COTI partners with peaq, a portal into the world of DLT
Our partnerships with nakamo.to and Advanced Blockchain AG has extended to the crypto leaders’ latest exciting venture, peaq.
The peaq project aims to bridge the real world with the immense potential of distributed ledger technology (DLT). This is achieved by combining the genius behind blockchain with one of the most ambitious forms of DLT, the directed acyclic graph (DAG).
peaq has the potential to enhance a number of sectors ranging from digital identity and cloud storage all the way through to IoT, payment and money transfers and Industry 4.0. A truly exciting prospect for any entrepreneur, startup or big corporation considering making a move into the DLT scene.
COTI and peaq will continue research concerning the use cases of the DAG data structure, particularly for the German industry.
“COTI is one of the few projects in this space that delivers as planned thanks to Nir Haloani and Shahaf Bar-Geffen’s impressive leadership. We are excited to bring innovative payments technology and stable coins to the German market together,” commented Norbert Gehrke, general manager of Advanced Blockchain AG.
COTI CEO Shahaf Bar-Geffen added:
“Our partnership with peaq couldn’t have come at a more opportune time, as our Trustchain AlphaNet has officially launched. Our DAG-based Trustchain protocol is the next evolution in blockchain, a truly viable blockchain 3.0 solution that will be particularly fit for specialized use cases.”
COTI recently visited the crypto hub of Berlin on 13 September, 2018. During our stay, we hosted a meetup at Base58, the new space of Advanced Blockchain AG, to cover key innovations of our Trustchain protocol.
COTI CEO Shahaf Bar-Geffen discussed everything related to COTI’s DAG-based infrastructure, the world’s first platform optimized for creating stable coins and digital payment networks. As it stands today, most blockchain platforms are optimized for dApps and not for payments. They also do not provide the stability required for everyday use. Current blockchain infrastructures possess numerous unsolved challenges related to identity, trust, stability, scalability, high transaction costs and many others, driving down the adoption of blockchain technology and cryptocurrencies for mainstream use.
To address these shortcomings, COTI is providing an end-to-end solution designed for use by enterprises, governments, merchants, developers, decentralized payment networks and stable coins.
For further information, visit COTI and peaq. You can also read COTI’s technical whitepaper and browse our GitHub page.
