SETL Lab initiative officially launched

SETL, an innovative blockchain financial services company, has officially announced the launch of the SETL Lab.

The idea behind the SETL Lab is to provide a working space for developers with blockchain ideas, who are looking to test out their applications. According to SETL, the Lab is the perfect working environment for innovators and project managers in the financial services industry. 

SETL Lab and research

The main benefit of the SETL Lab is that it will become a breeding ground for innovative prototyping of applications and hypothesis testing of blockchain solutions.

As part of the SETL array of services, users of the Lab will have access to all products in the SETL suite. The Lab platform will allow developers to test and change their products until they reach the point of completion. Once satisfied with their results, developers and clients will be able to officially launch their applications through SETL. 

Tests and results

One of the best capabilities of the SETL Lab initiative is that it allows developers to run endless tests to their products while getting access to performance results and analytics. 

According to SETL’s Head of Product Strategy, Joshua Daniel, SETL Lab is the solution to a growing demand for a common ground for development between financial services and technology. 

Mr. Daniel added that the Lab interface was intentionally simplified so that users of all degrees of expertise can test out their hypothesis and run their apps on SETL’s blockchain.

Much like ETC Labs, SETL aims to provide an environment, which will stimulate the advancement and development of blockchain-based applications and services, predominantly focused on financial services.