AllianceBlock’s New Technical Roadmap is Designed to Bridge Traditional and Decentralized Finance Compliantly, Providing the Best of Both Worlds to Investors, Banks and DeFi Projects

  • IT Innovations , Financial
  • 27.08.2021 03:15 pm

To date, AllianceBlock has launched a number of working products, and has sealed partnerships and collaborations with leading players including Chainlink, Hedera Hashgraph, Ava Labs, Avalanche and the London Stock Exchange Group Partner Platform

AllianceBlock, the chain-agnostic protocol building compliant and data-driven products that improve the DeFi industry and enable financial institutions to access opportunities in decentralized finance, has today unveiled a new technical roadmap. The highly anticipated roadmap outlines the upcoming milestones that will bring AllianceBlock’s vision of bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi) closer by remedying issues that exist in both spheres and linking the two worlds of finance together. 

AllianceBlock is building the next-generation of financial infrastructure through an interplay of products designed to accelerate and galvanise the DeFi industry, as well as improve the current state of the traditional financial industry. Under AllianceBlock’s new technical roadmap, the company will release a comprehensive product suite that will contribute to the company’s vision of creating the comprehensive, financial infrastructure of tomorrow. In the past twelve months, the team has released innovative solutions including decentralized interoperability, white label liquidity mining campaigns and trustless user identification. These products have already been extended to some of the world’s top protocols including Ethereum, Avalanche, Binance Smart Chain and Elrond in a series of partnerships as well as strategic collaborations. 

Rachid Ajaja, CEO and Co-founder of AllianceBlock, said, “We pride ourselves on being the first users of our own solutions. As DeFi veterans, we’ve spotted real challenges in the industry and used our product development to actively address them. At the same time, in the past 12 months we have seen monumental changes in institutional attitudes towards the digital asset industry from all facets of the global financial system and beyond. While the winds have changed, what the industry is still lacking is a stable channel to enable banks to trade digital assets legally, safely, securely, and in a fully compliant manner. That’s where AllianceBlock steps in. The release of our technical roadmap marks a new phase in our journey to bridge decentralized and traditional finance. Our team deals in real-world solutions, not just theory and we look forward to reaching new milestones, launching new products and upgrades, and making our vision a reality over the coming months.”

The products and milestones laid out in AllianceBlock’s technical roadmap are designed specifically to address the challenges faced by projects operating at the new intersection of traditional and decentralised finance. To counteract these challenges, AllianceBlock has designed a unique product suite, consisting of three layers: the DeFi Layer, the Data Layer and the Regulatory and Compliance Layer.

  1. In the DeFi Layer AllianceBlock offers cross-chain interoperability with AllianceBlock Bridge, white label liquidity campaigns with AllianceBlock LMaaS (Liquidity Mining as a Service) and aims to reduce impermanent loss for traders with AllianceBlock DEX.  Additionally, AllianceBlock Fundrs gives users access to a peer-to-peer lending protocol with a comprehensive data analytics dashboard for use in DeFi strategizing through AllianceBlock Terminal, the “Bloomberg of DeFi”.

  2. In the Data Layer, AllianceBlock helps DeFi projects and traditional finance players to monetise and leverage mass amounts of data they produce through the AllianceBlock Data Tunnel.

  3. In the Regulatory and Compliance Layer, AllianceBlock enables DeFi projects, protocols and DEXes to introduce scalable compliance frameworks that help them grow with regulation and open doors to institutional players to participate into DeFi with AllianceBlock TIDV (Trustless Identity Verification) and the AllianceBlock Cross-Border Regulatory Compliance Rules Engine.

DeFi projects need access to new liquidity and investment opportunities which AllianceBlock will provide through its LMaaS, AllianceDEX, and Fundrs offerings. At the same time, the industry cannot compromise on KYC compliance. AllianceBlock addresses this through its Trustless IDentity Verification (TIDV) framework. Once DeFi operates in this way, it will invite vast investment from traditional financial institutions. DeFi projects of all sizes will be able to benefit from decentralised and scalable interoperability through AllianceBridge, which will also serve as the connector between AllianceBlock’s partners, clients and extensive product suite. Finally, the vast amounts of valuable data they produce will be leveraged via the AllianceBlock Data Tunnel.

A range of products from the three-layer product suite will be released over the next 12 months. The full roadmap can be viewed here.

Matthijs de Vries, CTO and Co-founder of AllianceBlock, said, “With years of first-hand experience, our team knows the barriers traditional financial institutions are facing when it comes to accessing DeFi. We have built a protocol and supporting products aimed at empowering legacy financial institutions by solving those problems and providing compliant access to innovative DeFi investment opportunities. We know that traditional finance has standards. Our goal is to build these DeFi products with those standards built in, so players can save time, money, and increase efficiency without the need to worry about compliance. Our plan is ambitious, but so are we. We look forward to reaching new milestones and bringing our roadmap to life.”

The AllianceBlock vision has always been clear: to create a new generation of infrastructure providing the best of both worlds via a compliant gateway between centralised and decentralised finance. Led by an unrivalled leadership team experienced in traditional finance, DeFi, technology and software development, the company has been making huge strides in cementing its position as a hallmark player in the DeFi industry over the past three years through partnerships and collaborations with leading players including Chainlink, Hedera Hashgraph, Ava Labs, Avalanche, Elrond, Ocean Protocol, Injective Protocol, Orion Protocol, Edgeware, and many more, as well as joining the London Stock Exchange Group Partner Platform. AllianceBlock’s technology is being developed and leveraged by Devraaj, a technology and professional services provider.

For more information, visit https://allianceblock.io/ 

 

Rachid Ajaja, CEO and Co-Founder of AllianceBlock, and Matthijs de Vries, CTO and Co-founder of AllianceBlock are available for interview.

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