Curated News
By: NewsRamp Editorial Staff
April 26, 2024
Jiritsu Network Launches Layer 1 with Avalanche's Subnet Technology
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Discuss on SubstackTLDR
- Jiritsu Layer 1 launch provides Everready with a competitive advantage in verifying $20M+ daily inventory, setting new standards in asset management.
- Jiritsu Layer 1, built on Avalanche's Subnet technology stack, uses Zero-Knowledge Multi-Party Computation (ZK MPC) to verify and transact real-world assets on-chain.
- Jiritsu's launch aims to reshape digital asset transactions, enhancing transparency, security, and trust, making the world a better place for asset management.
- Jiritsu's ZK MPC technology unlocks more robust asset tokenization, providing expanded options for security, authentication, and efficiency in managing real-world assets on-chain.
Impact - Why it Matters
The launch of Jiritsu Layer 1 signifies a significant advancement in digital asset management and on-chain verification. This technology has the potential to reshape digital asset transactions, enabling new opportunities for investment and ownership across various sectors, ultimately enhancing transparency, reliability, and efficiency.
Summary
Jiritsu Network launches Layer 1 with Avalanche's Subnet technology stack, aiming to revolutionize the verification and transaction of real-world assets on-chain. Everready Group, a major retailer, is the first to adopt Jiritsu's 'Proof of Inventory' product, verifying over $20M in daily inventory using ZK MPC technology.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Jiritsu Network Launches Layer 1 with Avalanche's Subnet Technology
