Hedgy is a smart contract platform built on top of the bitcoin block chain. The company's first product is a commercial hedging tool used to eliminate bitcoin volatility. The BITLock smart contract for over-the-counter (OTC) derivatives on the blockchain. It is designed to reduce the risks of price volatility and counterparty risk using multisig technology and the oracle method to allow commercial traders to independently create, enforce and physically settle OTC forward contracts.