The following are the requirements and step by step process of how to bridge tokens into the Partisia Blockchain network.
Remember that in the Partisia Blockchain, other liquid tokens are used to pay for gas. To transact in the network, you need to bridge the supported tokens first.
For more detailed description of the steps, please review further below or watch the video:
Step 1: Go to https://browser.partisiablockchain.com and sign in using your MPC wallet
Step 2: After you sign in, choose “My account” on the left side and then choose BYOC
Step 3: Choose the token you wish to bridge and select Deposit (or withdraw to withdraw your tokens) Then sign into Metamask
Step 4: Enter the amount you wish to bridge and click on “Deposit”
Step 5: Sign the transaction in metamask and complete the transfer
If you run into any issues, please request for help in our community channels or submit a ticket in Discord.
Thank you for being a part of our community!
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ZUG, 8 NOVEMBER 2023. Partisia Blockchain, a trailblazer in the world of blockchain technology, has embarked on a transformative rebranding journey, fortifying its visual identity, logo and refreshing its website. This strategic initiative, a collaborative endeavor with the renowned Irish creative studio Big+Bold, was undertaken to solidify Partisia Blockchain for its upcoming launch and the establishment of pivotal partnerships, marking a seismic shift in the demand of blockchain technology for enterprise, institutions, and government entities.
The meticulous brand reappraisal has positioned Partisia Blockchain as the eminent destination for privacy-conscious organizations, poised to have a profound and enduring impact on the domains of enterprise blockchain and individual privacy.
The Partisia Blockchain website has undergone a transformation, signaling the imminent introduction of new features, the on-chain launch of projects, the diversification of our community, and a warm welcome to institutional users who are preparing to embrace the blockchain.
In an era of groundbreaking computational concepts, Partisia Blockchain’s new logo reaffirms our commitment to people-centric innovation, emphasizing the human dimension in our technological pursuits. This visual symbol serves as a beacon, guiding our path toward building solutions that resonate with and empower individuals at the core of our mission.
Kurt Nielsen, President and Co-Founder of Partisia Blockchain, says:
“Our new logo is more than just an emblem. It is a statement of our unwavering dedication to human-centered innovation. In a world of intricate technological concepts, our logo reminds us that our ultimate goal is to serve and empower people through our cutting-edge solutions. It is a symbol that encapsulates our mission and values, embodying the profound connection between technology and humanity. The new logo not only reflects the evolution of Partisia Blockchain but also underlines our commitment to transparency, accessibility, and innovation, placing people at the forefront of our brand identity.”
This refreshed brand identity serves to reinforce Partisia Blockchain’s unique position as an organization that prioritizes real-world adoption through practical use cases, empowering value creation through the twin principles of privacy protection and transparency.
Bakyt Azimkanov, Head of Communications at Partisia Blockchain, says:
“Our collaboration with Big+Bold has been an endeavor of mutual benefit, culminating in a comprehensive brand reappraisal that positions us seamlessly for our upcoming expansion and the anticipated surge in adoption. The significance of branding cannot be overemphasized; it is the linchpin for driving value and attracting institutional players to our ecosystem. We believe that our reimagined brand positioning will resonate across a diverse spectrum of users seeking privacy solutions, including government and public sector entities, healthcare and pharmaceutical corporations, financial services, and beyond.”
The refreshed visual identity not only underscores our unwavering dedication to our core mission but also reaffirms our commitment to establishing a Web3 infrastructure devoid of a single point of trust, enabling the secure use of both public and private information across all platforms. This unparalleled capability is fortified by our groundbreaking multiparty computation (MPC), a technology offering unrivaled privacy protection, interoperability, and scalability.
David Nurse, Managing Director at Big+Bold, says:
“Partisia Blockchain’s unique solution for preserving privacy sets it apart in the world of Web3 organizations. As a fourth generation blockchain harnessing groundbreaking secure multiparty computation (MPC) technology, the brand must effectively communicate its exceptional features, including innovation, interoperability, and scalability. Our overarching goal was to future proof Partisia Blockchain’s brand, ensuring it aligns seamlessly with its core mission and is fully equipped to lead the way into the future.”
Partisia Blockchain extends an open invitation to developers, enterprise users, and the broader community to explore our expanding ecosystem and experience firsthand the transformative potential of MPC technology.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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As the year is slowly approaching its end, the Partisia Blockchain team met in Aarhus, Denmark, to take stock and laser focus near-term plans. Throughout a week-long strategy meeting in the heart of Jutland, key actions were identified for the last quarter of this year and the first three months of 2024. With many plans in sight, the next three months promise to be busy.
As progress in the year continues, Partisia Blockchain is thrilled to introduce some new faces to our team, which promises exciting changes in October and November 2023.
We are delighted to introduce Shirly Valge as our new Head of External Relations and Partnerships. With an impressive background that includes a significant role at Velas Network, Shirly brings a wealth of experience and expertise to our team. Her primary focus will be on strengthening our partnership network, elevating our industry presence, and nurturing strategic alliances. This appointment underscores our ongoing commitment to leadership excellence and talent acquisition.
Say hello to Mathias Glintborg, who now heads our Technical Program Management as the Senior Technical Program Manager. Mathias, formerly the CTO at canow in Tokyo, comes with a proven track record of shaping innovative blockchain solutions. His responsibilities encompass overseeing secure multiparty computation (MPC) and enhancing blockchain solutions for areas like DeFi, data sharing, and digital identity. He also offers valuable insights on design and architecture to our development teams. Mathias plays a pivotal role in ensuring efficient project planning and execution.
As we look ahead, November promises more remarkable additions to our team and exciting community initiatives. The journey of Partisia Blockchain is ever-evolving, so stay tuned!
Let’s dive into a whirlwind of exciting events that took place this month:
Our journey started at CV Summit in Zug, Switzerland, which offered a unique networking experience. This event, different from the others we have attended, saw participation from well-established organizations. It was a testament to the industry’s maturity as we witnessed a shift from asset-driven ecosystems to real-world problem-solving. As partners of CV Labs, we secured a booth and connected with potential leads in supply chain, DAOs, and NFT-based property deeds management.
Heading south to EthMilan in Lombardy, Bruce Ahn our Head of Developer Relations participated in the first major Web3 conference and joined a panel discussion on DAOs. This felt like a great Web3 conference, highlighting ZK, DAOs, DeFi projects, and the importance of privacy. It was enlightening to witness the maturation of DAOs and explore the need for privacy in the space.
Our new Head of External Relations and Partnerships, Shirly Valge, excelled on a panel discussing institutional Web3 adoption. She shared valuable insights on how large financial institutions can embrace blockchain-based technology.
Sponsored by Partisia Blockchain, the Web3 MeshMeet event in Dubai was an opportunity to connect with industry leaders and foster crypto partnerships. Thanks to all the sponsors and those who joined us!
Chief Product Officer, Mark Bundgaard, and VP of Engineering, Jesper Gravgaard, had a fantastic meetup with the Cardano community in Japan. They were excited to discuss the ADA token bridge, MPC, and Partisia Blockchain’s future.
Mathias Glintborg attended the European Blockchain Convention in Barcelona, a celebration of Web3 innovation. It was heartening to see industry experts appreciating our contributions to privacy-enhancing technologies and blockchain infrastructure. The convention featured enlightening talks on topics such as privacy, secure infrastructure, Real World Assets (RWA), digital identity, ESG (Environmental, Social, and Governance) principles, and interoperability.
We held another successful Quarterly AMA on 9 October 2023. The leadership team discussed the latest developments and shared exclusive insights including details on our Metamask integration. Catch the replay of our Quarterly AMA on our YouTube channel and stay tuned on our channels for the next one!
Our first dApp is launching soon on Partisia Blockchain! Blockchain Ads is the first dApp to launch on mainnet in Partisia Blockchain. Click here to learn more about them and in the coming weeks we will provide more information on how to get onboarded and be rewarded for your data.
We are also participating in multiple events this month! From Cardano Summit in Dubai to PET Summit in Singapore to our online hackathon, which will be launched with DevPost, we have a packed schedule coming up in November. There is more in store so keep up to date with announcements in our social channels.
On the project front, we announced DelNorte that is working with multiple governments in Latin America and is now building on Partisia Blockchain. Learn more about them here on our Medium article and a video interview with the founder
The month of November is an important date for Partisia Blockchain Ambassadors. After meeting all the necessary regulatory requirements, the Partisia Blockchain Foundation is now able to distribute rewards to Ambassadors for their contributions to the advancement of our mission.
A lot of foundational groundwork has also been executed that will position the Partisia Blockchain’s Ambassador Program as the most advanced in its class.
The Ambassador Program, while technically still in the private alpha stage, is intended to transition to a public beta around Q2 2024. Stay tuned for more updates.
This month
Next month
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The European Blockchain Convention, held in Barcelona on 25-26 October 2023, was a celebration of Web3 innovation, attracting passionate individuals and organizations eager to shape the digital future. As an attendee, I had the pleasure of meeting numerous Web3 projects and industry experts who expressed genuine enthusiasm about Partisia Blockchain’s revolutionary applications of secure multiparty computation technology (MPC) and hybrid blockchains.
It was heartening to see how they not only appreciated our contributions to privacy-enhancing technologies and blockchain infrastructure but also wanted to continue the conversation, with the aim of becoming builders within our ecosystem.
The convention served as a testament to the collaborative spirit and shared vision of creating a more decentralized, user-centric digital world. Over these two days, attendees were treated to enlightening talks from some of the industry’s finest minds and exposed to game-changing topics such as privacy, secure infrastructure, Real World Assets (RWA), digital identity, ESG (Environmental, Social, and Governance) principles, and interoperability. In this recap, we will delve into the highlights of this groundbreaking convention and the key takeaways that promise to shape the future of Web3.
Privacy has always been a concern in the digital age, and the Web3 movement is no exception. At the European Blockchain Convention, it became clear that privacy is a fundamental pillar of the Web3 ecosystem. Discussions revolved around how blockchain technology and state-of-the-art cryptography such as MPC and fully homomorphic encryption (FHE) can offer users and businesses greater control over their data, preserve privacy and comply with regulations, while still being able to compute on it. Solutions that ensure data sovereignty while enabling secure and private computation were showcased, setting the stage for a future where privacy is not compromised for convenience.
Web3 is all about decentralization and putting control back in the hands of users. Building secure infrastructure is essential to achieving this goal. The convention brought together a diverse group of experts, infrastructure builders, and enterprises dedicated to creating scalable and decentralized networks with high performance and interpretability to other ecosystems. The discussions highlighted the vital role of infrastructure in the success of Web3 projects and the importance of continuous innovation in this field.
Web3’s potential goes far beyond digital currencies and non-fungible tokens. Real World Assets (RWA) are making their presence known, bridging the gap between the physical and digital worlds. Several projects showcased at the convention are pioneering solutions that enable the representation and transfer of real-world assets on blockchain networks. This innovation is set to revolutionize industries such as real estate, finance, and supply chain management by tokenizing assets and unlocking new opportunities for global trade and investment.
Digital identity is at the core of Web3’s promise to empower individuals in the digital space. Convention attendees learned how blockchain technology is redefining digital identity, putting users in control of their personal information. Projects focused on self-sovereign identity and decentralized identity management solutions are emerging as key players in the Web3 ecosystem. The discussions at the event explored the importance of identity ownership, the elimination of central authorities, and the protection of user data. Several identity projects showed great interest in the prospect of Partisia Blockchain’s MPC technology that can enhance digital identity with self-sovereign storage and private computation.
A significant addition to the conversations at the convention was the integration of ESG principles into Web3 technologies. Environmental, Social, and Governance factors are increasingly seen as essential components of sustainable and responsible business practices. Many Web3 projects and enterprises are actively incorporating ESG considerations into their strategies. This commitment to sustainability and ethical governance aligns with the broader global movement towards a more environmentally friendly, equitable, and responsible future.
One groundbreaking topic that garnered significant attention was the tokenization of carbon credits. Several Web3 projects are pioneering the digitization of carbon credits, which allows for more accessible and efficient trading and tracking of carbon emissions. By incorporating blockchain technology, Web3 is poised to revolutionize the way we combat climate change. This innovative approach facilitates transparency in carbon trading, encourages environmental responsibility, and furthers the cause of reducing carbon footprints.
Interoperability emerged as a pivotal theme at the convention, underscoring the need for different blockchain networks and Web3 projects to work seamlessly together. The Web3 ecosystem thrives when disparate platforms can communicate and transact with one another. Projects showcased solutions for cross-chain interoperability, allowing assets and data to flow freely between different blockchains. This interconnected Web3 infrastructure promises to unlock new levels of innovation and efficiency by fostering collaboration across the ecosystem.
The European Blockchain Convention in Barcelona was a testament to the growing momentum of the Web3 movement. With a keen focus on privacy, secure infrastructure, Real World Assets (RWA), digital identity, ESG principles, and interoperability, the event provided a snapshot of the innovations and solutions that are shaping the future of Web3.
As we move forward, these discussions and projects will continue to play a pivotal role in building a decentralized, user-centric digital world that addresses the challenges of today and paves the way for a brighter tomorrow. We were honored to witness the strong interest in Partisia Blockchain’s MPC technology and the desire of many projects to join our ecosystem, and we look forward to forging new alliances and innovations in the Web3 landscape.
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Guest blog from Anton Glotser, CEO of DelNorte
DelNorte is digitizing, tokenizing and monetizing bureaucratic processes. In governments and corporations bureaucracy is often time consuming, cumbersome and in the worst cases prone to corruption. Many governments and some corporations are still using the millenia-old method of pen and paper for bureaucratic processes. Our partnership with Partisia will help us modernize that process.
DelNorte solves the problem of security, transparency, frequency, efficiency, scalability, fidelity and friction. By converting physical documents to digital and storing them on the blockchain we solve about 95% of the problems associated with traditional paperwork. Not only does this greatly improve quality and security of the data, but our solution provides an unfathomable amount of ancillary benefits. Having guaranteed and secure real time data associated with physical assets, such as real estate deeds on the blockchain, makes the assets represented by these smart tokens significantly more valuable.
Working with Partisia Blockchain offers several notable benefits both for us and our clients. Partisia Blockchain utilizes cutting-edge cryptographic techniques like secure multiparty computation (MPC) to ensure that sensitive data remains confidential even while being processed on the blockchain. It addresses scalability challenges by enabling efficient computation and data processing. As we occasionally get requests for a variety of blockchains, Partisia accommodates us with their interoperability across blockchains and systems. Also dealing with governments security is a top priority for us. Partisia utilizes advanced cryptographic techniques to protect data and transactions. The last important point is our ability with Partisia to mold a variety of regulations and customization to specific use cases and business requirements.
We have contracts for pilot projects in El Salvador, Mexico and Honduras. Our most advanced and tested project is in El Salvador. There we have live transactions and are now expanding to other services like digital signatures stored on chain, and a national expansion for tokenized deeds and titles.
We also have a product called Kasas.io, it is a real estate search engine and marketplace that allows anyone to buy, sell, rent or invest in whole property or fractions of real estate remotely and completely legally in all of Latin America. In the places where we have a direct link to the government we can even perform 100% digital remote real estate transactions for purchase or sale, with digital NFT deeds and titles issued virtually on chain and recognized by the government as official. You can hop on a plane and buy a house mid-flight, and by the time you land in that country (El Salvador at the moment), you will already own the house.
DelNorte stock is registered and we are currently raising US$2 million for 20% of the company to fuel our national and international growth. We are in the process of expanding to about a dozen countries in Latin America but also into parts of the USA. We are expanding our tech stack and our private sector operations for automated real estate transactions. If you are interested in learning more about us or investing, please check us out on all social media at https://delnorte.io or for questions about investment email us at ag@delnorte.io
ZUG, 24 OCTOBER 2023. Partisia Blockchain appoints Mathias Glintborg as Senior Technical Program Manager. In this key post, Mathias will spearhead the oversight and coordination of adoption activities, with a primary focus on secure multiparty computation (MPC) and blockchain solutions for DeFi, data sharing, digital identity and more. His responsibilities also extend to providing advice on design and architecture to the builders on our chain.
Mathias brings a wealth of experience in the blockchain industry to his new role. Before joining Partisia Blockchain, he served as the Chief Technology Officer at canow in Tokyo. His contributions in his previous job were instrumental in defining the feasible technical scope, assembling tech teams, designing architecture and delivering cutting-edge blockchain infrastructure and associated services and products. Additionally, he founded and operated his consulting company in Shanghai, specializing in artificial intelligence (AI) and blockchain solutions, and collaborated with notable clients, such as Chiheal Biomed and OpenOcean.
In his current capacity, Mathias oversees the effective planning, execution, monitoring, and delivery of multiple adoption projects. His role is crucial in collaboration among cross-functional teams, ensuring seamless and efficient execution of activities, and maintaining project alignment for successful realization of goals. Mathias is tasked with establishing a robust KPI framework for project management, diligently tracking activities and progress across each project to guarantee their successful delivery. Furthermore, he manages adoption projects from inception to implementation, providing post-implementation support for sustained success.
Peter Frandsen, Chief Technology Officer at Partisia Blockchain, says: “With Mathias taking the reins of our technical program management, I have great expectations for Partisia Blockchain’s future. His impressive background in blockchain, coupled with his leadership acumen, promises to drive innovation and excellence. Mathias’s rich global experience uniquely situates him as a bridge connecting diverse markets and cultures. Together, we are poised to not only meet our objectives but also establish pioneering industry benchmarks, significantly influencing the trajectory of blockchain technology.”
Mathias spent nearly a decade in Asia, namely China and Japan, before joining Partisia Blockchain. His career included both technical and commercial roles, engaging with cutting-edge technologies, such as AI and blockchain, for various startups and enterprises. His distinctive experience at the intersection of business and technology uniquely qualifies him as a valuable asset in Partisia Blockchain’s adoption strategy. His expertise aligns with the organization’s vision, where individuals who can bridge the gap between business and technology drive projects to mainnet implementations, resulting in tangible achievements for Partisia Blockchain.
Mathias holds a Bachelor’s degree in Engineering from the Aarhus University (Denmark) and a Master’s degree in International Business from the Hult International Business School (USA and China). Hailing from Denmark, he also boasts credentials in big data, analytics, data science, AI.
Partisia Blockchain is excited to have Mathias Glintborg as Senior Technical Program Manager and looks forward to his contributions to our continued growth and success. His appointment marks a notable milestone in our journey toward achieving ambitious goals and sustaining our position as a frontrunner in the blockchain industry.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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Abstract: This blog presents a fully documented framework for DeFi solutions, such as “Automated Market Makers” (AMMs), on a highly scalable blockchain like the Partisia Blockchain. The framework guarantees fixed prices across independent liquidity pools and effectively addresses front-running with MPC.
Financial inclusion is at the heart of the original narrative that formed the beginning of blockchain and later Decentralized Finance (DeFi). The global financial crisis in and around 2008 revealed several weaknesses in traditional financial systems. The global financial crisis was part of the motivation behind the Bitcoin protocol creation. Although the challenges behind the global financial crisis were more significant than what immutable money could fix, it initiated and accelerated innovations that improved traditional finance and pushed to new horizons.
The very same crisis inspired the origin of Partisia. However, innovation was a different type of decentralized cryptography that was also designed to remove intermediates, which manage private information, such as sealed bids in financial markets. The initial work by Partisia was the world’s first Decentralized Exchange (DEX) with sealed bidding which went into commercial use in 2008.
The Partisia Blockchain established in 2020, is a combination and extension of these two narratives and provides a powerful encrypted computation network and tool set to continue fixing weaknesses in both Decentralized Finance (DeFi) and Centralized Finance (CeFi), as exemplified by the solution described in this blog.
DeFi is an important part of Web 3.0 and provides solutions that may most likely drive and enhance financial inclusion. This blog focuses on so-called Automated Market Makers (AMM) as a simple and decentralized way to exchange crypto assets. The core innovation behind AMMs is to conduct trading without direct interaction and matching of buyers or sellers of crypto assets. This significantly reduces the complexity of the market solution. Since the entire AMM solution is a set of smart contracts, the security model was also significantly improved as a genuinely decentralized trading platform.
Ethereum has been the most used blockchain platform for AMM solutions. And token bridges–as well as second layer blockchains–have broadened the uptake to other blockchain networks. Recent developments take this development one step further and run AMMs across independent blockchain platforms, i.e. cross-chain DeFi. This poses a set of new obstacles, such as the challenge of representing states (data and tokens) across independent blockchain platforms.
Another challenge preventing a simple copy-paste of the Ethereum model to sharded or cross-chain blockchains is the economics instilled into the Ethereum execution model. This is primarily the arbitrage opportunity coming from the “all or nothing” execution (atomic execution), as well as the sequential use of the entire AMM solution (one user at a time). With Uniswap (one of the most applied AMMs) for example, a user can swap asset A to asset B, and then swap asset B to asset C, and then potentially swap asset C back to asset A without other users interfering. Sometimes this set of swaps returns profit to the user. This type of arbitrage essentially for free since the public ledger allows anyone to constantly monitor the AMM solution. This is, however, only feasible due to the atomic execution and sequential use of the AMM solution, and cannot be transferred to a sharded blockchain or to cross-chain AMM solutions without additional economic mechanisms.
The Partisia Blockchain team has jointly worked with researchers specializing in AMMs and economic mechanism design. And together developed a mechanism which guarantees fixed prices as well as the “multi-swap” arbitrage opportunities described above. The key component is a “lock-swap” mechanism that guarantees a user fixed prices for a given swap. The mechanism only locks the actual requested trade and allows other users to use all liquidity pools without the non-scalable sequential use of the entire AMM solution as we know it from Ethereum.
The mechanism essentially works as follows: every pool keeps track of two pools, the “actual liquidity pool”, and a “virtual liquidity pool”. The actual liquidity pool keeps track of all the instant swaps, i.e. those that are actually executed. The virtual pool keeps track of the lock swaps, since such swaps might be canceled later on. Hence, by submitting a lock-swap the user secures fixed prices by the lock-swap function, which only affects the virtual liquidity pool. For any user after the lock-swap, the protocol ensures the smallest amount of assets across the actual liquidity pool and the virtual liquidity pool. Hereby, the mechanism favors first movers that fixed prices using the lock-swap function. Unlike the Ethereum sequential use, the lock-swap minimizes the impact on the entire AMM solution so assets can be exchanged in parallel and across independent blockchains and shards. And also in liquidity pools with one or more lock-swaps. Read more about the mechanism here.
In other words, the mechanism ensures the liquidity managed by the AMM solution is put to maximal use in two ways:
The mechanism is designed to fully utilize sharding where transactions are automatically off-loaded across different shards in an ideal way that favors unlimited parallelization, i.e. asynchronous and concurrent execution. This type of sharding is native to the Partisia Blockchain and will be instrumental in ensuring unlimited parallelization needed to match the demand as decentralization flourish. Read more about the sharding model here.
Finally, note that since cross-chain AMMs are similar in nature, the proposed mechanism also supports use of liquidity pools operated on completely separated blockchains.
Another challenge and obstacle for a broad uptake of AMM solutions within and beyond the blockchain ecosystem is front-running. On Ethereum and similar blockchain platforms, the AMM transactions are transparent to all, but added to the blockchain consensus model by one or more actors, such as “mempool operators” or “block producers”. The problem is that these actors can delay and place their own AMM valuable transaction, i.e. front-running.
Front-running is a critical problem that needs to be solved for the sake of the users, but also a problem that is critical for the DeFi narrative as a “single point of trust” failure. Fortunately, the advanced encrypted computation that is built-in to Partisia Blockchain provides a decentralized solution, which points back to the original work by Partisia and the first commercial use of MultiParty Computation (MPC) for safeguarding sealed bids.
However, as a big contrast to the first commercial use of MPC, Partisia Blockchain provides a simple interface that allows any developers (without cryptographic skills) to script the required computation and leave it to the network to compile and run the encrypted computations. The concrete solution is an encrypted computation which keeps the actual swap secret until it is fully executed. Hereby, the arbitrage opportunity from frontrunning is effectively addressed.
Ensuring that DeFi solutions comply with the jurisdictional regulation is, of course, an obligation for any DeFi service provider. It may also soon be a competitive advantage and a requirement for expanding the use of DeFi solutions outside of blockchain.
While financial fraud regulations, such as KYC and AML, are obvious, matters that are addressed in this blog may become essential regulatory requirements as well:
Although future regulatory requirements are unknown, building a blockchain network that is sufficiently flexible to quickly adjust to regulatory requirements may be crucial. For DeFi service providers that aim at offering DeFi solutions outside of the blockchain ecosystem and in direct competition with traditional financial solutions, regulatory requirements will be instrumental.
For DeFi teams considering to build the next generation of scalable DeFi solutions on Partisia Blockchain, please find links to the scientific work, description, and template smart contracts below: