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Parity Technologies joins Trace Alliance’s working group on decentralization and tokenomics

Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain. There have been a plethora of recent developments within the Polkadot ecosystem, including the successful transition of the Polkadot network towards the mainnet launch. This marks an important milestone as the key value propositions of the network are becoming fully available for the Polkadot community, which now extends to the Trace Alliance as well.

As Parity Technologies joins the Trace Alliance partnership, another important development reaches a milestone. As of today, September 9th, the first Trace Alliance working group, “Decentralization and Tokenomics,” has been launched. The focus of the working group is to find innovative solutions to bring the OriginTrail ecosystem closer to the vision of blockchain agnosticism. As written in the OriginTrail whitepaper (2017):

Representing Parity Technologies in the working group will be Fabian Gompf, VP of Technology Partnerships. The first task of the working group will be to ensure OriginTrail consensus layer scalability requirements of the fast-growing adoption which includes S&P 500 companies, EU consortia, and the leading standards body using the OriginTrail Decentralized Knowledge Graph. The newly started group is expected to deliver the first report of the working group’s deliberations as early as October. Stay tuned for this significant update!

About Parity Technologies

Founded by blockchain pioneers, Parity Technologies is now a team of 80+ in nine countries. Their team includes some of the leading p2p networking developers, consensus algorithm inventors, blockchain innovators, and Rust developers. Their core work includes building Substrate, Parity Technologies’ modular blockchain development framework, and Polkadot, a protocol of protocols to connect the future Web 3.0.

For more information about Parity Technologies, please visit https://www.parity.io.

About Trace Alliance

Based in the European Union, the Trace Alliance is a non-profit association within the OriginTrail ecosystem. It functions as an inclusive, collaborative hub to connect all organizations aiming to work together to solve complex supply chain challenges using blockchain technology. The Trace Alliance acts as a platform for sharing knowledge and experience from real-world blockchain implementations, allowing members to connect and pursue joint projects, creating new expertise and facilitating the adoption of blockchain technology on a global level. Existing members of the Trace Alliance include Deloitte, EVRYTHNG, TMA Solutions, Emurgo, Ivan on Tech Academy, and 100 + enterprises and service providers.

For more information about Trace Alliance, please visit https://alliance.origintrail.io.
For more information about OriginTrail, please visit https://origintrail.io.

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The Decentralized Knowledge Graph - Making global economy work sustainably by organizing humanity’s most important knowledge assets.