Introducing Quadrata: Web3 Identity Passport network
TL;DR: Quadrata is a Passport Network bringing the identity and compliance layer to DeFi applications on existing public blockchains such as Ethereum. Smart contract applications will be able to leverage Quadrata’s proprietary technology to natively access KYC/AML status, country of residence as well as credit reputation and accredited investor status of Quadrata passport holders in the future.
The need for Permissioned DeFi
As an avid builder and user of DeFi applications during the past 4 years, I have developed a strong conviction for the need for Permissioned DeFi as blockchain will be a central piece of technology powering the growth in global financial services in the next 5–10 years.
The composability, transparency, short settlement time, immutable audit trail, innovation of AMM, and global decentralized ledger; all are properties in which DeFi applications can do better than traditional financial services. If DeFi is so much stronger, why is the adoption of DeFi so slow? What limitations prevent more capital from flowing into DeFi?
Having built products utilizing blockchain technology for major financial institutions over the past 4 years, I’ve learned:
1) there is strong appetite from traditional financial companies to build and deploy capital to DeFi;
2) mass institutional adoption of DeFi is hindered by the permissionless nature and the lack of more compliance aware DeFi products;
3) although the current DeFi approach is revolutionary, real adoption needs a much broader set of financial services beyond over-collateralized lending and speculative trading;
Anatoly Crachilov, the CEO of Nickel Digital Asset Management, believes the opportunities emerging in DeFi space are on the radars of forward-looking institutional investors and can attract billions of dollars’ worth of capital. However, their large-scale engagement is predicated upon continued compliance with KYC/AML regulatory requirements.
He says, “Institutions all over the world are seeking effective onchain KYC attestation solutions which could alleviate the risk of potentially commingling their capital with counterparties without proper KYC screening. Quadrata’s solution will contribute to advancement of industry standards.”
Announcing Quadrata
Enabling DeFi to reach its full potential. Our mission is to become the standard infrastructure providing the compliance and identity layer for DeFi applications.
Web3 companies building on Ethereum can leverage Quadrata passports and provide more compliance aware services, accelerating financial institutions’ adoption and influx of new capital currently sitting on the sidelines.
Smart contract applications will be able to leverage Quadrata’s technology to natively access KYC/AML status, Country of Residence, Credit Reputation and Accredited Investor status of Quadrata passport holders.
More data, more use cases. Quadrata network’s goal is to empower the next generation of decentralized applications bringing both existing and new innovative financial services to DeFi.
Join Quadrata Network
For Web3 Companies - Integrate your Dapp
Quadrata smart contract uses the ERC1155 token standard, and is built with user privacy and decentralization as core values. Any DeFi application can seamlessly integrate with Quadrata smart contract with 1 line of code. Yes, it’s that easy!
For Users - Claim your passport
With a one-time verification process and continued monitoring, Quadrata Passport holders can easily access all trusted Dapps in our network. Claim your NFT Quadrata Passport.
We’re building Quadrata and enabling the future of DeFi, and would love for you to play a role in our development. We welcome you in our Discord to chat if you have any ideas, questions or just to say “gm”.
Thank you for being a part of the Quadrata journey!
We’re hiring! Interested in joining? Email us at contact@quadrata.io
Website: https://www.quadrata.io
Discord: https://discord.gg/67QgzrymHW
Twitter: https://twitter.com/QuadrataNetwork
