Digital Cash in an interoperable multi-chain universe

ARYZE
ARYZE
Nov 6 · 2 min read

Connectivity and interoperability with external blockchain services is the hallmark of Digital Cash success.

The lack of cross-chain interoperability is a major challenge for blockchain technology to overcome. Blockchains, which offer accurate, safe and immutable ledger services, have up until now been more or less unable to integrate with each other. 2019 has been the year where protocols for cross-chain interoperability have effectively developed, and this presents an opportunity for stable, digital assets to unify decentralized finance and applications.

Interoperability sees different sub-technologies connect through a unified vision of Digital Cash.

At ARYZE, the distributed ledger which maintains a record of transactions and facilitates interaction with external parties is called RYZEnet. When a user deposits money into the ARYZE ecosystem through the associated fintech products, a digital cash “I-Owe-You” is issued to the user on RYZEnet, for the equivalent value and in the same currency desired by the user. Under normal circumstances, the digital cash IOU is strictly present on our blockchain; however, through interledger/interoperability protocols, we can “publish” a corresponding virtual amount on other blockchains that we offer connectivity with.

It is the strategic consideration of ARYZE to offer an entry into the universe of blockchain assets, by unifying the innovations of the future through a set of “blockchain agnostic” stable, digital currencies, backed by the faith in central banks around the world.

An expected trend for the future shows that trillions of dollars’ worth of existing assets are going to be digitized, stored, and transferred via distributed ledger technologies, providing an incentive for ARYZE to meet this trend head-on.

Read more here.

ARYZE

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ARYZE

#ARYZE creates digital cash to make payments cheaper, faster and smarter. Join us on Telegram: https://t.me/ARYZE #thewayyoupay

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