RYT.io is a Layer-1 blockchain platform company driving real-world innovation in finance, commerce, and digital infrastructure. By leveraging cutting-edge blockchain technology, RYT.io enables enterprises and developers to build scalable, secure, and decentralized applications, from payment solutions to supply chain tracking and beyond. Pulse 2.0 interviewed RYT.io co-founder and CEO Steve Durbin to learn more about the company.
Steve Durbin’s Background
What is Steve Durbin’s background? Durbin said:
“My background is rooted in traditional finance. I spent many years working in private equity, hedge funds, and investment banking. In these roles, I witnessed firsthand the limitations of conventional financial systems: inefficiencies, a lack of transparency, and restricted access for many potential participants. Over time, these experiences ignited a passion for exploring how emerging technologies could address these issues. I now focus my time on leveraging blockchain technology to build solutions that help improve the lives of people across the globe.”
Formation Of The Company
How did the idea for the company come together? Durbin shared:
“The idea for our company emerged from a deep frustration with the limitations of existing blockchain technologies. While blockchain holds tremendous promise, many platforms have been plagued by issues such as scalability, energy inefficiency, and centralization. Moreover, we observed a disturbing trend: numerous projects were driven by hype and aggressive marketing, often serving as little more than money grabs without offering real substance or addressing genuine challenges. Rather than contribute to this cycle, we set out to develop a platform that rethinks the core consensus mechanism. Our vision is to create a system that is not only more efficient and secure but also versatile enough to power a wide range of practical applications beyond traditional use cases.”
Favorite Memory
What has been your favorite memory connected to RYT so far? Durbin reflected:
“One of my favorite memories with RYT was the moment we first tested our new consensus mechanism. Seeing it perform exactly as we had theorized was both thrilling and affirming. That initial test, though a bit rough around the edges, proved that our innovative approach had real potential. It was a moment of validation, a clear indication that our bold vision for reimagining blockchain technology was on the right track. This breakthrough not only boosted our confidence but also marked the beginning of a journey filled with further refinement, iteration, and excitement as we worked to transform an experimental concept into a robust, real-world solution.”
Core Products
What are the company’s core products and features? Durbin explained:
“RYT is a layer‑1 blockchain platform that uses our proprietary consensus mechanism, Proof of Majority, which is designed to ensure industry leading security while maintaining high scalability, fast transaction speeds, and very low energy requirements. Because of these attributes, our platform can be applied to any application that requires reliable record keeping.”
“Whether it’s managing property transactions in real estate, securely storing medical records, powering decentralized finance (DeFi) solutions, or underpinning digital identity systems, RYT is built to track and record data with unprecedented accuracy and efficiency. This broad applicability, coupled with its superior performance metrics, sets RYT apart as a truly transformative blockchain solution for modern, data-driven applications.”
Challenges Faced
Have you faced any challenges in crypto, and how did you overcome those challenges? Durbin acknowledged:
“Developing a completely unique layer 1 blockchain pushed us to rethink everything from the ground up. We recognized that the traditional systems came with inherent limitations that couldn’t simply be patched or improved upon with incremental updates. To overcome these hurdles, our team embraced innovative design and out-of-the-box thinking. We started by deconstructing existing protocols to understand where they fell short and then built our system with a fresh perspective. This process involved rigorous research, multiple iterations of testing, and a willingness to explore unconventional approaches that could offer real-world improvements. By challenging the status quo, we were able to create a platform that addresses these core issues head-on.”
Evolution Of The Company’s Technology
How has the RYT’s technology evolved since its launch? Durbin noted:
“Our technology has evolved to enhance its speed, reliability, and security. Each iteration has made our platform more robust, ensuring it meets the demanding needs of modern data-intensive environments. But perhaps even more exciting is the evolution of the edge technologies that connect to our blockchain.”
“We’ve developed a suite of interfaces and protocols that enable a wide range of solutions to integrate seamlessly with RYT. Alongside these technical advancements, we are actively fostering a vibrant developer network, providing robust tools, resources, and support to empower innovators to build on our platform. This community-driven approach not only extends the functionality of RYT but also accelerates the creation of diverse, real-world applications that drive lasting impact.”
Significant Milestones
What are the RYT’s most significant milestones? Durbin cited:
“Our first significant milestone occurred when we successfully patented our Proof of Majority consensus mechanism. Other major milestones include establishing strategic partnerships with governments and institutional partners. These partnerships, which we will announce more details about in the coming months, validate our approach and pave the way for broader adoption, creating a pipeline of opportunities that truly differentiates us.”
Customer Success Stories
When asking Durbin about customer success stories, he highlighted:
“Although we’re still in the pilot phase, our upcoming project in one of the countries in South Asia offers a promising glimpse into the transformative impact of our technology. Traditional community savings programs in this country have long depended on manual record keeping and trust-based networks, which can be vulnerable to errors and fraud. Our blockchain solution is designed to address these challenges head-on by automating transaction records on an immutable ledger. This ensures that funds are disbursed accurately and transparently, thereby building trust among participants and reducing operational costs.”
Funding
When asking Durbin about the company’s revenue details, he revealed:
“We are currently in a pre‑revenue phase as we focus on piloting and refining our platform. Looking ahead, we plan to raise external capital to accelerate our growth and support a full‑scale market launch and we will provide additional details on this capital raising effort in the coming months.”
Differentiation From The Competition
What differentiates RYT from its competition? Durbin affirmed:
“RYT stands apart due to its holistic approach that marries technological innovation with practical, real-world experience. At the heart of our platform is the unique Proof of Majority (PoM) consensus mechanism, which offers a significant improvement over many existing blockchain systems.”
“Additionally, our team blends decades of traditional finance experience with deep technical expertise, which helps ensure our solutions are both practical and forward‑looking. This expertise has also equipped us with the regulatory savvy necessary to navigate complex environments and build enduring trust with government and institutional stakeholders, which in turn has led to a pipeline of partnerships unlike any other blockchain.”
Future Company Goals
What are some of the RYT’s future company goals? Durbin emphasized:
“Our goals center on expanding our platform’s global impact and strengthening our strategic partnerships. We plan to scale our technology to support such things as national digital currencies and digital identity solutions, and extending our reach into new markets and helping redefine financial infrastructures worldwide. By building deeper relationships with institutions, governments, and industry leaders, we aim to create a trusted network of collaborators that can drive adoption and foster long-term success.”
“In parallel, we are committed to fostering a vibrant developer ecosystem and ensuring continuous innovation. By open-sourcing key components and offering robust developer tools, we intend to empower a community of innovators to build on and enhance our platform. This collaborative approach, combined with our relentless focus on iterating our technology, ensures that RYT remains at the forefront of blockchain solutions.”
Future Goals
What are the next steps for RYT? Durbin concluded:
“Our immediate next steps are to roll out our pilot programs, and to further refine our Proof of Majority mechanism. In parallel, we are deepening strategic partnerships with government agencies and financial institutions to ensure that our technology not only meets current market needs but is also well positioned for broader adoption. Finally, we are preparing for our subsequent funding rounds to support global expansion and continued innovation.”
