Dutch company AllianceBlock announced the launch of a decentralized capital market on the Edgeware smart contract platform. It becomes the world’s first globally compliant decentralized capital market.
Edgeware is a blockchain ecosystem built on Substrate that is self-governed (community-owned), distributed, and self-sustainable.
In other words, this blockchain operates with on-chain governance and a collectively managed treasury. Edgeware blockchain enables users to fund the chain’s development, and teams to build projects.
The Edgeware blockchain is the oldest and one of the few mainnet Polkadot ecosystem smart contract platforms.
AllianceBlock and Edgeware Create New Solutions
It enables teams like AllianceBlock to fully test and deploy on a variety of development and mainnet Substrate chains. Edgeware’s value alignment and technical foundation make it possible to model and test best practices off the chain’s own governance.
The AllianceBlock Protocol being launched is a chain-agnostic and decentralized Layer 2 that connects traditional with decentralized finance and automates the process of converting any digital or crypto asset into a bankable product
The novelty about AllianceBlock’s protocol is that it brings unprecedented tools to the Substrate-based Wasm contract palette, including NFT contract standards, Defi and DAO primitives to their peer-to-peer market.
These tools allow optimal interoperation with the latest in digital organization and governance and their team’s background across both financial worlds, DeFi and traditional.
More Ways for DeFi to Grow
With this launch, AllianceBlock is aiming to further empower collectives and individuals to lend and fund across the network.
This new protocol will bridge DeFi and traditional finance (TradFi) to bring the benefits of both areas to each other, and create the first decentralized capital market.
AllianceBlock’s long term objective, is to become the bridge between traditional finance (TradFi) and…