AllianceBlock’s New Roadmap Shows the Path to Bridge Traditional and Decentralized Finance Compliantly
AllianceBlock’s mission is to bridge the gap between centralized and decentralized finance (DeFi), while actively remedying issues in both industries. The long-term vision? To create the new financial infrastructure out of these two industries. In just a few years we’ve been able to actively deliver on that mission with real progress made across tech, business, partnerships and many more areas.
Starting in late 2018, we kicked off the journey of developing the future financial industry that’s accessible to all. What began as a decentralized funding platform has grown into a holistic approach to solving problems in DeFi and traditional finance with an interplay of cutting-edge products and solutions. These solutions are not only proof-of-concepts and marketing buzzwords. Our interoperability bridge, white-label liquidity mining and data tunnel are already extended to and used by first client projects, as well as major protocols in partnerships. This is just the beginning.
Today, we’re happy to announce the release of AllianceBlock’s new roadmap. This roadmap helps to encapsulate the great work that has been done in the past three years, including the majority of key events across product, business, partnerships and more. The roadmap is divided into historical eras to represent the acceleration of our development into the digital age and what the future holds for our project. In this blog post, we’ll round up some of the key highlights of things you can look forward to in 2021, 2022 and beyond.
An Ecosystem of Products Connecting the Best of Both Worlds from DeFi and Traditional Finance
Before we talk about what’s in the future, let’s circle back to our final mission statement. As a chain-agnostic blockchain project, we’re building the financial infrastructure of today and tomorrow with an interplay of products designed to accelerate and galvanize the DeFi industry, as well as improve the current state of the traditional financial industry. Since the very beginning of our work in the DeFi space, we have acted on problems that we’ve encountered and developed solutions that we are delivering with our product suite. To put it simply, we pride ourselves on the fact we are the first users of our own products.
We have developed these solutions into a comprehensive product suite that consists of three layers: the DeFi layer, the Data Layer and the Regulatory and Compliance Layer.
First, in the DeFi Layer we offer cross-chain interoperability with AllianceBlock Bridge, generate liquidity and volume with AllianceBlock LMaaS (Liquidity Mining as a Service) and AllianceBlock DEX, access to a peer-to-peer funding protocol with AllianceBlock Fundrs, as well as have a comprehensive dashboard of data analytics and information for use in DeFi strategizing with the AllianceBlock Terminal.
Second, in the Data Layer, we help DeFi projects and traditional finance players to monetize and leverage the massive amounts of data they produce with the AllianceBlock Data Tunnel. As well as, have access to a one-stop-shop Enterprise-grade data API that aggregates DeFi and traditional financial data aggregators into one API coupled with the DataQuasar*.
Third, in the Regulatory and Compliance Layer, we enable DeFi projects, protocols and DEXes to introduce scalable compliance frameworks that help them grow with regulation and open doors to institutional players to participate into DeFi with AllianceBlock TIDV (Trustless IDentity Verification) and the AllianceBlock Cross-Border Regulatory Compliance Rules Engine.
A Range of Products Already Out and Used By Major Protocols
Within those three layers, we have a range of products that are already used by top players in the DeFi industry. These include AllianceBlock Bridge, Data Tunnel (in MVP) and Liquidity Mining as a Service (LMaaS), which are being extended to major ecosystems including Ethereum, Binance Smart Chain, Avalanche, Polygon, Elrond with even more to come.
Major DeFi Product Releases Scheduled for 2021 and 2022
At the same time, with the publishing of the roadmap, we’re announcing new products that will build on our mission to address real challenges both in the DeFi and traditional finance space. Below you’ll find a breakdown of our upcoming products.
AllianceBlock DEX, AllianceBlock’s own decentralized exchange (DEX) is scheduled for Q4 2021. It is designed to drastically optimize impermanent loss for liquidity providers. It will also allow for cross-chain swaps and trading when integrated with our AllianceBlock Bridge.
The MVP of AllianceBlock Fundrs is scheduled for Q4 2021. It will provide a decentralized peer-to-peer infrastructure that will enable participation, lending, and borrowing in the DeFi space. It will allow blockchain-based “Seeker” projects, traditional startups and banks/institutions to receive funding from the platform’s users as well as from other P2P lenders, or lending and protocols that have integrated with AllianceBlock’s protocol.
AllianceBlock TIDV (Trustless IDentity Verification) is scheduled for Q4 2021. It will be a decentralized user verification framework that will be implemented into a variety of AllianceBlock’s products such as LMaaS and the Data Tunnel and will be extended to the protocols of our partner ecosystems. Users will always want to be in control of their data and can choose to give- or revoke access to their identity and have the ability to monetize it.
The AllianceBlock DataQuasar* is scheduled for Q4 2021. It is our enterprise-grade data API that aggregates data from the DeFi industry and connects it to our traditional finance clients including hedge funds, private banks, wealth managers, and asset managers.
The AllianceBlock Data Tunnel, “The Netflix of Data”, is scheduled for Q4 2021. It will make DeFi data accessible to all AllianceBlock’s partners, clients, and open-source projects, through a monetized marketplace, while ensuring traceability, transparency, and trust. Data providers and consumers will benefit from increased access to one another, driven through a secure and easy-to-use solution for both DeFi and TradFi users.
AllianceBlock Cross-Border Regulatory Compliance Rules is scheduled for release early in Q1 2022, will ensure automated validation of transactions and their compliance with applicable regulations. Trusted legal entities will be able to add and amend the transaction-governing logic after consensus has been reached to ensure consonance with regulation.
AllianceBlock Terminal is scheduled for Q1 2022. It will be “The Bloomberg terminal of DeFi”. Retail and institutional users will have access to DeFi data, strategies, analytics, derivatives, indices and certificates, as well as build their own strategies. Later on, the AllianceBlock Terminal will give access to traditional financial data, derivatives, certificates, and indices straight from the source. With DataQuasar integration, the Terminal will provide analytics and machine learning in order to build custom DeFi strategies.
AllianceBlock Protocol, scheduled for Q3 2022, fully integrates AllianceBlock Bridge, AllianceBlock DEX, AllianceBlock Trustless IDentity Verification (TIDV), AllianceBlock Cross-Border Regulatory Compliance Rules Engine, and AllianceBlock Fundrs. The protocol can be used standalone or on top of legacy financial systems. It is the fullest realisation of the mission we had when AllianceBlock was started.
These products are the building blocks of the new generation of financial infrastructure in pursuit of the mission to bridge the gap between centralized and decentralized finance in the future — products that we are building today at AllianceBlock. Through each of these individual solutions, as well as their collective interplay, we aim to accelerate the growth of DeFi, while at the same time inviting vast capital flows from traditional financial players via a compliant gateway into our exciting industry.
Have any questions about the roadmap? Join the conversation on our Telegram.
* DataQuasar is a product built by Devraaj, a technology and professional services provider leveraging AllianceBlock ‘s open-source decentralized technology.
About AllianceBlock
AllianceBlock is bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi), by remedying issues that exist in both spheres and linking them more closely together. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
Building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to seamlessly access the DeFi space.
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