We have created a new crowdloan to compete in Auctions 40 and 41. The crowdloan will be open from 9th of Feb through the 4th of March. The terms of the crowdloan will be the same as before. Six percent (6%) of the total HASH supply will be provided in exchange for locking 125,000 DOT for the course of a two-year lease.

In addition to the base reward, if a slot is secured, contributors of the prior crowdloan will receive a 20% bonus. Please (re-)contribute your DOT today.

Thank you very much from the Hashed Network community!

Self Custody is taking responsibility for one’s digital assets. Instead of trusting an exchange or custodian to hold your coins, you store them yourself. This means only you are in control of your funds, not the successful entrepreneur, philanthropist and crypto-mogul of your favorite exchange.

Ok, it all sounds great, but we’ve also heard about the guy digging in a dump because he threw away a laptop with the private key to 8,000 Bitcoins. Can we trust ourselves, our partners, employees or family members to take care of private keys properly?

For the full potential of crypto to become a reality in organizational treasuries, we need to answer yes with confidence. This is why Hashed Network built Native Bitcoin Vaults (NBV). We wanted to make self-custody easy and safe (from others and us). So we created a step-by-step Multisig account wizard that provides redundancy in case private keys are lost. Proposal support and coordination, air-gapped wallet support etc. You can find the technical details about NBV here.

The bear market won’t last forever. Businesses, organizations, and DAOs will want decentralized solutions to manage the funds. Think budgets, payroll, withdrawals, and expenditures.

A Web3 foundation grant supported NBV’s phase one. You can check the progress on this video, and we’d love to hear about use cases or feedback you want to share.

Hashed Network has an active Crowdloan. For any comments or questions, you can reach us at hello@hashed.network

Hashed Network also won’t be able to participate in future crowdloans without creating a new one.

What happened? Apparently, crowdloans cannot span batches of auctions even though the pallet allows it. So even though our crowdloan end date is Feb and tokens will be locked until then, it was only competing for slots 33 and 34 because that’s when we opened it. It never even competed against Pendulum, we just didn’t know it yet.

This is disappointing. We want to bring real-life use cases and help develop and strengthen the Polkadot ecosystem, but the stars still need to align. We feel and share your frustration, but this is outside our control.

We’ll continue focusing on what we can control, like supporting our launching partners and driving organizational adoption. We remain committed to our project. Updates will be shared on our Twitter and Medium accounts.

The operational and efficiency gains of using blockchain technology will become increasingly clear. According to Accenture’s Assessing value report, 70+% of businesses are implementing or evaluating a blockchain application.

At Hashed Network, we have been at the forefront of this revolution, developing solutions for organizations that leverage blockchain for innovative products. We believe there is a significant opportunity to gain operational efficiency as well. Below are some of the value propositions of uses cases we’ve implemented:

Fractionalize without loosing scale.

This use case comes alive when you think about tax credits. They’ve existed for decades but you’ve never heard of them. Why? Because it’s expensive to fractionalize $1M on tax credits, so even though retail would pay a higher price, only large firms benefit from them.

Fractionable NFTs solves this. You can grant provenance at scale and streamline the process so the tax credit owner benefits from higher prices and retail can lower their contributions to the IRS.

Blockchain can reduce the costs associated with processing transactions.

By eliminating the need for third-party intermediaries, blockchain can significantly reduce transaction times and associated costs. Furthermore, blockchain-based transactions are more secure and less prone to fraud or misuse.

Blockchain can improve the transparency of an organization’s operations.

By creating a distributed ledger that is visible to all parties involved in a transaction, blockchain can ensure that all parties are working with the same set of data. This feature can help reduce the potential for fraud or mismanagement of funds.

Blockchain can increase the speed and accuracy of data processing.

By removing the need for manual data entry, blockchain can ensure that all transactions are recorded accurately and quickly. Since blockchain is used to transfer value, this makes blockchain an accountant’s dream. Immutable, trustworthy financial data.

An organization’s main business intelligence challenge is getting to “one version of the truth” and blockchain solves this. Helping organizations make better-informed decisions.

At Hashed Network, we are committed to helping organizations unlock the business value of blockchain.

Whether you want to leverage it for innovation, increased operational efficiency, or cost savings, Hashed Network can help you.

Web3 Foundation funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland by Ethereum co-founder and former CTO Gavin Wood. Polkadot is the Foundation’s flagship project.

Louise W. Reed, founder and CEO of Afloat, values Polkadot’s network, stating, “Instead of Afloat operating in a competitive environment in isolation, we are excited to join the cooperative, global ecosystem of technology infrastructure and talent that Polkadot brings to the table.”

In Afloat’s case, a set of tax credits for sale from a seller is considered one NFT to be divided as buyers determine the amount they will purchase. In this milestone, Afloat’s backend team grouped the data of each fractionalizable NFT, called “fruniques,” into three different levels of public access: Public Header Data, Public Large Data, and Private Data.

While any company or marketplace can benefit from fruniques and its accompanying layers of privacy, Afloat’s “Public Header Data” includes type of tax credit, expiration date, state, and amount. “Public Large Data” references public documents about the tax credit, and “Private Data” contains personal information, certificates of authenticity, and any other private supporting documentation. In the next milestone, this technology will be completed on the frontend and will be accessible to users on Afloat’s website.

This open source blockchain solution, accessible through GitHub, will not only help Afloat but also other companies coming in behind them and onboarding their own marketplaces. Currently, the functionality runs on Hashed Network, a Polkadot parachain candidate. If it were to become connected later this year, it would inherit the full security of the Polkadot relay chain. In the future, companies will be able to operate their own node to earn tokens and to make the blockchain more reliable for their users.

Thomas Howell, Afloat’s head programmer, comments, “We are extremely excited to join the Polkadot community and to leverage the increased transparency and security of the Polkadot platform to give our users an even better experience.”

The parallel chains of the Polkadot ecosystem are a stronger infrastructure for doing business than the initial single blockchain model of bitcoin and Ethereum, and the security of Polkadot’s blockchain solution will allow Afloat to integrate into the community with a public parachain instead of a private one.

Marketplaces represent a significant portion of blockchain use cases, and Afloat supports user-marketplace applications that a marketplace administrator can approve or reject. Open source, compliant, and confidential gated marketplaces lower the barrier for marketplaces to join the Polkadot ecosystem.

The founder of Hashed Systems DAO LLC, Max Gravitt, explains his excitement, saying, “Hashed Network is launching on Polkadot because the powerful Substrate framework provides us the most flexibility to deliver on the needs of users and partners. The composable design allows us to build solutions without sacrificing security, performance, or usability. This, along with Parity’s proven technical leadership, is why it is the fastest growing web3 developer community. We’re just getting started.”

By Abigail Olson

Now is the time to innovate in the EB5 fund administration due to the recent passage of the EB5 Reform and Integrity Act of 2022. This legislation mandates that EB5 funds have an independent, third-party fund administrator with the goal of adding additional integrity measures and boosting investor confidence in the EB5 industry.​

Who is PRXY?

PRXY is the software provider of a purpose-built application for EB5 fund administrators on substrate (Hashed Network). It’s platform is used to manage large real estate projects in Manhattan and other American cities. Demand for the platform is rapidly growing and is currently processing $1B+ in development funds.

The platform enables:

• Recording inbound investments,
• Tracking budget to actual for projects,
• Submission of funding requests (“drawdowns”),
• Allows fund administrators to review, approve, and transmit funds,
• Calculates jobs created by the expenditure of EB5 capital, an important metric in the process.

EB5 Proxy is leading the way to capture the market and is the only option that is backed by the security of blockchain.

What is an example of an EB5 Proxy Project?​

The 11th Ave Marriott Hotel in midtown Manhattan uses EB5 Proxy software to manage drawdown requests from the builder for items such as concrete, environmental studies, and furniture. The requester uses Confidential Documents (CD) to encrypt and upload files/data to a drawdown request, and that transaction also shares the data.

Augusto Lara, Hashed Systems DAO LLC Co-founder, posing with the under construction 11th Ave Marriott Hotel in the background

What type of documentation and process are secured on-chain?​

Expenses documentation, budgets, operational expenses and revenue, etc. All this data is used to authorize payments from the investor escrow to the developer and calculate jobs.

What is the role of the blockchain in the application?​

Hashed Network features fund administration primitives that secure the process of shared funds, with support for integrating payment systems that may or may not use a blockchain.

These primitives integrate with Hashed Network pallets such as bitcoin vaults and role-based access control. The Network also integrates with Wyoming Special Purpose Depository Institutions (SPDI). SPDIs “conduct activity under Wyoming regulations tailored to digital assets, which address issues such as technology controls, transaction handling, and custody operations for digital assets.” wyo.gov

EB5 Proxy users receive significant value even without a final settlement occurring with digital assets. A payee can submit a drawdown request with appropriate backup info; the banker role reviews and processes the payment using any method and then attest that it was completed in the app. Users love how the single source of information for a project is in “one place” and how much time they save.

Another inherent benefit to the platform is proof-of-existence guarantees for documentation.

To learn more, check out the extended technical post here.

Hashed Network has an active Crowdloan. For any comments or questions, you can reach us at hello@hashed.network

Everyone arrived at noon on Friday, checked into the hotel, and grabbed lunch while enjoying the sea views. After two hours of downtime, we headed to our company meeting.

One of the main reasons to get the team together was to recap a successful year and share plans for the next year. We gave an industry update and talked about doubling down on Substrate and launching a parachain. We also discussed the importance of quality, polish, and what it means to live up to our Elite Builder ethos.

The next day we had our team activity: a paddleboard loop from Cancun’s Nichupte Lagoon to the Caribbean Sea. The lagoon waters were calm. We stopped by a quiet beach and took a refreshing swim. Someone was bitten by something and screamed hysterically (that someone might have been me).

To get to the sea, we had to go under a bridge large enough for boats to go through. This is when the weather started to change and, in an instant, we were paddling under heavy rain with the wind against us. This meant we had to frantically paddle on only one side to avoid being pushed over by the wind. The situation felt dangerous and our WFH bodies were in pain. The thought “If I die, no one knows about my tokens” crossed our minds. With renewed determination, we made it. We were sore, wet, and cold, but happy.

The next day we had surfing lessons, and by noon, everyone was on the way home.

Like most, I love not having to go to the office, but there is something very special about in-person time. We are a young team (using “we” generously with me). Most of our Engineers were hired during the pandemic. A generation for whom WFH is normal. But the experience of discussing exciting news in person, swimming, and enjoying the sun together can’t be replaced. Good things are better with friends to share them.