Meta Earth Network Focuses on Empowering Traditional Industries, Boosting RWA Development
Only by bridging the gap between the cryptocurrency market and the real world, enhancing the practical value of virtual assets, and ultimately serving economic and social development, can Web3 truly take root. Real World Assets (RWA) serve as an important vehicle for connecting and covering the real world in Web3 applications, representing the most promising direction for Web3’s future development.
So what exactly is RWA?
RWA specifically refers to the conversion of rights related to traditional financial assets and physical assets into digital tokens on the blockchain, where these tokens represent ownership or shares of traditional financial assets and physical assets. Traditional financial assets include stocks, bonds, funds, income sharing agreements, and accounts receivable, while physical assets typically include real estate, artwork, precious metals, and more.
In theory, any valuable asset can be tokenized. The advantages of asset tokenization are primarily based on blockchain technology at the underlying level, and can create related DApps to address the shortcomings of traditional finance. Because RWA can migrate more valuable real assets to the chain, establishing a connection between the asset layer and the application layer, RWA is also seen as a catalyst for the mainstreaming of virtual assets and Web3 applications.
As a pioneer in supporting the development of RWA, Meta Earth focuses on the needs of industrial blockchain, continuously optimizing underlying technical solutions for the application of blockchain in traditional industries.
Building a modular public chain to support diverse scenarios
In response to enterprise-level needs and customized, complex data types, and high-concurrency scenario requirements, Meta Earth independently constructs the ME Network, a proprietary underlying public chain. It adopts an innovative modular architecture design: horizontally decoupling the single-layer blockchain, separating out the data availability layer, and building ME Hub specifically for settlement and state verification consensus. This modular approach divides functions such as privacy security, node verification, transaction confirmation, data storage, and fraud proof separately. Additionally, it introduces a modular development toolkit to provide comprehensive execution layer solutions.
At the same time, Meta Earth separates different types of functionalities from the blockchain network into different components or modules, especially developing various application scenario functional modules related to RWA business. For example, logistics, orders, payments, verification, copyrights, etc., are pre-packaged as single or combined business modules, endowed with blockchain characteristics, and even capable of possessing sub-functions such as DEX, stablecoins, NFTs, and derivatives. This allows developers to extract these modules and combine them in any order to achieve higher-level functionality, greatly enhancing development efficiency and lowering the development threshold.
Introducing ME ID to establish trust credentials
Furthermore, to empower most scenarios of traditional financial transactions requiring real-person identity verification while simultaneously balancing identity assertion and privacy protection, ME Network natively constructs the ME ID Protocol, which supports KYC. The first use case based on the ME ID Protocol is ME ID, the identity credential for compliant digital citizens of Meta Earth.
Unlike ordinary DID, ME ID uses homomorphic encryption algorithms to pre-encrypt user KYC data and introduces assertion-based zero-knowledge proof generation and verification methods, further safeguarding user privacy. This not only ensures that each ME ID is backed by a unique real individual but also truly returns personal data and asset sovereignty to users.
In the future, traditional commercial scenario applications developed and deployed based on ME Network can precisely verify customer identities through ME ID, determining whether to proceed with the next transaction. For example, a real estate trading platform can use ME ID to verify the identities of buyers and sellers, ensuring the security and transparency of transactions; a leasing platform can quickly confirm tenant identities through ME ID, improving the efficiency and reliability of the leasing process.
Building a multi-chain fusion network to amplify ecosystem value flow
Moreover, Meta Earth has created a multi-chain fusion network through the MBC protocol, allowing seamless cross-chain communication between different independent blockchains. In the Meta Earth ecosystem, various blockchain networks can send and receive data and assets to each other and invoke smart contracts. This interoperability enables different blockchains to collaborate, share resources, and achieve cross-chain value transmission.
Meta Earth is not limited to interconnection between internal networks but can also connect with external blockchain network ecosystems. This means that Meta Earth can meet the business needs of different blockchain ecosystems, laying a solid foundation for larger-scale applications. For example, financial service platforms can conduct cross-chain transactions with other blockchain networks through Meta Earth, facilitating the free exchange of various digital assets; supply chain management systems can use Meta Earth for cross-chain data transmission, ensuring transparency and traceability of information at each link.
Now, the RWA track is on the eve of explosion. We believe that RWA will not only provide tremendous development opportunities for the real world and the crypto ecosystem, but also accelerate the application landing of Web3. For Meta Earth, besides building a richer multi-chain ecosystem, more mature public chain technology, more effective KYC/AML, more transparent on-chain assets, and more compliant custody services, it will also promote the perfect integration of the real world and the digital world, realizing the true empowerment of Web3 in various scenarios.
About Meta Earth
Meta Earth (ME) is based on a modular, high-performance, infinitely scalable multi-dimensional fusion underlying value network — ME Network, which supports the high-concurrency big data processing needs of traditional industrial applications.
And through an encrypted DID (Decentralized Identifier) system — ME ID & ME Pass which can effectively protect user privacy data, and a co-construction & co-governance mechanism which can fully reflect personal sovereignty and equality for all, as well as an economic model which can guarantee UBI (Unconditional Basic Income) without any distinction, Meta Earth is fully dedicated to enhancing happiness for a better life and maintaining ecological balance to promote sustainability.
