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
Trust, the cornerstone of any relationship, holds profound significance in our interconnected world. Whether it be interpersonal, inter-corporate, or even between governments, trust is the linchpin upon which successful relationships are built. Partisia Blockchain, in its essence, is a catalyst for redefining trust in the digital realm.
“The art of enabling trust within an inherently untrusting environment.”
But how does Partisia Blockchain achieve this monumental feat?
The importance of trust is a concept we can all readily grasp. Yet, the question arises – what facilitates trust among entities? A critical factor in this equation is privacy. Trust cannot manifest in a realm of complete anonymity. However, it also cannot thrive in a domain of absolute transparency. The sweet spot lies in a harmonious blend of both, where transparency and privacy coexist to cultivate trust.
Consider a simple scenario: applying for a credit card. A bank, to grant you this privilege, requires crucial information about you – your identity, income, contact details, and credit history. These details are essential for the bank to extend its trust in you. However, if you knew that these details would be made public, including your transaction history, your willingness to apply for that credit card would understandably wane.
Upon closer examination, it becomes clear that privacy is the very bedrock upon which trust is constructed.
In our credit card example, you enter a trusted environment where you bestow your trust upon the credit card company to safeguard your personal data. The company is, of course, bound by its business model to keep the sanctity of this trust. However, there is an underlying vulnerability here – data breaches, unauthorized sales, or inadvertent data exposure. These are potential avenues through which your trust can be shattered. In such cases, you are placing trust in the environment.
On the other hand, a trustless environment requires no implicit trust in any single entity but still manages to perform necessary functions seamlessly. Enter the decentralized blockchain, a prime example of an environment where trust in an entity is unnecessary. Here, blocks are formed, and information is inscribed on the ledger without a single entity having dominion over the system. The laws of physics exemplify another trustless environment – they exist without needing trust because the system is transparent, having been measured and documented, and accessible to all for independent confirmation.
Partisia Blockchain ingeniously fuses these concepts to tackle the trust predicament. It enables two entities to work together within a trusted framework, devoid of any single entity’s control. The synergy of multiparty computation (MPC) and blockchain technology underpins this innovation.
MPC, a revolutionary technology, permits the computation of confidential data. It functions as an encryption technology, allowing input values to remain hidden while still computing answers. It empowers us to calculate the sum of 2 and 3 without revealing the original values. Envisaged in the late 1970s and officially introduced in 1988, MPC boasts an illustrious history, with over a thousand research papers and 15 years of practical implementation.
In parallel, blockchain, the other keystone of Partisia Blockchain, has been redefined to its very core. Through our distinctive BYOC tokenomics principles and an infinitely scalable architecture, we make trust in a trustless environment a reality for all – not just for those building on our platform.
By converging these two technologies, Partisia Blockchain democratizes trust within a trustless domain. This manifests as a wealth of opportunities: companies collaborating without exposing their confidential data, creating equitable, private, and accurate voting systems, returning control of data to users, and enabling monetization of data. In the heart of Partisia Blockchain’s mission lies the potential to revolutionize business models and unveil novel value propositions.
At Partisia Blockchain, our journey is guided by over 35 years of relentless dedication to encryption technology. Our Chief Cryptographer, Ivan Damgård, the mastermind behind the Merkle–Damgård Construct, which underpins renowned hash algorithms like MD5, SHA-1, and SHA-2. His groundbreaking work in the 1980s laid the foundation for secure multiparty computation (sMPC), and today, this profound expertise empowers us to champion the most advanced sMPC protocol globally.
Our mission is to redefine the very essence of trust, forging a fresh perspective on how data is employed. To bring this vision to life, we had to excel not only in sMPC but also reimagine the architecture of public blockchains.
Secure multiparty computation is an encryption marvel that permits data computation without revealing the underlying data itself. Imagine a sophisticated dance of algorithms that enables outcomes like auctions, data analysis, voting, surveys, and random number generation without divulging the precious data within.
The blockchain ecosystem grapples with two pressing challenges: interoperability and scalability. From an interoperability standpoint, every blockchain acts as a unique asset class, fueling a competitive zero-sum game mentality. Each Layer 1 blockchain claims supremacy, leading to a winner-takes-all narrative. Furthermore, users are bound to a specific blockchain, having to acquire and use that particular token as an entry ticket, reminiscent of an amusement park experience.
On the scalability front, the single-database nature of blockchains poses hurdles related to both scalability and transaction speed. Overloaded blockchains often suffer from delayed transaction confirmations and a lack of real-time efficiency.
To fulfill our visionary goals, we realized the need for a groundbreaking re-architecture of blockchain technology.
In an environment where blockchain networks resemble amusement parks, we introduce a paradigm shift. Rather than being confined to one park’s rides, our mission is to let anyone access our innovations, irrespective of their token holdings. We have engineered a system that embraces tokens with liquidity, allowing them to serve as transaction payments within our ecosystem. Our BYOC tokenomics foster a vibrant ecosystem where different token types can facilitate transactions, ensuring all users can harness our sMPC technology. Our native MPC token, in turn, bolsters our blockchain’s security, as node operators stake their tokens as collateral, safeguarding our network.
Traditional blockchains grapple with scalability issues, impeding real-time finalization and usability during high traffic. Partisia Blockchain confronts this challenge head-on by adopting a revolutionary approach. We have re-engineered the traditional method, enabling horizontal scaling and boasting a rapid .3-second finalization time in normal conditions. Our network comprises multiple blockchains, each autonomously producing blocks, creating an unparalleled scalability model. Moreover, our unique BFT consensus mechanism ensures “speed of light” finalization. For in-depth insights into this architecture, refer to our yellow paper.
These distinctive attributes empower you to craft pioneering solutions that revolve around trust. We extend an invitation to all those seeking to enhance trust and privacy within their applications. Reach out to us, and let’s explore unique solutions to your challenges. Together, we can reshape the digital landscape and usher in a new era of trust.