It promised to decentralise; it allowed for monopolies.
It promised free information; it led to individual data being exploited.
It promised to bank the unbanked; it has scratched the surface of this need.
To enable many value interactions, participants must know who they are transacting with.
To provide a network that allows for asset ownership and exchange, being able to represent your asset class is essential.
Rules and regulations already exist to protect counterparties. Any network must allow for and indeed enable such regulations.
Energy efficiency is essential as it is the only way to build a long-lasting and sustainable solution.
No one participant can be in a position to exploit, leverage or manipulate any individual’s data.
To support a global network of value exchange, the network must be able to scale just like the internet today scales.
Many interactions, particularly those that fall under KYC/AML requirements, rely on a strong proof of identity. To support this, iov42 has centered the network around identities.
iov42 is a multi-asset network that can manage virtually any number of asset-types.
A novel consensus mechanism (DRME) combines high performance with low energy consumption.
Nodes are data centres with unlimited storage, speed and scalability. This unique architecture creates a network that can scale like the internet.
Through open API´s, developers can easily develop applications for any use case.
Building regional, interconnected networks that can comply with existing local regulations.