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Zipper: is standard Rayleigh wave better than Rayleigh wave?

Time : 30/05/2022 Author : 3uxp52 Click : + -
        The real record of data and the token economy system, almost all industries can be transformed with blockchain, but the degree, difficulty and fit of transformation are different. Some industries will be relatively easy to transform, with more natural integration and higher degree of fit. Some industries involve many offline entities and have many interests involved. It is relatively difficult to transform with blockchain, and it is even harder to achieve results. Now it is unnecessary to talk about those fields that can use blockchain and those industries that can't. Because all industries will be related to blockchain in the future, the leaders of blockchain in all fields are likely to succeed. Of course, if you are a token investor, you still need to give priority to the fields with the highest degree of integration with the blockchain at the current stage, because not all fields are so easy to produce results. For example, the blockchain in the automotive aftermarket can eliminate intermediaries through the blockchain, and there is time, but the most important thing is to have a lot of patience and strong integration ability.
        Among them, finance, gaming and social networking may be the industries that can achieve the earliest results in terms of their compatibility with the blockchain. It can be said that in addition to the infrastructure projects of the blockchain, the better choices are concentrated in these three areas. (if there are other areas that you think are good, please leave a message for discussion.) therefore, blue fox attaches particular importance to and pays attention to projects that integrate blockchain with finance, games and social networking. Blue fox has seen a project called zipper in the past few days, which uses blockchain to solve the interconnection problem of the financial industry. It seems to have the shadow of ripple, but its goal is bigger than ripple, and it is to solve the problems that ripple has not solved.
        At present, global financial institutions are unable to embrace the blockchain due to compliance, security and technical standards. The private chain and alliance chain developed by financial institutions are all data islands. In addition, ripple is not compatible with financial laws and regulations, cannot be universal, is not flexible enough, and cannot be implemented in many countries. The business logic is inconsistent with the clearing and settlement logic of existing financial institutions, and cannot be easily connected with financial institutions. There is also the problem of standard format. The message system of Rayleigh wave is incompatible with the existing message formats and standards of the bank. This has caused Ruibo to encounter many obstacles in integrating the financial industry with the blockchain. Zipper is a decentralized value circulation network, which can realize point-to-point communication, transfer, and cross chain transaction settlement among different financial institutions.
        In other words, zipper tries to provide basic services of blockchain for financial institutions around the world. There is no doubt that blockchain has a profound impact on finance. However, finance involves regulatory, safety and technical standards. Most of the current blockchain technology facilities, including private chain and alliance chain, are data islands. However, if a public chain is selected, all financial institutions will run on it, all transaction data are transparent, and the transaction address is anonymous, then obviously there will be problems. Because this does not meet the global regulatory compliance requirements. Based on the above two aspects, zipper tries to find a balanced solution that can be implemented.
        Zipper chose the cross chain communication and transaction mode to meet the needs of financial institutions. In order to be able to land as soon as possible, zipper considered the characteristics of the industry. First of all, zipper follows the general standard, and can communicate between private chains or alliance chains of global financial institutions, so as to realize seamless migration of existing financial services to zipper. Secondly, zipper introduces KYC verification node and supervision node, which can meet the international financial compliance requirements. Finally, zipper integrates blockchain technologies such as zero knowledge proof with existing technologies to solve the privacy protection problem of large-scale financial applications.
        Blockchain finance often faces a balance between efficiency and privacy. Zipper is no exception. It uses data separation and credit authorization verification mechanisms to achieve balance. In addition, zipper uses contractual financial electronic vouchers (FEA) to design and support highly complex financial services. This FEA is the core of understanding zipper. Zipper has cross chain and cross gateway payment channels, clearing and settlement logic, and contractual financial electronic vouchers. The ultimate goal is to meet a variety of needs. Zipper team introduced to Lanhu that the research on cross chain and cross gateway of financial institutions by the team was very early. It started in 2013 and has invention patents in Canada, Singapore, China and other countries.
        Zipper has pioneering exploration in inter network transaction transfer and communication, and can realize transfer from traditional bank accounts to digital assets. In view of the international financial supervision and the internal security requirements of financial institutions, zipper has designed a front and back-end system, which can realize the connection between the blockchain and the existing network of the bank, and realize rapid system integration and integration. In the field of global financial transactions, security, efficiency and low cost have always been the direction of efforts. Decentralized payment clearing and settlement based on blockchain is the most important direction to solve this problem. There are more and more digital assets based on the blockchain. For the first time in human history, the value circulation on the network has been realized.
        However, there are also obstacles to the transfer of digital assets between different chains. Therefore, the cross chain asset flow standard is also an important aspect of the future development of blockchain finance. Traditional banks hope to innovate through blockchain, but rarely make progress. The main reason is that it is difficult for traditional banks to innovate in the core system architecture. In addition, for regulatory reasons, banks will consider more stability and safety than risk return. In order to ensure the security of the ledger, the banking system is protected by a firewall, and every small account transaction requires a complex process, which makes financial innovation very difficult. Ripple tries to provide settlement solutions for global financial institutions. It has an open payment network based on blockchain.
        However, due to the internal defects that are difficult to overcome, ripple failed to form a deep partnership with these financial institutions and failed to form a network effect of ripple. At present, ripple is not compatible with financial supervision and cannot be integrated into official financial entities. Ruibo cannot support clearing and settlement and cannot be integrated into the account books of financial institutions. The communication system of Rayleigh wave is also incompatible with traditional bank formats and standards, making it difficult to realize system migration. Zipper tries to give consideration to financial security and flexibility and find a development path that conforms to the current situation. Zipper's core is its cross chain protocol, which can provide certified public chain, private chain and alliance chain data and transaction transfer services.
        At the same time, it complies with global regulatory requirements, safety requirements and ISO international financial standards. Zipper essentially wants to build a financial blockchain infrastructure. It tries to connect the ledger of financial institutions and the distributed ledger of the blockchain, realize cross chain transfer transactions and information exchange among banks, meet the needs of efficient transactions, and support complex financial and commercial cooperation. Zipper aims to become the largest cross chain value circulation network in the world. It can also provide information and cross chain transaction services, while achieving both high efficiency and low cost. It has designed front and back end systems for the bank's existing systems and gateways to implement the blockchain, so as to reduce the integration cost.
        Zipper is compatible with iso20022 standard (ISO standard refers to the standard for electronic data exchange between financial institutions) to meet the global KYC needs. First, the most important is its consensus algorithm. In the blockchain, consensus algorithm is the cornerstone to ensure the safe operation of the entire network. Why distributed ledger can be trusted, and why bookkeeping is supported by people with computing power, storage and bandwidth, all depend on the consensus mechanism. Without a consensus mechanism, the blockchain cannot really play its role. One of the cores of zipper is its consensus algorithm. Zipper adopts a horizontally scalable multi chain structure, which can solve the bottleneck of traditional single chain functions, and has better concurrent performance than traditional blockchains. At the same time, it also supports the connection between heterogeneous blockchains.
        Zipper consensus algorithm includes three core parts: SOA, SCIP and ACIP. This is also the core part of understanding zipper. First of all, SOA refers to self organizing strategy, which is a protocol that sets up a set of standards for each entity participating in the zipper network and can be self-organized into multiple auxiliary chains. Through SOA, all participants can self organize into sub chains with appropriate scalability. Each sub chain has sub ledgers. Byzantine fault-tolerant consensus algorithm is used, and a certain number of faulty nodes or malicious nodes can be tolerated. SCIP is a symmetric chain interoperation, isomorphic cross chain interoperation protocol, which sets standards for multiple isomorphic sub chains and ledger on zipper to obtain data and realize cross chain transactions.
        SCIP includes the definition of inter chain transactions and cooperation logic. The sub chain can conduct cross chain transactions to achieve high concurrency and high expansion. ACIP is an asymmetricchaininteroperation, heterogeneous cross chain interoperability protocol, which sets a standard for the integration of external blockchain and zipper. ACIP includes standard data structures and processing logic for scripts or contracts. Through the same data structure and processing logic, zipper realizes cross chain data compatibility. Zipper adopts data separation and credit authorization verification mechanism. When processing transactions on zipper, zipper's blockchain clearing file and transaction data on the distributed ledger are separated.
        For example, when financial institutions perform payment based on clearing documents, the details of payment data are not necessary. For example, when decentralized credit authorization verifiers calculate, only encrypted user cases can be seen during Mathematical verification. In addition, when conducting transactions among multiple institutions, the transaction data is encrypted and only shared among transaction participants. The cross chain gateway is responsible for communicating and integrating all external blockchains. It is compatible with various private chain protocols, alliance chains and trusted public chains. Cross chain gateways prevent heterogeneous structural differentiation between all different private chains and alliance chains. It also prevents external systems from entering the internal system. The internal system only needs to integrate with zipper cross chain gateway to use any blockchain technology.
        Zipper cross chain gateway can provide cross chain Gateway Services for global financial institutions. In other words, zipper cross chain gateway serves as a routing protocol for blockchains of different financial institutions, providing communication and data transfer services. Zipper cross chain gateway establishes communication and interaction protocols between different blockchains, and heterogeneous blockchains from different institutions can be connected to each other. In the zipper network, different blockchain analysis and sending communication requests follow the zipper cross chain gateway protocol. Zconnector maintains the connection between financial institutions and the zipper network. Zconnector communicates with multiple participants on the zipper network through P2P information transmission, including transaction information, query information and consensus information.
        Transactions initiated from financial institutions are submitted to zipper through zconnector, and then written into the account book after the parties reach a consensus. Zipper supports decentralized authentication mechanism. Zipper network nodes can verify IDS in a decentralized manner. The nodes communicate through TLS data transmission connection. Zipper supports multiple open source and commercial encryption algorithms to ensure communication security. Due to the current global regulatory demand, a completely anonymous value circulation network is still unrealistic at present. To serve the global financial industry, zipper network must also consider the regulatory needs.
        When a user creates an account book, the cooperative institutions of zipper network do not need to change the regulatory requirements of KYC, and can meet the anti money laundering laws and financial compliance requirements of different regions. Banks can use zipper network under the regulatory conditions. Financial institutions have many applications and business scenarios, so it is very demanding to provide financial solutions to financial institutions. It not only needs to solve credit problems among multiple trading participants, but also needs to provide payment, bookkeeping, message, clearing, commission settlement and other personalized services. Zipper adopts contract based FEA, which can be customized and is in digital format, integrating transaction processing path and clearing processing.
        After reaching a consensus, FEA is used as the accounting result and the liquidation evidence of multiple participants. FEA defines the agreement for all transaction participants to implement consensus. The rights and obligations in FEA are performed by zipper network. For the traditional public chain, all contract information and transaction history are open and transparent. This is not in line with the actual needs of most financial institutions. Through zero knowledge proof technology, zipper can meet users' privacy protection needs, as well as regulatory and audit needs. Zipperacc is similar to ach (automatic clearing house) in the United States, which assumes the role of automatic clearing center.
        Due to the distributed ledger and contractual financial electronic vouchers, zipper's ACC can define the business types and information formats of various types of clearing. ACC processes transactions and bookkeeping on the blockchain, sends clearing instructions and account book file formats to contractual financial electronic vouchers through the zipper gateway, and appoints the financial clearing center to carry out clearing. If the asset subject is a digital asset, the liquidation will be directly performed on the blockchain. For different clearing and settlement requirements, contractual financial electronic voucher (FEA) allows developers to design their own solutions based on personalized business logic. Zipper supports distributed ledger technology and contractual financial electronic vouchers, which constitute the basic capabilities of zipper network and provide commercial services for financial institutions.
        With these infrastructures, financial institutions can easily migrate their traditional services to the blockchain network. Zipper tries to solve the interoperability problem of global financial institutions. It can have a variety of applications. It has basic cross chain message and transaction transfer services, inter-bank cross-border transfer and payment, group remittance transaction, consumer micro payment, supply chain finance, transaction finance, etc. If these are realized, it will be very attractive to traditional financial institutions that want to embrace the blockchain, because it can bring more efficiency and lower cost to traditional financial institutions, and ultimately, obtain their own competitive advantages. Get more value from flow management.
        By joining the zipper network, financial institutions can provide more assets and services to customers and obtain value improvement from liquidity management. Improve the efficiency of the transaction process. Zipper significantly reduces the cost of traditional bookkeeping and reconciliation, improves efficiency and obtains a better user experience. Smart business. Cross chain and contractual financial electronic vouchers provide banks with more intelligent solutions based on the blockchain, and improve the ability of banks to solve diversified needs, such as transaction process processing, clearing and settlement. Zipper has three core teams. Chen Yu graduated from the University of Hong Kong and has rich experience in traditional banks and financial enterprises. He has been committed to the technical research, development and application implementation of cross block chain messages and transaction transfer.
        Chris Ryan is an Australian financial services license holder and a member of the Financial Ombudsman Service. He is also an executive director of the investor link group. He was the chairman of a company listed on the Australian Stock Exchange. Roger Wu is b
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