Interoperability Challenges in Blockchain and PBC’s Solution

Have you ever taken a trip to an amusement park? Then you are probably familiar with “amusement park dollars”. The park encouraging you to exchange your native currency to “amusement park” dollars because the only thing that is accepted in that amusement park is the currency of the amusement park. And of course, those amusement park dollars are not good anywhere else except in that park.

This is similar to how the public blockchain industry’s tokenomics works. If you want to play in the Solana ecosystem, you have to have the SOL token. Same with Cardano, where you need to pay using ADA. Theta is TFUEL, etc. The entire ecosystem model revolves around their specific currency.

And like amusement parks, every blockchain is in competition with each other. “We’re cheaper. We’re faster. We’re the easiest to develop on.” So on and so on…

In fact this “competition with each other” scenario has been seen throughout history. And it’s quite interesting to see, historically, who has been the winners in these types of competitions. VHS vs Beta in the 70’s, The desktop wars in the 80s, Ethernet vs Token Ring in the 90’s, search engine wars in the 2000’s, and the streaming war that is currently ongoing. And in almost all cases, the winners in these “wars” was the one who was collaborating rather than competing with others.

So the big question is….. Who is going to win the L1 public blockchain wars?

As mentioned above, the current state of the public “blockchain wars” is all about competing with everyone. The combination of every chain saying they are faster and cheaper, with the silo’ed tokenomic model of each chain forcing users to spend only in their currency locks every dApp in their own ecosystem. This is why interoperability has become one of the biggest topics in the industry.

But can we do it differently?

One of Partisia Blockchains core principles is interoperability. This is because our vision is to enable anyone to create solutions that help establish trust and foster collaboration and this means having an architecture that supports interoperability.

So in this regard Partisia Blockchain created a platform from scratch. And following the vision and principles we are adhering to, we created the concept of Bring Your Own Coin (BYOC).

BYOC basically means the users of the chain can pay for using apps developed on PBC using the coin they are most comfortable with. Or in other words, the gas payment on our chain is other liquid coins. This allows for the following possible features.

• Flexibility of the developers to create their apps and open up their ecosystem to all different type of token holders
• Use the unique bridge for different types of use cases between chains, such as swaps, or transfer of data alongside account information between chains.
• Allow for our general multiparty computation infrastructure as a service. dApps built on other chains can now use our MPC technology without needing to port their application over into our chain
• Stable fee structure — price of the underlying asset does not change how much you pay in gas. It is always structured in a flat USD amount, allowing businesses to properly forecast their financial projections.

The Hermes bridge is a double-entry bookkeeping system securing the bridged asset through our MPC multi-sig oracle key. Currently supporting Ethereum, BNB and Polygon USDC, our roadmap includes others like bitcoin, ADA, XTZ and allows for simple integration to all other EVM compatible tokens. This interoperability and gas payment model opens up a variety of interesting use cases, such as the ability for users to interact with any dApp using their own currency of choice.

Our MPC-as-a-Service is also a unique feature of Partisia Blockchain. Our core vision is empowering anyone to be able to utilize our MPC services and to achieve this vision, we designed an architecture that allows anyone to call the blockchain, regardless of where their core app is built. Whether it is a traditional Web2 or a Web3 application that is built on a different chain, both can call Partisia Blockchain and compute using secret inputs without needing to port their entire application stack over to Partisia Blockchain.

By creating a programming language that allows for developers to use MPC in a generic way, and combining it with a unique interoperability and a scalability architecture, Partisia Blockchain Foundation has made the creation of applications that can harness the power of MPC for different use cases a possibility. Partisia has been at the forefront of providing private MPC solutions since 2008. And by layering this technology on top of an interoperable and scalable blockchain, Partisia Blockchain is now paving the way for anyone to create solutions that can balance privacy and transparency to build trust.

To learn more about different use cases or partner with us for solutions, please visit partisiablockchain.com, check out our Medium articles, development documentations or email us at build@partisiablockchain.com.

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…

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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