My participation into the writing contest organise by 
Introducing the founder of firmo with a vast experience in the crypto space, including a PhD in Mathematical Finance from the University of Cambridge and a position as an Assistant Professor in Blockchain Technology at the University of Copenhagen, Dr. Omri Ross, CEO and founder of Firmo
WHAT IS FIRMO?
Firmo is a blockchain based platform that aims at building infrastructure for the crypto economy industry. The platform uses the smart contract language to enable secure execution of financial contracts on the blockchain. With a domain language, the FirmoLang, users from all over can compose secure smart derivatives that are compatible with any major blockchain. This language is formally verified to produce an unmatched security in the distribution of infrastructure. Currently, the team behind the project is compiling to Ether, while exploring compilers for Otum, Cardano and Neo.
Feature on Firmo
Powered by the FirmoLang, the platform offers the following features to its users:
Safe and secure financial contracts
Firmo offers users a safe and secure way to create bullet-proof, trustless financial contracts. The unique contract engine coupled with domain-specific language offers users an unmatched degree of security, safety, and ability to translate the platform contracts into smart contracts. Users can take advantage of the powerful features of the platform. Other features o9n the platform include
• Handshake
• Firmo smart contract
• Transaction
Problems Firmo wants to solve
According to the official website, the international financial product market for things such as futures and derivatives moves substantial value every day. The website continues, “Derivative financial contracts are created and executed by financial intermediaries, but in the exponentially growing cryptocurrency universe. Currently, there is no safe way of offering or executing these products and the traditional derivative providers are not meeting the huge demand for advanced cryptocurrency derivatives.” The aim if the platform is to solve this issue.
Derivate platform, from cryptocurrencies
Since there are few platforms that offer safe and secure layers on top of smart contract language, Firmo offers users a safe and secure platform with efficient results. In some cases, the DAO and Multi-sig parity are examples of how difficult it is to write safe contracts. However, Firmo offers a better platform for all.
Team
The Firmo team is made up of core team members, advisors and academic advisors. The CEO is the platform is Omri Ross, Co-CTO Gury Tarub, CO-CTO Ariel Laub, Dovev Goldstein the CMO, COO Elad Shabi, Johannes Jensen Head of product and other core team member.
Conclusion
With many people seeking to invest in cryptocurrency and the blockchain technology, Firmo provides them with an opportunity to do so in a safe and secure manner. The team behind the project has experts in different fields in the blockchain and cryptocurrency industries.
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Firmo launches its protocol for secure blockchain-agnostic financial contracts
As blockchain technology expands across industries, new applications of distributed ledgers and smart contracts are arising almost every day. Today is no different.
Firmo which specialize in bringing financial contracts to the blockchain has created a cryptocurrency infrastructure with the launch of its contract engine today. Providing exchanges with a significant degree of safety and security, the Firmo platform enables the creation of smart derivatives and financial instruments, something that hardly exists on most blockchains.
Founder and CEO Dr. Omri Ross is an assistant professor in Blockchain Technology at the University of Copenhagen and holds a Ph.D. in financial mathematics from the University of Cambridge.
In essence, the idea is a simple one. Firmo acts as a protocol layer and offers all the major blockchain platforms, exchanges, and liquidity networks, such as Bancor, the ability to construct automated financial contracts that are enforceable.
“We support most derivatives traded on the traditional markets,” Ross told me. “This includes options on a variety of underlying futures and swaps on digital assets. The importance of running such products on the blockchain is that it will offer a decentralized solution for these markets. As an example, consider a decentralized CME Group or CBOE on the blockchain.”
Over the counter (OTC) derivatives make up a substantial marketplace. While declining slightly in recent months, the notional value is still estimated to be more than $500 trillion.
To date, the blockchain landscape has lacked a secure infrastructure to support financial derivatives. By enabling a crypto-economy that supports derivatives, Firmo allows for decentralized futures market contracts, cryptocurrency swaps, condition-based crypto-asset hedging, and OTC derivatives.
“At the first stage, we will support any asset that is tokenized on the Ethereum platform, meaning anything that can be represented as an ERC20 token,” Ross said. “This allows us to represent traditional asset classes, such as the USD, through the Maker Dai or other stable coins.”
With today’s announcement, Firmo is providing an infrastructure for the creation of derivatives and financial instruments on crypto-assets. Firmo’s Protocol, FirmoLang, is written in Haskell and has been formally verified with the Coq proof assistant, which suggests it has high-security standards.
So what’s next for the company?
“Our platform is intuitive, secure, and blockchain agnostic,” Ross said. “We will create compilers for a variety of blockchains and plan to extend our offerings for the traditional markets, offering conventional institutions access to execute secure financial instruments on the blockchain. We believe that providing secure, intuitive, and blockchain-agnostic infrastructure is the key to advancing the blockchain space.”
Firmo was launched in 2017 and is headquartered in Gibraltar.
