The Founder and Director of White Code Labs, as he is known now, Chaudhuri had a vision from the very beginning. He mentions, “The vision was to create an impact, whether it was the Pinster app which I developed in the early stages of my career or the Emily app, which I had created four years ago.” Pinster was a new, exciting, and simple way to save and share locations of favorite places and events, with the option of saving any location, via a pin or a photo snap. On the other hand, Emily dealt with locking and unlocking of applications remotely using mobile phones. Developing Emily came as a learning curve for Chaudhuri as he became familiar with the security aspect of technology—which eventually became the stepping stone for his next venture. Chaudhuri believes that the will to create an impact is powered by his vision and the strong technical knowledge which he garnered over the years. This introduced him, as he states, “to this beautiful concept of how technology can immensely help people and enterprises.” He informs, “I saw White Code Labs as the force through which current enterprises can step up and leverage technology to fulfill their different requirements and above all, create a difference.” Today, Chaudhuri’s firm helps financial institutions to innovate in an era of rapidly evolving business imperatives and customer expectations. “Financial services firms need a secure and agile solution to integrate their applications, data, and devices seamlessly; we deliver services that provide data-driven customer interaction, centralized data analytics, and data security and privacy,” says Chaudhuri.
Targeting Niche Financial Areas
White Code Labs assists the financial services industry to overcome the unique challenges that they face due to the rising customer demands for a connected digital experience. With a strong technical background and a competent team of engineers to back them up, the firm offers an in-house solution and works as a partner to implement internal blockchain infrastructure for its clients. “When we talk about blockchain, organizations understand Bitcoin and transfer, which is just one use case of it.
Unlike most existing blockchain development firms we not only provide the most demanding blockchain solutions, but we also target on unchartered sectors such as “identity theft” and “trade finance.”
"We are young, passionate and we are here for the long-haul and our goal is to make organizations and enterprises efficient by providing cost-effective and revenue enhancement services and solutions"
Leveraging Blockchain for Data Security
A decentralized ledger used to exchange digital currency securely, blockchain can perform transactions securely. White Code Labs leverages blockchain to offer smart contract development, smart contracts audit, private blockchain development, and wallets. The smart contracts audit solution overcomes the challenges that security flaws, misbehaviors, and inefficiencies present, which are necessary to look out for during a payment process. “Manual financial data entry can lead to numerous errors, since they are inputted in the backend, and can be hacked. But by using our solution, you can ensure that it is properly and financially audited,” adds Chaudhuri. The key differentiator that makes the company stand out among its peers is their cryptography-based, private blockchain development. Implementing it enables clients to harness and improve security.
White Code Labs also develops traditional and multi-signature wallets for security and privacy. The wallet can be implemented in a user’s private account enabling them to save money for future use. Apart from these solutions, the company also provides in-house screening and consulting.
"We help companies to accelerate their operations by leveraging blockchain. The end goal is to make organizations efficient, transparent, and secure"
To further White Code Labs’ vision of delivering creativity, innovation, and value-driven results for its clients, the company adapts futuristic technology solutions through its innovation lab. “Blockchain has continued to permeate into applications that extend beyond the financial sector into several industries, like supply chain management, forecasting, energy, and retail and shopping,” mentions Chaudhuri.
For instance, White Code Labs aims at working with Government institutions.
“We can help companies to accelerate their operations by leveraging blockchain. The end goal is to make organizations more efficient, transparent, and secure.”
The Door to Technological Wonderland
The brainchild of Chaudhuri, White Code Labs, initially was a software development firm, providing software consulting services to SMEs and enterprises, and developing consumer software applications. With time, the company has grown and expanded its capabilities to include blockchain application development and enterprise blockchain development in its solution arsenal. Down the line, the company aims to partner with established banks to provide blockchain services. They also focus on delivering niche offerings for revenue deduction and profit enhancement for both large and small commercial banks. “We believe in constant innovation, and we value people—employees, partners, associates, and vendors—and have a strong belief that the competence that we bring has the potential to solve any quandary that our clients might have,” mentions Chaudhuri.
With the vision to create a separate venture for blockchain service and solution—Chain Innovation—White Code Labs aims to create and provide niche offerings to trade unions and commercial banks. “The goal here is to assist banks to enhance their profits by endowing them with the power of blockchain,” says Chaudhuri. Moving forward, the firm also aims to expand its geographical presence in Southeast Asia as well. “In terms of implementation, we have the know-how to deliver financial security solutions in a cost-effective manner, and this will propel us as the ultimate innovator in the financial marketplace,” concludes Chaudhuri.