be released)
(the “Memorandum”), including without limitation, the important information included in the Memorandum under the headings
Our public communications, including this White Paper, may contain "forward-looking statements" – that is, statements related to
future, not past, events. In this context, forward-looking statements often address our expected future business and financial
performance, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would,"
“estimate,” or “forecast.”
These forward-looking statements may include projections and estimates concerning the timing and success of strategies, plans or
intentions. We have based these forward-looking statements on our current expectations and assumptions about future events. While
we consider these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic,
competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are
beyond our control and could cause actual results to differ materially from any future results, performance or achievements
Readers should not place undue reliance on our forward-looking statements. We undertake no obligation to update any forward-
looking statements to conform to actual results or changes in our expectations, unless required by applicable law
www.optherium.io
and jurisdictional boundaries. Transactions typically involve various participants like buyers, sellers, and intermediaries (such as
banks, auditors, or notaries) whose business agreements and contracts are recorded in ledgers. A business typically uses multiple
ledgers to keep track of asset ownership and asset transfers between participants in its various lines of businesses. Ledgers are
Current business ledgers in use today are flawed in many ways. They are inefficient, expensive, and subject to fraud and misuse.
These problems stem from reliance on centralized, trust-based, third-party systems created and used by financial institutions,
clearinghouses, and other institutional entities. These ledger systems lead to bottlenecks and slowdowns in transaction
settlements. The lack of transparency, as well as susceptibility to corruption and fraud, create greater potential for disputes.
Resolving disputes by reversing or providing insurance for transactions is costly and adds another layer of inefficiency to an
already overburdened system. These risks and uncertainties ultimately contribute to missed business opportunities.
Instead of relying on a third party to mediate transactions, member nodes in a blockchain network use a consensus protocol to
agree on ledger content and cryptographic hashes, as well as digital signatures to ensure the integrity of transactions. A
decentralized, peer-to-peer blockchain network prevents any single participant (or group of participants) from controlling the
underlying infrastructure or undermining the entire system. Network peers are all equal and adhere to the same protocols
regardless of their individual statuses. At its core, the system records the chronological order of transactions when all nodes agree
to the validity of those transactions using the chosen consensus model. The result is an irreversible and decentralized record,
Optherium Labs, a global FinTech company and member of the Linux, Hyperledger, and Crypto Valley
Foundations, is licensed in the European Union for its fiat-to-crypto and crypto-to-fiat currency
exchange and eWallet services.
Optherium Labs, a global fintech company and member of the Linux, Hyperledger, and Crypto Valley foundations, is licensed in
the European Union for its fiat-to-crypto and crypto-to-fiat currency exchange and eWallet services. The Optherium Modular
Ecosystem utilizes a proprietary 1 , private, MultiDecentralized Private Blockchains Network™, which is Multisecure™, and provides
multi-currency transactions. The Ecosystem uses Dynamic Biometrics™ verification and instant multisignature transaction
confirmations on a Hyperledger Platform. This Ecosystem permits individuals and corporations to securely store their digital assets
and to execute instant transactions worldwide at rates of more than 100,000 transactions per second 2. It is anticipated that
during November 2018, Optherium Labs will proceed with a main token sale to U.S. accredited investors under Rule 506(c) of
Regulation D, and to non-U.S. investors under Regulation S, of the Securities Act (“Act”) of 1933.
1 Provisional application has been submitted to the U.S. Patent Office regarding the Multi-Decentralized Private Blockchains Network™ and the MultiSecure™, Dynamic
Biometrics™-based verifications.
2 Until Optherium Labs obtains all necessary licenses in the U.S., currency conversions and confirmations will not be available in the United States.
Table of contents
1. Executive summary 4
2. Introduction 6
2.1. What is Optherium 6
2.2. Comparison of Optherium Technology to Public and Private Blockchain Networks 7
5. Management Team 23
5.1. Executive Officers & Management 23
6. Conclusion 28
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 4
Introduction
What is Optherium?
While the popularity and value of digital currencies have risen over the course of the last five years, their usability and convenience
has not. The number of people who own digital assets has increased substantially, but those people are unable to realize the full
value and spend those digital currencies in the real world. Purchasing goods and services with these assets is extremely difficult
even in the rare cases where businesses do accept them. This same problem applies to business owners as well.
The Optherium Ecosystem utilizes a proprietary, private, Multi-Decentralized Private Blockchains Network™, which is Multisecure
technology™ and supports multiple currencies, using Dynamic Biometric™ verification and instant multi-signature transaction
confirmations all on Optherium Ecosystem. This allows users to securely store their digital assets and execute instant currency
conversions and confirmations at rates of more than 100,000 transactions per second. The platform is also able to provide Know
Your Customer (KYC) and Key Recovery Service (KRS) modules that are stored on the Multi-Decentralized Private Blockchains
Network™.
Optherium’s focus will be on financial transactions and the needs of the enterprise finance and e-commerce industries. The
Optherium Ecosystem will also support any other value-based transactions that are possible on blockchain. These include those
transactions involving digital assets, legal document streams with authentication, real estate transactions, and many more.
Vision
Optherium Labs is a member of the Linux and Hyperledger Foundations and the Crypto Valley Association. The company is
building and developing a new standard of private blockchain solutions. By using an Ecosystem with a proprietary Multi-
Decentralized Private Blockchains Network™ technology and Multisecure™, Dynamic Biometrics™- based verifications, the
buy, sell, send, or pay instantly using digital assets worldwide . Additionally, the company has created an exceptionally secure
4
environment for storage of highly sensitive information using its proprietary Multi-Decentralized Private Blockchains Network™
technology. These innovations will bring new blockchain standards to the FinTech industry and the communities of software
developers.
3 Optherium may need to obtain special permits and licenses depending on the territory where this functionality will be available for use.
4 Provisional application has been submitted to the U.S. Patent Office regarding the Multi-Decentralized Private Blockchains Network™ and the MultiSecure™, Dynamic
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 6
Comparison of Optherium Technology to Public and
Private Blockchain Networks
Multi-Decentalized
Public Private Blockchain
Private Blockchains
Blockchain (one ledger)
Network™
High. On multple
Scalability Low Moderate
levels
Blockchain No
Archive old and replace
No No
data archiving with new
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 7
The Digital Economy
The Digital Economy
In just the last year, the global digital economy has grown more than
tenfold from $25 billion to $270 billion today.
Despite the volatility in the industry, there has been a clear upward trend and there are strong indications this will continue into
the foreseeable future. One of the metrics highlighting this growth is the number of unique users involved in the digital economy.
Optherium believes that there are over 50 million unique users that hold some form of digital asset in the market today.
These users have at least one of 140 publicly available wallets, which maintain varying degrees of usability and security5 . This is a
marked improvement in security when compared to storing crypto assets on a ‘hot’ wallet with an exchange. A recent article in
Fortune calculated that since 2011, nearly 5 million Bitcoins have been stolen, representing a loss of over US $10 billion6. 4 million
Bitcoins were lost in 2017 alone (http://fortune.com/2017/11/25/lost-bitcoins/). Thus, there remain significant challenges that
a. Public blockchains experience slow transaction speeds, no peer-to-peer permissions and roles, time consuming
confirmations and they do not provide users with confidentiality and privacy.
b. FinTech platforms cannot handle the growing transaction bandwidth and are increasingly subject to transaction
validation speed and volume limitations. Current blockchain solutions are bottlenecked by the volume of
transactions. Major retailers and banks, for example, cannot support digital currencies due to relatively slow
transaction speeds and low volumes, and are therefore boxed into accepting transactions that are centrally
verified, which only serves to increase the risk of hacking the centralized system.
2. Lack of security.
a. A private key is the secret passphrase, string of random characters, or grouping of random words that grants
access to a wallet’s digital assets. Whoever possesses the private key has access to a wallet’s digital assets. Private
keys are complex, so they can’t be easily guessed, but they can be stolen or forgotten. Currently, there is little to
5 https://www.cryptocompare.com/wallets/#/overview
6 http://fortune.com/2017/09/29/cryptocurrency-exchanges-hackings-chaos/
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 9
The Digital Economy
b. Banks, large retailers, and social media sites often store static biometric data in one centralized location. Not only is this
data of limited use due to its static nature, but it also presents a security concern because it is located in a vulnerable
location connected to a network. This means that any user storing biometric data with these institutions is placing a great
c. Currently, sensitive information about individuals, businesses, and consumers is generally stored in a centralized, third-
party repository which creates significant risks of loss of information and dissemination of erroneous or corrupted
information. Even with the upcoming General Data Protection Regulations in place in the EU, any data stored centrally is
vulnerable to hackers. Data shared with transaction processors is replicated in multiple locations and subject to
manipulation by those with access. This is problematic, as requirements for Anti-Money Laundering (AML) and KYC
d. Digital currency exchanges where digital currencies are bought, sold, and traded typically do not store their transactions
on a distributed ledger platform. The data is usually held in a central database, thereby making the digital wallets of users
vulnerable. The vulnerability stems from the centralized structure of digital currency exchanges and their data storage
servers, which have recently been attractive targets for hackers, as well as those who would seek to manipulate market
a. There are few multi-currency and multi-signature smart wallets capable of providing instant transactions, confirmations,
and conversions between supported digital assets and fiat currencies. If you want to buy goods or services with digital
assets, there is no guarantee that other parties involved accept digital assets, creating a disconnect in the marketplace.
b. Very few e-commerce providers are able to accept digital currency due to the lack of a trading platform that is able to
interact with traditional financial systems. This limits the options of buyers who hold digital assets by forcing them to pay
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 10
The Optherium
Ecosystem and
Technology
The Optherium Ecosystem and Technology
Optherium Labs is creating an ecosystem (the “Optherium Ecosystem”) around a modular, Multi-Decentralized Private
Blockchains Network™ that provides fast transactions and instant confirmations utilizing MultiSecure Transactions™, dynamic
biometrics™ - -based user verification involving multi-currencies and multiple forms of digital assets. The Optherium Ecosystem
will act as an operating systems for marketplaces, data-sharing networks, digital currencies, and decentralized communities. Every
transaction and every piece of data is stored on a MultiDecentralized Private Blockchains Network™ within the Optherium
Ecosystem.
Optherium Labs maintains its own private, peer-to-peer nodes and blockchains forged by consensus and combined with a system
for smart contracts and assistive technologies. The multiple blockchains work in tandem utilizing Hyperledger Fabric, the
InterPlanetary File System (IPFS), and the Ethereum Network with unique cross-chain transactions. By using multiple blockchains
over multiple platforms, Optherium creates a uniquely secure, MultiDecentralized Private Blockchains Network™ environment.
These technologies provide Optherium Ecosystem users with transactional applications that establish trust, accountability, and
transparency at their core, while permitting a wide array of functionalities with digital and fiat currencies. Optherium Labs will
create opportunities for an enterprise to either own “nodes” in the Ecosystem as an investment or to have a private-labeled
Optherium product built for them within the Ecosystem. This will enable the enterprise to leverage the Optherium Ecosystem’s
rapid transaction speeds, instant currency conversions and confirmations, Dynamic Biometrics™- based security verifications, and
payments worldwide using NFC (VISA 7 - and Mastercard- user with access to the product modules (B2B, B2C, and the Digital
provided API), QR code, or their biometric data. Exchange (DEX)), and service modules (KYC and KRS).
7 At this stage, Optherium is in the process of discussing a possibility of integrating Visa’s and Mastercard’s payment systems into the Optherium Ecosystem. There is no
guarantee that Optherium will be able to reach an agreement with Visa or Mastercard. Optherium may need to obtain special permits and/licenses depending on the territory
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 12
The Optherium Ecosystem and Technology
transactions at more than 100,000 transactions per second and peer-to-peer roles and permissions to protect sensitive
information. Optherium achieves such high transaction rates by using blockchain channels in a unique way. Each blockchain
channel consists of five nodes and is capable of reaching approximately 3,500 transactions per second. Optherium combines
many of these channels to form a platform layer, and many layers to facilitate multi-decentralization and maximum security.
Additionally, because the Optherium Ecosystem is a closed system, the blockchain is supported by countable number of nodes,
not by thousands of nodes as seen in other public blockchains. By relying on a limited number of nodes in a controlled
environment, transactions are verified much more quickly, because consensus is reached after a much smaller number of nodes
Finally, each service uses more than one blockchain ledger for different purposes. For example, one ledger may be for internal
usage, a second for communicating with other services, a third would represent a specific region, and so on. Hyperledger Fabric
allows for pluggable consensus mechanisms with multiple parameters such as block size, number of transactions per block, and
even latency. These parameters cannot be changed quickly in a public blockchain with its thousands of nodes.
This means that Optherium can have one set of peers that write transactions and a second set of peers that only verify
transactions. In this scenario, transactions that occur between two users registered in the same region will occur on multiple
ledgers in the same region. These transactions can be written by one set of users (peers) and confirmed by a second set of users
(peers), thereby decreasing the time it takes to confirm the transaction. Optherium leverages multiple blockchain channels
Transaction Security
Optherium uses proprietary8 Multisecure Technology™ to protect users and their digital assets: a Multi-Decentralized Private
Blockchains Network™, multi-signature transactions, Dynamic Biometrics™-based verification, peer-to-peer blockchain roles and
permissions, and multi-factor authorisation. Combined, these five layers form the basis of Optherium’s proprietary Multisecure™
platform which makes the Optherium Ecosystem the most secure blockchain network available.
8 Provisional application has been submitted to the US Patent Office regarding the Multi-Decentralized Private Blockchains NetworkTM and the MultiSecureTM, Dynamic
BiometricsTM-based verifications.
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 13
The Optherium Ecosystem and Technology
contained within their associated wallets, even in cases of catastrophe, and the system ensures that users will never lose their
Private keys are kept securely in cold storage that is shared between multiple air-gapped computers. This ensures that the keys are
perfectly stored and cannot be hacked without physical access to Optherium hardware. When first setting up a wallet, users are
requested to enter personal information and answers to security questions. This information is stored in our Multi-Decentralized
Private Blockchains Network™ and forms the basis for the KYC service. At this time, users also set up their Dynamic Biometrics™.
The biometric data is merely used to verify the user and sign the transaction. Together, these security hurdles form the basis for
Because Optherium generates these keys in an air-gapped computer, the computer is never connected to any network and the
keys are completely secure. The public key alone is then provided to the user. Should a user wish to recover any of those keys, the
user can access their wallet via multi-factor verification, which includes their Dynamic Biometrics™.
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 14
The Optherium Ecosystem and Technology
requirements are becoming standard features for any financial offering and Optherium’s service will provide confirmation of the
user’s KYC information to the Ecosystem or external clients without putting the sensitive information at risk. In this regard,
to Optherium’s KYC service. This is the entry point for all other
verified, the KYC service can validate the user’s identity to other
user keys. Users make requests to the WPS for transactions while
user has signed the transaction with their public key, the WPS
In scenarios where a user has lost their device and has to make a
digital assets, WPS uses its key alongside with the key stored within
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The Optherium Ecosystem and Technology
Biometrics-based Verification
Biometrics-based verification depends on a group of private blockchain channels in the Ecosystem, each of which is responsible
for a specific type of biometric data: dynamic facial movement, voice, fingerprint and secret word. A user’s biometric template will
be encrypted and stored using Biometric Encryption™, Untraceable, and Cancelable Biometrics, an intentional and systematically
repeatable distortion of biometric features and digital key features to protect sensitive user-specific data. This technology creates
‘helper data,’ which securely binds a digital key to a biometric, or extracts a key from the biometric, so that neither the key nor the
Biometric Encryption™, like any biometric system, has both false rejection and false acceptance rates (FRR and FAR), which are
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 16
The Optherium Ecosystem and Technology
The cornerstone of the Optherium B2C platform is the Optherium eWallet/Mobile App, VivusPay™, an advanced tool for digital
asset management. The VivusPay™ App allows individuals and small businesses to secure their digital assets with MultiSecure
Technology™ utilizing Dynamic Biometrics™ while managing their assets directly from their decentralized wallets.
The Optherium VivusPay™ supports multiple currencies and is secured by using Optherium’s Dynamic Biometrics™-based security
authentication. eWallets will also be linked to bank accounts and used for traditional financial transactions 9 . The Optherium
VivusPay™ App will be accessible on Android and iOS devices or by a secure web interface. Users and businesses will be able to
utilize near-field communications (NFC), QR codes, or biometric authentication for payments, thereby providing more convenient
features for users and retailers. This feature will also prove to be highly valuable, especially in developing economies
where banking and economic systems have traditionally been weak, because users will not be reliant on poorly implemented
payment infrastructures.
VivusPay™ serves as a digital dashboard for Optherium’s B2C functions. Using this mobile App, a user will eventually be able to
buy and sell up to 150 digital currencies. To use VivusPay™, a user first downloads the mobile app and sets it up. Once the eWallet
is set up with biometrics, KYC, and KRS data, the user can send any supported digital asset to the eWallet in the same manner as
any other digital wallet. Once those digital currencies are in the eWallet, they can function within the Ecosystem.
When a wallet user makes a point-of-sale purchase of goods or services, the user can specify what type of digital currency should
be used for the payment. On the receiving end, the seller can specify what type of digital or fiat currency they will accept. If the
sender and receiver’s preferred currencies are the same, the transfer occurs directly from wallet to wallet. However, if the sender’s
and receiver’s currencies are different, the sender’s payment is transferred into Optherium’s liquidity reserve, a pool of digital
currencies that will be used to perform instant currency conversions and confirmations in the Ecosystem. The receiver’s preferred
funds are distributed to the receiver’s eWallet from the liquidity reserve immediately. For the sender and the receiver, the
transaction appears to have occurred instantly, and the conversion of one currency to another is done seamlessly.
9 In the U.S., Optherium may need to obtain special permits and/or licenses to connect Wallets to bank accounts for this feature to be functional as intended.
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The Optherium Ecosystem and Technology
The value of the transaction, fees, intermediate address, exchange price, and many more details are recorded in the private ledger
instantly, creating a verifiable and immutable record. The selected currency is debited from the user’s eWallet, instantly converted
to the receiver’s preferred currency, and the receiver’s eWallet is immediately credited with the payment. These transactions are
totally private when buyer and seller execute their peer-to-peer roles and permissions of the Ecosystem.
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The Optherium Ecosystem and Technology
Optherium’s products and services within their own systems. The module is built to be an interface for high-volume transactions
such as those occurring on exchanges or in banks. Custom-built APIs will provide instant currency conversion and confirmations
Two or more organizations have the ability to create security levels for different roles. These roles and permissions are programmed by each
organization to ensure that managers can only have access to specific data.
Corporate clients will pay transaction fees for all business conducted on the Optherium Ecosystem. Corporate clients will also
have the option to private label their own blockchain network to further isolate themselves from potential competitors. The option
to private label an Optheriu platform is a unique offering that can help clients customize their offerings to their customers.
Optherium’s B2B platform will utilize Hyperledger Fabric and IPFS. This is a unique process of recording high volumes of supply-
chain transactions into a single ledger in real-time for the purposes of management and reporting standards. All supply chain
The B2B platform utilizes the same Multisecure Blockchain Network™ technology as the B2C platform. The sender specifies what
currency is being sent and the receiver specifies what currency is to be received. The multi-signature transaction is initiated and
the transaction is confirmed. The sender’s currency is remitted straight into the liquidity reserve and the receiver’s preferred
currency is distributed to the receiver’s wallet from the liquidity reserve. The transaction is recorded in our private blockchain so
10 Optherium may need to obtain special permits and/licenses depending on the territory where this functionality will be available for use.
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 19
The Optherium Ecosystem and Technology
digital currency payment solution for their customers. The platform also provides individual customers with the ability to use their
digital currency to purchase goods and services at point-of-sale (POS) terminals worldwide. The platform will allow a user to
deposit or withdraw fiat currency into and out of the wallet using Optherium-supported POS terminals. E-commerce Ecosystem
members will utilize QR Code and Dynamic Biometrics™ verification to instantly pay for their goods and services with digital
currency. Use of the Optherium e-commerce Platform eliminates the need for large companies to build and maintain their own
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 20
The Optherium Ecosystem and Technology
the Ecosystem that require instant conversion and confirmation, at speeds of over 100,000 transactions per second. Optherium’s
exchange/liquidity reserve will support up to 150 different digital currencies prior to launching the Exchange in Q2 of 2019, by
creating currency pairs with Optherium’s own facilitator currency, OPEX™ tokens. The Digital Currency Exchange will be a significant
contributor to the liquidity pool by virtue of the expected large volume of transactions. The exchange will provide an order book
through which buy and sell orders can be placed and executed. The exchange will offer any kind of currency pairing within the
system by using OPEX™. Within the Optherium Ecosystem, all digital currency conversions are completed and confirmed instantly
1. The purchase of OPEX™ tokens are required to use the Optherium Ecosystem with reduced transaction fees.
2. The purchase of OPEX™ tokens will be required for Node Licensure, at specified levels of investment, in order to
participate in the 25% dividend distribution program subject to the terms and conditions provided in the
Memorandum.
3. Node Holders are restricted from the sale of their tokens for one year after purchase.
4. The OPEX™ token is used as a facilitator for currency conversions in the ecosystem using the Liquidity Reserve, and
5. The OPEX™ token will be used to pay for Optherium Services including the KYC service, the KRS service, and the
Digital Data Vault service by any user or client wishing to integrate these services into their own platform. For these
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 21
Management Team
Management Team
Optherium Labs has been working on the fundamental issue of revolutionizing blockchain technology since 2018. With more than
twenty people already working on the platform full-time, the Optherium team is comprised of blockchain specialists, computer
programmers, engineers, security technicians, marketing experts, and business professionals. Each of our team members is
dedicated to building the Optherium Ecosystem and finding innovative blockchain solutions to common Fintech problems.
Coming soon
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 23
Management Team
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Management Team
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Management Team
Linkedin Linkedin
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Advisory Board
Advisory Board
Linkedin Linkedin
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Corporate Partners
Conclusion
Optherium Labs has built a unique, proprietary, Multi-Decentralized™ Ecosystem that addresses the current and future problems of
blockchain technologies, especially as they relate to the finance industry. Instant currency conversions and transaction
confirmations, the highest level of asset security, and broader usability of digital assets are the distinguishing features of
Optherium’s Ecosystem and allow the company to generate revenue through transaction fees.
Optherium’s engineers have built a blockchain network with multiple advantages that others cannot provide without completely
rebuilding their platforms. With multiple interconnected blockchains over three different platforms,(Hyperledger, IPFS, and
Ethereum), the ecosystem is the first private, Multi-Decentralized Private Blockchains Network™ in the world with five layers of
Each core element of the Optherium Ecosystem has been designed to address the three core problems of today’s blockchain
industry: speed of conversions and confirmations, security of digital assets, and usability of digital assets. Not only does
Optherium help users manage and use their digital assets more intuitively, but Optherium fundamentally changes blockchain
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 28
Appendix
Glossary of Terms & Definitions
AML: Anti-Money Laundering - a set of procedures, laws and regulations designed to stop the practice of generating income
API: Application Programming Interface - a set of subroutine definitions, protocols, and tools for building application software. In
general terms, it is a set of clearly defined methods of communication between various software components.
B2B: Business to Business - business or transactions conducted directly between two companies.
B2C: Business to Consumer - business or transactions conducted directly between a company and consumers who are the end-
IPFS: Inter-Planetary Filing System - a protocol and network designed to create a content-addressable, peer-to-peer method of
KYC: Know Your Customer - the process of a business identifying and verifying the identity of its clients.
KRS: Key Recovery Service - the service that allows users to recover their digital assets in case of loss or theft of their private keys.
NFC: Near Field Communications - a set of communication protocols that enable two electronic devices, one of which is usually a
portable device such as a smartphone, to establish communication by bringing them within 4 cm of each other.
Peer-to-Peer Roles and Permissions - The Optherium ecosystem is a private, structured, peer-to-peer network, which is organized
into a specific topology. The protocol ensures that each node efficiently searches the network for a file/resource among nodes
POS: Point of Sale - a terminal or place where goods and services are retailed to customers.
WPS: Wallet Provider Service - the service that generates one of three secure keys required in case of loss of a user’s private key.
© Optherium Labs Dammstrasse 16, 6300 Zug, Switzerland. +41 41 725 08 60 Email: info@optherium.com 30