Polymath, one of the leading cryptographic platformsnities, announced the start of work on the creation of an innovative blockchaina dla Security Tokens. In the implementation of the project called Polymesh the co-founder was involved Ethereum and creator of cryptocurrencies Corde - Charles Hoskinson.
Polymath takes up a new challenge
As part of its implementation, it announced the start of work on a chain of blocks dedicated exclusively to digital securities. The project is called PolyMesh, and Charles Hoskinson, co-founder of Ethereum and creator of Cordano cryptocurrencies, became involved in it.
PolyMesh will be a single-layer blockchain dedicated to Security Tokens, which due to their specificity require specific solutions. The project is to constitute a binder for the purposes of issuers, investors and regulatory authorities, based on a single-layer construction.
PolyMesh is an innovation on the cryptocurrency market
Despite the many undisputed advantages of Ethereum, the digital asset market due to its dynamic development requires advanced solutions that will provide it with an appropriate level of security and functionality. PolyMesh has these deliveries. According to Polymath representatives, the creation of a new chain of blocks will enable tokenization of any assets, and then their sale in one or several jurisdictions.
As the authors of the project convince, PolyMesh will be equipped with the most important financial functions, thanks to which it will ensure not only profit, but also separation of such elements as identity, asset ownership and compliance. At the same time, the new blockchain is to encourage potential investors to join the STO offer. Apart from Charles Hoskinson, Trevor Koverko, co-founder of the Polymath platform, has also been involved in the project, which has been a huge success in the digital securities sector, largely due to the introduction of various innovative solutions, such as the ST-20 protocol. Both of them do not hide their excitement related to cooperation on a new project. It is worth adding that Charles Hoskinson is also the propagator of the use of blockchain technology in state economies.
Polymath is a young company, because it was founded in 2017 year. Until now, however, the platform has been able to release over 120 Security Tokens, thanks to which it has become one of the leaders in the STO sector almost instantly.