Case Study
DLC Link (formerly iBTC)
About DLC.Link
In the digital currency landscape, Bitcoin still has the biggest market in crypto. But in order for the decentralized digital asset to be transferred, it requires contracts for uses like lending and currency hedging.
This is where DLC.Link comes in. The company builds the infrastructure that lets application developers on any blockchain accept native Bitcoin. DLC.Link is solving one of the biggest challenges in the industry today by unlocking the power of Bitcoin across blockchain applications.
The Situation
The DLC.Link team applied for an ambitious grant that required them to build a complex product in a compressed time frame. The team drew up milestones to measure progress month-by-month with a very small margin for error.
That’s when the company decided to take a risk and spend half of its initial funding on partnering with Dakai to get a kickstart and ramp up quickly.
The Results
After a three-week ramp-up period, Dakai ended up delivering the project two months early — and compressed a 5-month engagement into a 3-month engagement while delivering code that did not show any critical vulnerabilities.
As a result, DLC.Link grew from two employees to six and demonstrated enough product traction and innovation to raise $1 million in additional funding. What's more, the technology that Dakai helped build is embedded in the first prototype for launch.
The Technical Details
Looking Ahead
The partnership between DLC.Link and Dakai created a proof of concept for a Bitcoin escrow technology that has the potential to unlock trillions in Bitcoin liquidity over the coming years.
At scale, this will undoubtedly make a permanent and lasting impact on the crypto landscape today and in the future.
Our offices
Abu Dhabi
Abu Dhabi Global Markets
Office 2201, Floor 22,
Sky Tower, Al Reem Island
Email: info@dakai.abudhabi