AllianceBlock Primer: Our Partnership with Holochain
In 2019, AllianceBlock formed a partnership with Holo — a popular decentralized platform that allows users to launch distributed, peer-to-peer applications that run on end-user devices and don’t need a central authority to function.
What We Do
At AllianceBlock, we are building the world’s first globally compliant decentralized capital market with the AllianceBlock Protocol.
The AllianceBlock Protocol consists of three main layers:
Cross Border Regulatory Compliance
- Dynamic smart contract logic that integrates with existing legal structures and provides regulatory oversight, legal recourse, and upgradeability.
Data Governance and Privacy
- All data collected, processed, and disseminated is compliant with GDPR and MiFID II to simultaneously ensure user privacy and transparency of transactions.
- Fully automated back-office processing, document production (inc. automated prospectuses), regulatory submissions, and transactions.
Together, these components will enable a wide range of use cases, ranging from:
- regulated securities offerings;
- permissioned private communication channels between financial institutions;
- consolidated reporting of financial exposure for regulatory purposes;
- tokenized content management, and more.
Our feature-complete platform is designed to provide a stable bridge between the traditional and decentralized finance worlds, enabling major institutions to securely access the world’s first globally compliant decentralized capital market.
Bringing it all Together
To help bring this to fruition, AllianceBlock will use Holochain’s technology to decentralize and distribute the data of the participants, as well as validate peer ratings across the AllianceBlock platform — for both expert and overall project reputation scores.
This will be achieved through the use of Holochain’s Distributed Hash Table (DHT) architecture — which is based on the same technology the BitTorrent’s peer-to-peer file sharing protocol uses for data distribution and lookup. This system will enable self-sovereignty of user data, allowing users to fine-tune the data they share while ensuring AllianceBlock is compliant with data protection regulations (e.g. GDPR).
“One of the pillars of our platform consists of a rating system; where each user maintains its user data. For this part, we were looking for a DLT to host high scalable network features. After meeting David Atkinson at a gathering in 2018, we discovered the brilliance of the agent-centric protocol of Holochain; where each agent maintains its personal hashcode; better known as Distributed Hash Table. Not only will the peer maintain its data sovereignty, but this will also enhance the scalability of our platform.” — Rachid Ajaja, AllianceBlock Founder & CEO.
Each peer or node that registers with AllianceBlock will have a role in staking, contributing, responding, voting, investing, and more — and will form part of an ever-expanding peer-to-peer experience. On top of this agent-centric social network, a deep learning model known as “the brain” will harvest shared data to build and assign reputation scores for users and companies.
By building the social component of AllianceBlock on Holochain, we will be able to decrease failure rate, increase investor ROI, and allow merit-based access to capital for corporate users, and deals for investors — all while ensuring users retain control of their data.
Holochain enables a distributed web with user autonomy built directly into its architecture and protocols. Data is about remembering our lived and shared experiences. Distributing the storage and processing of that data can change how we coordinate and interact. With digital integration under user control, Holochain liberates our online lives from corporate control over our choices and information.
AllianceBlock is building the first globally compliant decentralized capital market. Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
Visit our Website: www.allianceblock.io
Join our Telegram: https://t.me/allianceblock
Join our Discord: https://discord.gg/hF7AGgt
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