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Avanza’s Cipher named “Best Financial Industry Application” at the 2017 PASHA ICT Awards

By October 30, 2017 No Comments

Islamabad 27th Oct, 2017: Avanza Solutions picked up the award for “Best Financial Industry Application” for Cipher (Blockchain Platform) at the 2017 PASHA ICT Awards


PASHA held the 2017 ICT Awards ceremony in a grand event at the Serena Hotel (Islamabad) on 27th of October. P@SHA ICT Awards offer recognition to the software and service application development companies of Pakistan by providing them with an opportunity to gain local and international exposure. There were a total of 32 categories, comprising of 17 product categories and 15 service categories. The competition attracted organizations, start-ups, individuals, and students alike to put their products and services to the test.

Avanza’s Cipher is a specialized Blockchain Solution that enables organizations to port their use case on to a series of global Blockchain platforms (including but not limited to Hyperledger and Ethereum). The architecture and design of the solution have been kept abstract and generic enough to fit n number of business processes, consensus objectives, smart contracts’ executions & integrations.

Mr. Omer Ahmed Khan (COO – Avanza Solutions) received the award and said at the event, “At Avanza we work to bring real value to our customers and users with technology. Our constant effort to move forward and innovate has led us to become one of the first to incorporate Blockchain in financial use cases at a macro level. I am confident that with Blockchain technology we can move towards a more efficient and secure infrastructure for the financial and banking sectors.”