iLocking iLocking

iLocking Kft. — mission-critical systems engineering

Systems that must not fail.

Correctness at scale.

Three disciplines meet here. Business — twenty years inside banking, settlement and energy markets, where we learned what a process is actually worth. Cryptography — fifteen years of protocol design, up to schemes of our own invention. Engineering — distributed systems that scale linearly and run for decades. Most firms offer one of the three. Mission-critical systems need all of them, in the same room, at the same table.

Talk to us See the work
25 yrs
the company
20 yrs
building critical software
15 yrs
cryptographic engineering
1st
blockchain-based core banking platform behind an EU-licensed e-money institution
1st
MiCA licence in an EU state, engineered by us

What we do

01

Mission-critical architecture & delivery

From blank page to production: specifications a bank can build from, architectures a regulator can read, delivery that ships. Analytical accounting, settlement engines, back-office platforms.

Architecture & delivery 02

Distributed algorithms & systems

Consensus, replication, state machines, message-driven pipelines. High-throughput transactional systems designed for replay, audit and the bad day — not just the demo.

Distributed systems 03

Applied cryptography

Fifteen years of it: threshold signatures, publicly verifiable key generation, quantum-safe migration paths, proof systems sized to the problem. Provable, reviewable, boring by design — and some of it published as our own protocols.

Applied cryptography

Where it runs

Financial core systems

Core banking, securities settlement, factoring, pension fund accounting. The truth layer of finance: analytical ledgers and the general ledger beneath them.

Energy & commodities

Registry, settlement and procurement systems for energy markets. Proven on the power side — exchange clearing, balancing-capacity tenders, European transparency publishing — and built to carry gas, oil and other commodities under the same discipline.

Regulated digital assets

Web3 without the noise: MiCA-licensed platforms, tokenization with a real ledger behind it, DORA-conscious operations.

Public sector & defence

Where process integrity is the mission: sealed procedures no operator can open early, command and entitlement chains enforced by mathematics, compliance provable to outside parties — without surrendering the data. The rigor exists today; this is where it applies next.

Proof, in one line each

  1. 01

    Core banking platform designed from a blank page for one of Central Europe's largest banking groups — from user management to the general ledger.

  2. 02

    Clearing & settlement specification for a national power exchange; balancing-energy tender optimization for the national grid operator, publishing to the European transparency platform.

  3. 03

    A factoring operation's agreement & calculation engine, derived from first principles — variable rates, variable instalments, solved for any unknown.

  4. 04

    A new-generation neo-core banking and account management system, designed and built by us: online general ledger, highly distributed, linearly scalable — an average node on 2 CPUs and 4 GB RAM books 10–15,000 transactions per second and serves 100,000 client accounts. It runs today beneath an EU member state's first MiCA licence.

  5. 05

    Published open research: NPVDKGRS — non-interactive, publicly verifiable distributed key generation over BLS12-381; post-quantum variant designed. — NPVDKGRS

  6. 06

    Our own protocols in the wild: the Pactena Protocol and Qashmore — private, offline-capable digital cash where fraud reveals itself. — Pactena Protocol · Qashmore

Boring, in the best sense.

Mission-critical systems should be dull: deterministic, auditable, reconciled to the cent and to the megawatt-hour. We spent our first decade making classical finance so — account management, securities settlement, pension fund accounting, power markets. We spent the most recent one proving the same discipline holds for the new world: a neo-core banking system with an online general ledger, distributed and linearly scalable; threshold key management where the complete private key never exists; digital asset custody that satisfied a MiCA licensing review. New technology is welcome here — after it passes the same audit as the old.

Real digitization hasn't started yet.

What passes for digitization today is paper processes projected onto screens — the same routing slips, the same waiting, now with login pages. Digital islands, stitched together by email. We build born-digital processes instead: the signature, the authorization, the transmission and the archive form one mathematically protected chain. Turnaround drops from days to seconds, every step leaves evidence — and the evidence works in both directions:

Manifesto

The data stays. The proof travels.

Sensitive records never leave their owner. What leaves is a proof — that the transaction happened, the deadline held, the rules were followed — verifiable by anyone, revealing nothing. Auditable systems without opening the envelope.

Our test for "mission-critical"

Three questions decide how we build:

  1. 01

    If it stops — who notices, and how fast?

  2. 02

    If it's wrong — who pays, and how much?

  3. 03

    If it's audited — what does the trail show?

If the answers frighten you, we should talk.

Have a system that must not fail?

Write to us