blockchainreporter.net
In a monumental stride towards revolutionizing asset management, Jiritsu Network, in collaboration with Avalanche, has announced the launch of the Jiritsu Layer 1 blockchain. This innovative platform, powered by Zero-Knowledge Multi-Party Computation (ZK-MPC) technology, aims to reshape the landscape of asset management by enabling the verification and tokenization of previously unverifiable assets.
The introduction of Jiritsu Layer 1 represents a paradigm shift in the industry, particularly in sectors such as private equity, real estate, and supply chain logistics. By leveraging ZK-MPC technology, the platform facilitates secure verification and on-chain authentication of assets, significantly reducing the barriers to tokenizing real-world assets (RWAs). This breakthrough not only streamlines asset transactions but also enhances privacy, security, and trust in the process.
Jiritsu is proud to announce the launch of our Layer 1 blockchain in partnership with @avax.
— Jiritsu Network (@Jiritsu_Network) April 26, 2024
This introduces a groundbreaking approach to tokenizing and managing real-world assets through Jiritsu's own ZK-MPC technology, starting with Everready's $20M daily inventory. pic.twitter.com/43dM3aixaW
Avalanche, a leading blockchain platform, has played a pivotal role in this endeavor through its strategic collaboration with Jiritsu Network. By integrating Jiritsu Layer 1’s cutting-edge ZK-MPC technology into its platform, Avalanche has reinforced its position as an industry leader and expanded its capabilities to manage real-world assets with unparalleled security and efficiency.
The significance of this partnership is exemplified by Everready, a prominent player in 2P e-commerce, which has become the first to adopt Jiritsu Layer 1 technology. By integrating “Jiritsu Proof” to secure and authenticate its inventory, Everready now oversees approximately $20 million in daily transactions across over 100,000 product SKUs. This implementation not only enhances Everready’s operational capabilities but also sets a new standard for transparency and trust in e-commerce transactions.
Enhancing Digital Asset Management
The deployment of Jiritsu Layer 1 marks a pivotal moment in the journey towards democratizing access to asset transactions. By making previously unverifiable assets verifiable and tokenizable, Jiritsu Network and Avalanche are paving the way for a new era in asset management across various industries.
The launch of Jiritsu Layer 1 represents a significant milestone in making digital asset management more accessible, efficient, and secure. Jiritsu Network has shown its excitement to partner with Avalanche to bring this transformative technology to market and empower businesses to unlock the full potential of their assets.
As we move towards a more digitized and transparent world, the innovations brought about by Jiritsu Layer 1 are poised to play a crucial role in shaping the future of global asset management. With its focus on tokenization and verification of real-world assets, Jiritsu Network continues to lead the way in blockchain innovation, ushering in a new era of asset transactions that are secure, transparent, and accessible to all.