AllianceBlock, a protocol that allows financial institutions to access opportunities in decentralised finance through compliant and data-driven products based on blockchain technology, has introduced a new technical roadmap.
The roadmap outlines the milestones the AllianceBlock team will push to achieve its goal of bridging the gap between decentralised finance (DeFi) and traditional finance (TradFi) by resolving issues in both domains of finance and linking the two worlds together.
By combining products designed to propel and galvanize the DeFi industry, as well as improve the current situation of traditional finance, AllianceBlock is building the next generation of financial infrastructure.
AllianceBlock’s Net Technical Roadmap
AllianceBlock will launch a comprehensive product suite as part of its new technical roadmap, which will enable the creation of tomorrow’s comprehensive financial infrastructure.
Team members have drafted innovative solutions, such as decentralised interoperability, white-label campaigns for liquidity mining, and trustless user identification within the past year.
As a result, a series of partnerships and strategic collaborations are taking place between Hereum, Avalanche, Binance Smart Chain, and Elrond.
As DeFi veterans, CEO and co-founder of AllianceBlock, Rachid Ajaja said, “We’re proud to be the first users of our own solutions. As product developers, we’ve been actively addressing industry needs.”
Meanwhile, AllianceBlock has witnessed massive changes in institutional attitudes toward digital assets in the past 12 months across all phases of the global financial system and beyond.
Rachid Ajaja noted that even though the winds had changed, what the industry still lacked was a stable channel through which banks can trade digital assets legally, safely, and securely.
AllianceBlock has a solution.
Rachid Ajaja said that in line with their technical roadmap, the company was looking forward to launching new products and reaching new milestones in their journey to bridge decentralised and traditional finance. The team focuses on real-world solutions, not simply theories.
As part of AllianceBlock’s technical roadmap, the company has set out products and milestones designed to address the challenges faced by projects operating at the intersection of traditional and decentralised finance.
AllianceBlock has developed a three-layer product suite to solve these challenges: the DeFi and Data layers, and the Regulatory and Compliance layers.
- Using the DeFi Layer Alliance Block offers cross-chain interoperability, white label liquidity campaigns using Alliance Block LMaaS (Liquidity Mining as a Service), and aims to reduce impermanent losses for traders using Alliance Block DEX. Through AllianceBlock Terminal, the “Bloomberg of DeFi”, users are able to access a peer-to-peer lending protocol with a comprehensive analytics dashboard that can be used in DeFi strategizing.
- Through the AllianceBlock Data Tunnel, AllianceBlock enables DeFi and traditional finance companies to properly utilize massive amounts of data that they produce and monetize.
- With AllianceBlock TIDV (Trustless Identity Verification) and the AllianceBlock Cross-Border Regulatory Compliance Rules Engine., DeFi projects, protocols, and DEXes can introduce scalable compliance frameworks that allow them to thrive in the regulatory environment as well as open the door to institutional players to participate in DeFi.
AllianceBlock’s Offerings Will Open Up New DeFi Projects Investment Opportunities
With AllianceBlock’s LMaaS, AllianceDEX, and Fundrs offerings, DeFi projects will have access to new liquidity and investment opportunities. Meanwhile, with its Trustless IDentity Verification framework (TIDV), AllianceBlock addresses this industry need for KYC compliance.
This means DeFi will be able to attract substantial investment from conventional financial institutions once it operates in this way.
By developing AllianceBridge, DeFi projects of all sizes can benefit from decentralized and scalable interoperability, and as a result, AllianceBlock’s partners, clients, and extensive product suite will be fully integrated.
Finally, through the AllianceBlock Data Tunnel, the huge amount of data they produce will be able to be leveraged.
A range of products from the three-layer product suite will be released over the next 12 months.
“As a team with years of first-hand experience, our team understands the obstacles traditional financial institutions face when it comes to accessing DeFi,” said Mattijs de Vries, CTO and Co-founder of AllianceBlock.
He also added, “We have built a protocol and supporting products aimed at empowering legacy financial institutions by solving those problems and providing compliant access to innovative DeFi investment opportunities. We know that traditional finance has standards.”
AllianceBlock’s Roadmap To Bridge The DeFi and TradFi Gap
Mattijs de Vries noted that the with the DeFi products, AllianceBlock is building, players can save time, money, and increase efficiency without having to worry about compliance. The team looks forward to implementing their roadmap and reaching new milestones.
AllianceBlock’s mission has always been clear: providing a compliant gateway between centralised and decentralised finance via the creation of a new generation of infrastructure.
In the past three years, the company has been making tremendous strides towards becoming a hallmark player in the DeFi industry through partnerships and collaborations led by a team experienced in traditional finance, DeFi, technology and software development. It has partnered with Chainlink, Hedera Hashgraph, Ava Labs, Avalanche, Elrond, Ocean Protocol, Injective Protocol, Orion Protocol, Edgeware, and many more.
Devraaj, a technology and professional services company, is developing and leveraging AllianceBlock’s technology.
Originally published here