tZERO’s Digital Securities Protocol Supports Tezos Blockchain
This year cryptocurrency market cap has increased continuously, and since last July all coins prices have increased sharply.
This sort of sharp increase of coins’ prices does not mean that crypto currencies are already inside our normal life and daily usage. It may reflect the potential of future usage and versatility and absorb enough capital that comes from government for mitigation of corona pannemic or private investors who look at the proper and secure investment in this volatile world.
Cryptocurrencies Total Market Capitalization
One clear point is that crypto market volatility is not so serious as much as we had before.
The price and market cap. haver increased continuously relatively lower volatility and investors’ trust had become more rigid. And we could get the signal that crypto currencies are being connected to existing financial system and economy.
On last April, tZERO, the global leader in blockchain innovation for capital markets, announced that its digital securities protocol now supports Tezos, an open-source public blockchain for assets and applications that can evolve by updating itself.
The integration marks tZERO’s 2nd step in supporting blockchains following Ethereum on its open-source protocol.
This expands the range of technological options available to digital securities issuers who wish to have their securities be compatible with the tZERO ecosystem.
What are digital securities?
Digital securities are traditional securities enhanced by the benefits of blockchain technology. These digital securities can represent ownership interests in tangible assets, such as real estate, or in shares of an operating company. Digital securities allow investors to view ownership on a secured blockchain network, providing increased transparency.
What Tezos can do
-Tezos is an open-source platform backed by a global community of validators, researchers and builders. Smart contracts on Tezos offer institutional-grade security by more easily facilitating formal verification, an advanced technique used to mathematically prove properties of programs that require extreme proofs of correctness. Additionally, Tezos is built to more effectively evolve, with features such as the ability to upgrade itself via an on-chain governance process. Furthermore, Tezos was the first pure proof-of-stake blockchain to launch, ensuring wide-spread participation and energy efficiency. The Tezos blockchain has been utilized by numerous issuers of digital securities.
tZERO CEO Saum Noursalehi stated “Multiple issuers in our pipeline, including Alliance Investments’ River Plaza STO, have expressed interest in leveraging the Tezos blockchain.”
What tZERO can do
tZERO is a proponent of collaboration and the progression of the digital securities ecosystem.
tZERO’s digital security protocol is open-sourced,
https://github.com/tzero-dev/Tez0ken.
This is the initial launch of the Tezos integration. tZERO will continue to iterate and improve on it in future revisions. tZERO supports the progressive adoption of possibilities afforded by distributed ledger technology in capital markets that advances in lockstep with regulatory requirements, as well as drives the dialogue around collaborative regulatory innovation.
tZERO is a technology firm that was founded with the goal of utilizing distributed ledger and smart contract technology to revolutionize Wall Street so that it is more efficient, accessible and transparent. tZERO is a member of of Medici Ventures, the blockchain subsidiary of Overstock.com, Inc. (NASDAQ:OSTK).
Source: businesswire, tzero.com