We maintain robust connections with the blockchain and distributed ledger sectors, primarily concentrating on the Internet of Value and NFTs. Through our unique commitment, we closely monitor several endorsed third-party initiatives, which we reveal in this context.
At present, we extend our backing to these select third-party endeavors:
Interledger: Interledger is a protocol for connecting different blockchains. The objective of Interledger is to foster seamless interaction between separate blockchain networks, allowing the smooth exchange of digital assets. Interledger can handle transactions across any payment network – from digital ledgers to traditional financial systems, and everything in between. Interledger is open-source and decentralized, making it accessible to all.
Hyperledger: Developed by the Linux Foundation, Hyperledger is an open-source collaborative effort created to advance cross-industry blockchain technologies. It brings together a global collaborative network of leaders in finance, banking, IoT, supply chain, manufacturing, and technology. Hyperledger offers a suite of frameworks and tools designed to help developers build robust, industry-specific applications, platforms, and hardware systems to support business transactions.
InterPlanetary File System (IPFS): IPFS is a protocol designed to create a permanent and decentralized method of storing and sharing digital content. IPFS makes the web faster, safer, and more open, by addressing and linking data in distributed systems. It is a unique approach to data storage and integrity, which could be the future of the decentralized web.
XRPL (XRP Ledger): The XRP Ledger is a decentralized, open-source blockchain technology that provides significant benefits for banks such as improved service, lower costs, and better speed. It offers a more efficient way for financial institutions to facilitate cross-border payments using its native digital asset, XRP. XRPL also offers a built-in decentralized exchange, allowing for efficient and seamless token swaps.
Polkadot: Polkadot is a multi-chain platform that allows different blockchains to interoperate in a shared security model. Polkadot is distinctive for its ability to process transactions on multiple parachains in parallel, making it highly scalable. It aims to solve the issues of scalability, security, and interoperability faced by many blockchain-based systems.
Cardano: Cardano is a blockchain platform for smart contracts, similar to Ethereum but with a focus on security, scalability, and sustainability. The platform uses a distinctive two-layer architecture for flexibility and separates the ledger of account values from the reason why values are moved from one account to the other. Cardano is also the first blockchain platform to be evolved out of a scientific philosophy and a research-first driven approach.
We believe these projects are spearheading the drive towards a decentralized future, each offering unique solutions to the current challenges facing the world of blockchain and distributed ledger technology. We are excited to contribute and play our part in their journey.