The AllianceBlock Crypto Project is a blockchain protocol that creates a decentralized capital market with global compatibility. Developed on top of Ethereum, the ALBT Coin is defined as the backbone of the project implemented by Rachid Ajaja, Matthijs de Vries and Dr Amber Ghaddar. Read on to learn more about the AllianceBlock project.
What is AllianceBlock Crypto (ALBT)?
AllianceBlock Crypto is a project with very high ambitions. The project states that its mission is to bridge the gap between Decentralized Finance and Traditional Finance. A lot of capital is left behind as large institutions and funds cannot participate in the crypto space as compliance and regulations are being sorted out.
The AllianceBlock Crypto Project wants to solve the heart of the problem; AML (Anti-Money Laundering), KYC (Know Your Customer) and international compliance so everyone can invest in crypto and tokenized assets with ease. This will lead to greater adoption by institutions and retail investors.
Main projects:
- Defi Terminal – Alliance Block The Defi terminal would be the one stop shop for all things Defi. Liquid staking, pooling, swapping, tokenized investing, NFTS and much more.
- Alliance Bridge – The project is building its own bridge to be used across its ecosystem, it has partnered with many cross-chain solutions such as Chain Link and Quant Network.
- Alliance DEX – Your own decentralized exchange for a seamless transition from Tradfi to Defi.
- Alliance Block Data Tunnel – Efficient use of data for financial institutions to monitor their data and monetize.
How does the AllianceBlock Crypto (ALBT) project work?
The ecosystem is divided into three different layers. Each tier has a specific purpose and individually help DeFi projects grow while also attracting traditional financial markets.
DeFi layer
At the DeFi layer, they offer cross-chain interoperability. This makes it possible to communicate with other existing blockchains to allow mApps to be made here, among other things. Also, this provides extra liquidity and volume. It is also working on its own decentralized exchange, better known as DEX. Users have access to a dashboard where they can consult all the data analysis and information that the protocol uses.
data layer
Data is, of course, essential in this overledger between the traditional financial market and the world of DeFi. The AllianceBlock Data Tunnel collects massive amounts of data for use in DeFi projects and traditional financial institutions.
Regulation and compliance
The world of DeFi has a lot of freedom thanks to the lack of a know-your-customer procedure. Such a procedure is standard in the traditional financial world. After all, you cannot open bank accounts without identifying yourself. At this layer, the AllianceBlock protocol allows DeFi projects, protocols and DEXs to introduce a scalable regulatory framework that can help them grow even further so that institutional organizations can participate in the world from DeFi.
Integration
New parties can join AllianceBlock to bridge the gap between traditional finance and the DeFi world. AllianceBlock verifies the identity of the person or organization. This is a procedure to know your customer, but also an AML (Anti-Money-Laundering) check. After this verification, this data is automatically sent to the structure that takes care of all legal matters. For example, an investor profile is created on the AllianceBlock platform.
Once active on the platform, your personal profile is used to match projects that match your investment preferences. For example, you may only be interested in interoperability with NFTs or DEX. These are all optional. This profile then receives a certain reputation score. This reputation allows them to build authority on the platform, for example by setting up projects, running promotions or giving feedback to the community.
This score is essential and is also part of the consensus mechanism that AllianceBlock uses. Investors can promote a project they believe in using their governance role. This entry will depend on their reputation score, whether or not they are allowed to participate, and/or how weighted their vote will be. It keeps it democratic.
AllianceBlock Crypto Ecosystem (ALBT)
The AllianceBlock Crypto project is, so to speak, a bridge that connects all financial markets and makes communication and operational functioning possible. As you can see in the example below, it connects almost every aspect. Currently, the TradeFi investment market, traditional finance, is diametrically opposed to the DeFi world for several reasons. The AllianceBlock ecosystem wants a huge financial marketplace where the possibilities are endless.
The traditional financial investment market is characterized by private banks and stock exchanges, etc. but they don’t offer access to the world of DeFi. On the other hand, the DeFi world also lacks access and integration into the traditional market. Both markets also function completely differently and are based on different principles, which is why it is necessary to allow both markets to communicate with each other and achieve integration efficiently and effectively.
Oracles
If necessary in the implementation is the use of oracles. This will go through the use of smart contracts, collecting external data and implementing it on the blockchain. It extracts off-chain data and uses it to perform on-chain analysis and implementation. To make this possible, AllianceBlock has partnered with ChainLink (LINK).
Global interoperability: Overledger
Currently, we have several blockchains, each of which is undergoing beautiful development and growing in turn. For example, the Ethereum ecosystem is currently the most dominant, with several decentralized applications (dApps) being created to create more applications. While this is essential for the development of cryptocurrency, the communication of this ecosystem with other blockchains is still difficult.
This creates a need for global interoperability. And this is accomplished by the overledger principle. This overledger is a blockchain operating system that connects to other blockchains, but also connects existing networks with blockchains. This allows the creation of multi-threaded applications, better known as mApps. This development is a breakthrough in crypto technology.
alliance bridge
Alliance Bridge is a fast, secure, decentralized and open source interoperability solution that helps DeFi overcome the limits of a fragmented blockchain space. It is completely chain agnostic and is built for blockchain interoperability. It can be used natively on target blockchains and could drive mass adoption and seamless inter-blockchain compatibility features that DeFi strives for – but has so far failed to achieve.
Alliance Bridge allows applications built on different blockchains to communicate and interact with each other, something that has never been possible before, therefore unlocking innovative development for the blockchain space as a whole. At launch, Ethereum, BSC, Avalanche and Polygon – four of the major blockchains and protocols – are supported, with features to add new blockchains built into the AllianceBridge protocol.
Unlike most bridges that have a centralized relay and/or have direct control over the tokens (e.g. using pools on each network so they don’t have to wrap tokens to bridge); AllianceBridge does everything in a fully decentralized way, using Hedera Consensus Services.
AllianceBlock Data Tunnel
AllianceBlock Data Tunnel MVP, a data marketplace that allows data providers in DeFi and traditional finance to benefit from access to users of both spaces. The Data Tunnel makes it possible to publish, monetize and use data in a decentralized and simple way, without the need to understand blockchain, ensuring traceability, transparency and trust, the company said.
AllianceBlock’s scalable cross-chain data tunnel also simplifies usability for data consumers and developers through a standardized output format. Features include full support for files of any size; revenue sharing; a subscription service; a native query language; and payment through ALBT, the AllianceBlock token.
AllianceBlock Crypto:DEX
Thanks to DeFi, investors have greater transparency, decentralization and enable peer-to-peer transactions. To bridge the gap between traditional funding and decentralized funding, they want to launch their own decentralized exchange. The ALBT token is the basis of this exchange. Transactions and all associated costs will be made with the ALBT token. Due to the principle of overledger and interoperability, they want to use this DEX to become the dominant decentralized exchange where all kinds of tokens can be traded, cross-chain.
The AllianceBlock Crypto Project DEX works like other Automated Market Makers (AMMs) like UniSwap, but with a new mathematical structure and approach to minimize the temporary loss problem. This new mathematical formula improves the world of DeFi and opens up the world of DeFi to new investors thanks to its reduced risk.
ALBT Token
The ALBT token is the native currency of the Alliance Block ecosystem that is used for transactions, securing the network and fees. It has a maximum supply of 1 billion tokens and less than half of them are in circulation. ALBT cryptocurrency serves as a multi-purpose tool to be utilized as the primary medium of exchange, means of reward for ecosystem participants and network fee payment mechanism.
In addition, the ALBT token will act as the currency reserve for the ecosystem’s reserve pool and as a governance token for voting and empowerment. There is a circulating supply of 232,955,783 ALBT coins and a maximum supply of 1,000,000,000 ALBT tokens.
Bottom Line
AllianceBlock was developed with the aim of creating a bridge between traditional and digital capital markets that all participants can benefit from by engineering traditional finance with today’s technology . To fulfill its mission, the decentralized blockchain solution works with decentralized projects like Quant, Holo, API3, Ocean and Chainlink to produce joint solutions. PortalCripto hopes that the article has brought the necessary information about the AllianceBlock project.
