Although Euklid is involved in the fintech industry, it strives to go far above other businesses by eliminating the human element from its banking operations.
Established in 2015 and claims to have created a technology that can predict bitcoin price swings, increasing the value of investments in the digital currency.
It advertises its technology as fusing the trust and transparency of blockchain transactions with the machine-learning capabilities of artificial intelligence.
Algorithm-based trading has existed for some time, but Antonio Simeone, a co-founder of Euklid, tells ZDNet that “our primary value is our systems’ capability to self-optimize and self-adapt to the vagaries of the market.”
The business estimates a 132 percent return on its bitcoin investments over the previous year. Each asset is examined by 30 algorithms, which consider 256 different factors and learn the optimal choices based on past performance.