Overall Project Status

November was heavily focused on developing the smart contracts for an Enterprise client, Al Hilal Bank. The October update highlighted we experienced some delays across Enterprise offering build-out, this was a result of dedicating most of our efforts to the most promising project, building-out Al Hilal Bank’s Digital Sukuk Certificates.

Jibrel successfully deployed Smart Contracts relating to the settlement and secondary trading of an Islamic Bond. The product has been dubbed Smart Sukuk. Jibrel aims to build further on the success and build a platform for the intra-bank secondary trading of Islamic Bonds, as Phase II of the project.

In addition, Jcash will need to move from Alpha (Live) to Beta (Q1 2019) to allow scalability in order to on-board the strong pipeline of enterprise clients. The beta will allow institutions and individuals to become liquidity providers, incentivized by JNT fee share.

Crypto-products are moving along nicely, with the Jwallet Android ahead of schedule and will be released in Ireland and the UAE next week.

Jwallet iOS is on-track for a Q1 2019 release (January: select geographies, February: all geographies).

Jnode and Jticker are on track and should move to production just in time for additional enterprise client on-boarding.

Finally, Jibrel has begun building out a dedicated UX team to ensure B2C products are intuitive and user-friendly, particularly for Jibrel Search, which is also on-track.

Sanitized extract from Jibrel Town Hall (Monthly alignment call) — November 2018 — Overall Update

While Blockchain Pilots have been slow to materialize, our recent success with Al Hilal Bank has sparked interest across numerous institutions, regulators and governments. We are hopeful that pilots will begin to close at a much faster pace going forward, driven by overall Jibrel awareness and increased regulatory clarity.