Monadi — The Blockchain Validated Platform for Sustainability Data Management and Reporting for CSRD Compliance

Monadi — The Blockchain Validated Platform for Sustainability Data Management and Reporting for CSRD Compliance

Guest blog by Vilma Catani and Radu Pavel, Co-founders of Monadi.

Monadi is a platform for managing sustainability data and reporting in compliance with the Corporate Sustainability Reporting Directive (CSRD). This EU-imposed regulation mandates companies to disclose information regarding their Environmental, Social, and Governance (ESG) impacts. With the CSRD set to come into effect in 2024, approximately 50,000 companies in the European Union will be obligated to report their ESG data. Monadi aims to simplify and streamline this process while also leveraging the business opportunities it presents.

Sustainability reporting requires management of a vast amount of data, which is a complex task. Firstly, sustainability data is often scattered throughout various departments and external sources within an organisation. Monadi aims to consolidate all of this data into a unified platform. Secondly, the timeline for achieving sustainability goals can extend for several decades, even as far as 2050. We want to be the go-to solution for managing both short-term and long-term sustainability goals.

Monadi has chosen Partisia Blockchain to help ensure safe, credible, and transparent management of data, enabling comparable results across organisations. Leveraging systems like Multi Party Computing and Zero-Knowledge proofs, Partisia Blockchain offers solutions for data transparency, credibility, and encryption. Given the sensitivity of sustainability data, many companies are reluctant to share it. However, the highly secure solutions offered by Partisia Blockchain provide a game-changing approach for ensuring data protection and privacy.

The Minimum Viable Product (MVP) is expected to be released by the end of this summer, offering the public access to the first use case: “Male-female pay gap” which adheres to the European Sustainability Reporting Standards and utilises Partisia’s Multi Party Computing (MPC) capabilities to privately collect and calculate the pay gap data between genders within the organisations, which is then added on-chain. The platform also provides dashboards and other features to monitor progress and generate reports ready for CSRD reporting.

In summary, Monadi is an innovative platform for management and reporting of sustainability data for companies operating under the CSRD. By leveraging Partisia Blockchain’s technologies and ensuring data privacy, Monadi offers a solution that simplifies compliance and empowers organisations to progress towards their sustainability goals.

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Website and social channels coming soon…

May 2023 update

May 2023 update

A month of celebration and thriving ecosystem

May was packed with exciting updates and announcements in the Partisia Blockchain ecosystem. We showcased our groundbreaking Random Number Generation (RNG) solution, highlighted impressive projects building on our platform, and launched Parti.com, an innovative launchpad for creators. We extend our thanks to the node operators and community members who participated in voting and congratulate Professor Ivan Damgård for receiving the prestigious Dijkstra Prize.

We also had the privilege of participating in the Cardano EMURGO × DoraHacks Hackathon, where we showcased the potential of MPC technology. Join us as we explore the latest tech updates and advancements in the Partisia Blockchain ecosystem and beyond.

Partisia Blockchain ecosystem continues to grow

This month, we have had several exciting updates and announcements within the Partisia Blockchain ecosystem. Firstly, we showcased Partisia Blockchain’s groundbreaking Random Number Generation (RNG) solution, which utilizes MPC and smart contracts to ensure secure and unbiased random number generation. With this solution, developers can achieve a high level of security and trust by eliminating biases and predictability.

Partisia Blockchain has also shone a spotlight on its vibrant ecosystem, featuring an array of impressive projects that have chosen to build on our platform. Kin, the Web3 ad-free search engine, disrupts the market with its community-driven approach and commitment to privacy. Blockchain-Ads fills a significant gap, enabling Web3 brands to reach their target audience effectively. eTrusty tackles corruption and enhances transparency in the procurement market. Thousand Faces supports female founders through a reward-based crowdfunding platform, addressing the gender gap in funding. Additionally, MetaNames, a decentralized Domain Name System (DNS), allows users to create human-readable domain names linked to Partisia addresses, smart contracts, social profiles, and IPFS content.

This month also marked the launch of Parti.com, the Insights Network’s innovative launchpad built on the Partisia Blockchain. Parti.com empowers creators by providing Web3 technology and cryptocurrency transactions for content monetization. The platform offers unprecedented control over creative output while enabling creators to earn revenue through self-hosted cryptocurrency. With an inclusive and user-friendly design, Parti.com ensures complete ownership and control of funds, accessible through a straightforward account setup process via Discord or Twitter login.

Next month, we are excited to continue our focus on highlighting our innovative solutions and showcasing the diverse projects thriving within the Partisia Blockchain ecosystem.

We want to extend our thanks to all the dedicated node operators and passionate community members who actively participated in the voting process on the proposals presented by the Partisia Blockchain Foundation’s Council. Your unwavering support is invaluable in shaping the future of Partisia Blockchain. Check out the voting result here.

We also want to give our warmest congratulations to Professor Ivan Damgård, Chief Cryptographer at Partisia, for receiving the prestigious 2023 Edsger W. Dijkstra Prize in Distributed Computing for the groundbreaking paper “Multiparty Unconditionally Secure Protocols,” co-authored by David Chaum and Claude Crepeau. Congratulations to Professor Ivan and the team on this well-deserved honor!

MPC’s superiority and new projects choosing Partisia Blockchain

On 23 May 2023, we had the privilege to participate in the Cardano EMURGO × DoraHacks Hackathon, where Jesper Gravgaard, Partisia Blockchain Senior Manager, showcased the immense potential of MPC technology and how our blockchain-as-a-service can revolutionize the Cardano ecosystem. Jesper’s presentation highlighted the advantages of incorporating privacy into existing applications, emphasizing the benefits it brings. You can find the presentation on our YouTube Channel.

We are thrilled to witness the rapid growth of our ecosystem with the addition of new projects building on Partisia Blockchain. Our partners, including Ballotboxx and veric-io, have been making significant progress to contribute to the expansion of our chain. Stay tuned for more exciting ecosystem spotlights in the upcoming month as we continue to foster the growth and development of our vibrant community.

ETH price oracle in the works

The development team was busy working on many new features in May. Alongside the changes needed for the token vesting change, we deployed:

  • Phase 1 of the Block Explorer functionality inside the browser,
  • Launched price oracle in testnet,
  • Rosetta improvements for easier partnership integration,
  • Enabled Memo on transactions between transfers.

In June, we will be working on additional functionality for the indexing tool for the browser, working toward bringing online the ETH price oracle in production, as well as moving forward with work on our decentralized exchange.

Stay updated:

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Muwpay — the ultimate “smart wallet” experience on Web3

Muwpay — the ultimate “smart wallet” experience on Web3

Guest blog by Dhruv Malik, Sr Smart Contract Engineer and Gael Bokongo CEO and Co-founder at Muwpay.

Muwpay, founded by an educated and innovation-driven team, is on a mission to dissolve the barriers of cross-chain universes by designing a flexible, interoperable user experience. The team has been developing their pioneering protocol called MUWP (Multi Underlying Wrapped Payment), a multi-token protocol adaptable to a variety of formats such as smart wallets, smart widgets, or SDK.

We are privileged to be trusted by Partisia Blockchain, one of the key players in the blockchain space known for secure and private computation services. This partnership has led to the creation of a smart wallet specific to the Partisia community. Thanks to the technical support and global vision of the Partisia Blockchain Foundation, a secure environment has been established where users can experience cutting-edge solutions. This collaborative approach holds vast potential for the future.

We were thrilled to be interviewed by the Partisia Blockchain team to explain our journey so far on our first partnership with such a significant figure in the blockchain industry. Check it out here.

Muwpay is developing the smart wallet and cross-DEXliquidity aggregator protocol with the aim of:

  • Add tokens from multiple wallets in a few clicks.
  • Reducing the burden of relying on multiple bridges and DEX aggregators to manually do the transfers.
  • Providing best price and low slippage trades by making the on-chain orderbook resistant to front-running.
  • Ensuring that your funds do not get exploited by keeping features such as transferring limited allowance tokens, possibility to revert tokens.
  • Support for both hardware and software wallets.
  • Being able to search other wallets using ENS like naming service.

Thus, we provide full end-to-end wallet as a service for Partisia ecosystem

This will be the cross-native wallet that works as follows:

  1. Create your account on Partisia using an external hard wallet and soon from a traditional Web2 account
  2. Create smart account (on-chain smart contract wallet working similarly in terms of multi-sig)
  3. Integrate various wallets and their tokens that you want to use in order to pay other accounts
  4. Define the destination address that you want to pay the amount along with the destination token address and the constraints (maximum percentage of slippage, minimum amount out etc.)
  5. Click on transfer (aka Muwped)

And then see the benefits of paying instantaneously in stablecoins using multiple denominations and low slippage.

For us, Partisia Blockchain ecosystem’s main characteristics were critical to launching our project on this ecosystem, services such as:

  1. Bring Your Own Coin using Hermez Bridge: this allows wallets to reduce the challenge of onboarding collateral tokens from the Ethereum ecosystem. All of the tokens will be represented as 1:1 wrapped versions of the underlying asset, which can be transferred P2P between the wallets, and then redeemed into the original amount. Thus. bringing significant adoption.
  2. ZK MPC compute and possibility for segmenting public and private parameters in contracts: This has been of significant help in developing contracts that keep certain computations private (like computation of gas fees and transaction ordering in the order book), but allowing possibility to generate the proofs regarding the nature of data. This helps us to resolve the issues regarding front-running, keeping information about the users sub wallets private, etc.
  3. Dynamic scalability of producing shards: helps to significantly scale our capacity of our transactions and not being usually blocked due to the bottlenecks introduced due to the periods of intense usage, and, thus, providing more stability.
  4. Having decentralized consensus of oracles to insure safety from malicious price and providing high availability of the pricing feeds for the mainnet tokens.

MUWP offers extensive benefits for crypto holders. It streamlines the conversion of tokens, reduces operational risks through secure and private computation services, and decreases gas fees by enabling any token for payment. The shards feature also improves transaction throughput. As such, MUWP enhances the overall cryptocurrency user experience, taking it a notch higher.

Thus, we have been progressing to build the smart contract protocol layer and also the mobile wallet, and are poised to release the beta test version around July. Feel free to follow the website muwpay.com for more information.

Overall, the partnership between Muwpay and Partisia Blockchain, and the innovations they are set to introduce, demonstrates a clear vision for a more efficient, secure, and user-friendly future in the world of blockchain technology.

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