AllianceBlock announces Decentralized Capital Market on Edgeware with unique Defi-NFT Approach
AllianceBlock is excited to announce a new partnership with Edgeware, the smart contract chain designed for the next generation of decentralized applications.
The first fruits of the partnership will see the two work on the creation of a P2P funding platform that will make it possible for SMEs and high networth individuals to leverage NFTs for loans. The partnership will also help AllianceBlock to build a new financial infrastructure that makes use of Edgeware’s large development community, innovative technology, treasury and facilities for DAOs.
Amongst other things, Edgeware makes it possible to link DAOs to established corporate structures, bridging digital and physical entities together. This process fits with AllianceBlock’s wider aim of creating a protocol that will bridge DeFi and traditional finance (TradFi).
AllianceBlock will use Edgeware’s ink!, the rust-based embedded domain-specific language (eDSL) for writing smart contracts. This partnership will help AllianceBlock to leverage new processes to further develop the bridge between DeFi and TradFi, and create a secure and regulatory compliant gateway for billions of dollars present in both sectors.
AllianceBlock is a chain-agnostic protocol that provides its products on, amongst others, Ethereum and Polkadot. This next partnership with Edgeware marks the natural progression for AllianceBlock, whose emphasis on global compliance fits well with Edgeware’s commitment to on-chain governance.
The thriving ecosystem of developers building on Edgeware’s platform will provide a new network of potential collaborators for the AllianceBlock protocol.
Rachid Ajaja, CEO and Founder of AllianceBlock said,
“Edgeware’s vision of building a community owned, decentralized platform with a focus on on-chain governance is perfectly in line with our own. At AllianceBlock we are seeking to build a new financial infrastructure that takes advantage of innovative technology, and Edgeware’s bridging of digital and physical entities amongst many other things, is an important part of our wider aims of linking DeFi with traditional finance. We are excited to be integrating our products into Edgeware, and look forward to collaborating further moving forward.”
About Edgeware
Edgeware is a platform for the next generation of decentralised applications. On Edgeware, Ethereum developers can deploy Solidity/EVM smart contracts with few or no changes, while new developers can get started with Rust and WebAssembly. Builders and organisers can find a place in one of Edgeware’s many collectives funded by the on-chain treasury to expand the network and explore new ideas. The treasury and chain are governed by a fairly-launched, widely-distributed set of stakeholders established during the lockdrop, one of the largest Ethereum token generation events in 2018.
About AllianceBlock
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralised, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.
Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
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