Parity Technologies

by Parity Technologies

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Polymath

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IPFS

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Parity Technologies

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Polymath

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IPFS

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What problem does this service solve?

Parity's software makes it easier for organizations, end-users, and developers to use blockchain.Polymath is developing a platform to make it easier for companies to create regulated security tokens to raise capital.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.

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Company Description

Parity Technologies is an influential blockchain development company that offers a variety of open-source software solutions for creating and using decentralized technologies. Some of their solutions include Ethereum and Bitcoin clients, cross-chain technologies, smart contracts, testnets, and cryptocurrency wallets. The company was created by Gavin Wood, the co-founder of Ethereum.

Polymath is a blockchain-based protocol that makes it easier to raise capital and create security tokens. The Polymath ST-20 standard embeds regulatory requirements into the tokens themselves, restricting trading to verified participants only. The protocol simplifies the complex technical challenges of creating a security token and aims to bring the multi-trillion dollar financial securities market to the blockchain.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

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