For more than 13 years, Viktor Khudiaiev has worked for others in the areas of software development and distributed computing.
Now, he is embarking on a project of his own and like successful entrepreneurs everywhere, he is working to solve a problem.
Khudiaiev, who is employed at JPMorgan Chase as a software engineer, sees the need to provide for stronger verification of transaction records after they are created. The issue is distinct from measures already taken to prevent system hacking.
“It’s about making sure that once a transaction is recorded, the data cannot be changed, altered or manipulated without detection,” Khudiaiev explained. “As financial systems become more digital, distributed, and automated, this type of integrity check becomes increasingly important.”
If transaction records are changed without authorization, resulting effects may include payment disputes, processing errors, financial losses and diminished trust among businesses and their customers.
“Even small inconsistencies in critical financial data can create serious downstream problems,” Khudiaiev stressed.
Khudiaiev recently joined the TechFarms incubator. He has in mind an advanced cybersecurity solution that will provide for real-time verification within the transaction lifecycle.
“The technology I am employing uses cryptographic tokenization, independent verification services and secure messaging architecture to detect whether transaction records have been altered,” Khudiaiev said. “By validating transaction integrity at the database level, the system will help financial institutions and digital platforms identify suspicious changes early and reduce fraud exposure.”
Khudiaiev’s considerable experience includes work for four years as a chief technical officer leading engineering teams engaged in complex technical initiatives. At JPMorgan Chase, his contributions relate to large-scale financial infrastructure and enterprise systems.
