Verifying RWAs for Tokenization: Jiritsu Layer 1 Goes Live with Avalanche
Introduction
Jiritsu Network, in collaboration with Avalanche, proudly announces the launch of the Jiritsu Layer 1 blockchain, a game-changing technology powered by Zero-Knowledge Multi-Party Computation (ZK-MPC). This pivotal advancement promises to transform the landscape of asset management, particularly in complex sectors such as private equity, real estate, and supply chain logistics by making previously unverifiable assets verifiable and thus tokenizable.
Everready, a prominent player in 2P e-commerce in partnership with Amazon FBA, has become the first to adopt this groundbreaking technology by integrating “Jiritsu Proof” to secure and authenticate its inventory. This system now oversees roughly $20 million in daily transactions across over 100,000 product SKUs.
Revolutionizing Asset Verification
The core of Jiritsu Layer 1’s innovation lies in its utilization of ZK-MPC technology, which enables the secure verification and on-chain authentication of assets that were previously difficult to verify and tokenize. This technology significantly lowers the barriers to tokenizing real-world assets (RWAs), reducing the friction, cost, and time associated with traditional asset transactions, while simultaneously enhancing privacy, security, and trust.
Avalanche’s Strategic Collaboration
Avalanche, a leader in blockchain technology, has deepened its commitment to RWA tokenization through this partnership. By integrating Jiritsu Layer 1’s cutting-edge ZK-MPC technology into its platform, Avalanche is not only reinforcing its position as an industry leader but is also expanding its capabilities to manage real-world assets with unmatched security and efficiency. This collaboration is a testament to Avalanche’s ongoing innovation and its mission to provide robust blockchain solutions that meet the complex needs of modern finance.
Everready: A Case Study in Innovation
Everready, a leader in 2P e-commerce partnered with Amazon FBA, is the first to implement Jiritsu Proof to secure and verify its extensive inventory. By leveraging this novel technology, Everready now manages approximately $20 million in daily transactions across more than 100,000 SKUs, setting a new standard for transparency and trust in e-commerce transactions. This not only enhances Everready’s operational capabilities but also exemplifies the practical benefits of integrating blockchain technology into traditional business models.
Empowering the Future
The deployment of the Jiritsu Layer 1, powered by ZK-MPC technology, is not just a technical achievement; it’s a transformative movement towards democratizing access to asset transactions. By making previously unverifiable assets verifiable and thus tokenizable, Jiritsu Network and Avalanche are opening new doors for investment and ownership, reshaping the future of asset management across various industries.
The collaboration between Jiritsu Network and Avalanche represents a significant leap forward in the blockchain and asset management sectors. As we move towards a more digitized and transparent world, the innovations brought about by Jiritsu Layer 1 will undoubtedly play a crucial role in shaping the landscape of global asset management
About Jiritsu Network
Jiritsu Network is at the forefront of blockchain innovation, focusing on the tokenization and verification of real-world assets through advanced ZK-MPC technology. The launch of Jiritsu Layer 1 marks a significant milestone in making digital asset management more accessible, efficient, and secure, paving the way for a new era in asset transactions.
