incentives. Alexander Bokhenek
CTO & Сo-founder Say hi to Alexander Digital producer, researcher, analyst and writer. Psycholinguist inspired by technological breakthroughs, trustless communication in noise, and decentralized future. Aleksandra Nikiforov
Product designer Say hi to Aleksandra DLT researcher and advisor since 2016: from state-of-the-art cryptography and distributed protocols, to mechanism design and incentives in economic systems. Strong believer in privacy and personal agency above all. Ivan Kamakin
Blockchain Scientist Say hi to Ivan Say hi to Varvara With inexhaustible enthusiasm for breakthrough tech and relentless QA, over the years Gevorg has launched several projects in blockchain and DLT, setting a high bar on the quality of work. Gevorg Bagramov
Project manager Say hi to Gevorg A passionate learner of financial markets. Global Macro researcher and financial technology advisor. Believes in coalition between TradFi & DeFi. Varvara Shershneva

Word of mouth

What it's like to work with us?
Take it from those who come back:
Andrew Durgee Republic, Managing Director

From prototyping, to economic modelling to coding – the guys show an incredible technical grasp and excellence. They are competent, responsive, and always up-to-date – a good partner anyone can safely rely on. With robust research and comprehensive due diligence they are sure to offer fresh perspective on how to strengthen even the most technically complicated projects.

Vladislav Solodkiy Arival bank, CEO

Visionary mindset and precise execution, — that's how I'd describe Alexandra. She sees the whole picture, down to the tiny details, and carves a path to deliver results swiftly and efficiently. The thorough and holistic approach Alexandra takes has helped me a number of times to look at things from a new angle. Adding to that strong communication skills and a great personality, — I'm grateful to have her in my network, and look forward to working with her again.

Francesco Vivoli Clovr Labs, co-Founder & CxO When I was first introduced to Alex I wondered: 'who's this guy with a sense of humor on Telegram?'. Later on I got to discover a sharp, focused individual that didn't feel the urge of cutting corners just to get a project over the fence. Besides an outstanding comprehension of all things Ethereum and beyond, his proposals always took into account both short and long term considerations, which isn't that at all common. A great professional to work with.
Dmitrij Radin ART21, Innovation Manager My experience working with Byzantine.Solutions team was pretty amazing.
I really appreciate multisector expertise of the team and am thankful for not only achieving all the goals on time but also consulting and advising on side topics. Together we've succeeded to develop technical documentation for the unique data privacy centered network and also conducted feasibility experiments. So once again, great job, Byzantine.Solutions! Looking forward for the new quests to solve together with you.

Our publications

ReDeFine 2020: Where decentralization meets finance Mapping out DeFi — a heavily under-researched cutting-edge industry based on novel technology Read the report DeFi in Eth 2.0 and migrations A brief on what 3 major renovations geared towards Eth 2.0 that will span over the next 2 years mean for DeFi and what to make of it Explore EY Nightfall: Timber Breaking down EY Nightfall — a second-layer private transaction framework with zk-proofs
and off-chain transaction processing Explore Ethereum Storage Rent:
What should we expect? Clarifying the design and motivation behind blockchain rent: why we need it and how it works Explore Current state of MPC in
privacy-preserving ML On multi-party computation protocols — one of the hottest current topics in cryptography Explore Distributed Ledgers: Age of Scale An essay on blockchain scalability with thoughts on how can blockchain systems become powerful enough for a global audience Explore blank Coming soon: [your_choice] Decentralised systems live by the activity of each and every one of its elements. If you have something in mind for us to research, do tell! Suggest a research topic

Our Collaborations

Some of the outstanding projects
we had the pleasure to work with:



A standing partnership with Republic Advisory Services, the crypto arm of Republic, a leading equity investment platform in the US. Byzantine Solutions is an expert partner on the topics of blockchain research and tokenomics modeling.

Arival bank The first fintech bank targeting underserved high-risk clientele: startups, crypto businesses, digital-nomad entrepreneurs and freelancers. We undertook a comprehensive field study of the existent regtech solutions and frameworks to give an unbiased view on the bank’s compliance pipeline design. Waves We implemented an escrow service for payments on Waves blockchain, using the recently published RIDE smart contract language. The service is an open-source web application integrated with Waves Keeper for a fully trustless interaction cycle with the blockchain. The collaboration is a part of the fourth batch of the projects supported under the Waves Grants program. Alf We are development advisors for the third-generation DeFi project — a Solana-based leveraged liquidity provision dApp Alf Protocol. We helped the team develop token design, tokenomics, and architectural solutions to fit the benchmarks set. ThunderLands Thunder Lands is a virtual gaming metaverse set in the genre of Dark Fantasy, combining classic MMORPG and modern blockchain technologies. Faraway

Faraway is a platform for player-driven universes with2M+ Faraway players fighting92k

battles every day. The developer launched the first live multiplayer game on Solana — an open economy shooterMini Royale Nations

IT Sistemos A DLT platform for trustless, zero-knowledge sharing of ML models and datasets for training and execution. Byzantine Solutions is filling the roles of principal investigator and architect of the product. The scope of our works includes internal research, collaborative research, and product design, up to providing the technical specification for a production-ready platform. Metahash A public blockchain network with horizontal scalability, based on custom combination of Proof-of-Stake mechanisms and a number of unique architectural choices. We performed a Technical Due Diligence on the protocol and protocol documentation, together with an interview with the project’s CRO. Silverway The first integrated provider of trading data and liquidity for private round tokens. In collaboration with the project's team we conducted market research, created acomprehensive project descriptionand, upon client's request, also explored the possibilities of integration into the Cosmos ecosystem
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