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Deepit Partner Up With POA Network For Accelerating DeeCert & eviDance

06 August 2019

In our previous article we introduced DeeCert platform, which is an event and file certification system working on the Ethereum blockchain by utilizing Non Fungible Tokens (ERC 721) as certificates.

DeeCert uses some technologies already existing and tested, such as Universal Login to guarantee an easy access to the user and IPFS for a decentralized storage of the files to be certified.

 

Today we are pleased to announce a partnership with POA Network, a team that offers cutting-edge technology to allow various ethereum-like blockchains to connect and interact with each other, reaching a high level of interoperability and scalability.

 

We would like to extend to DeeCert and its consumer version “eviDance” the ability to handle a large number of transactions at extremely low costs and with the highest speed, but at the same time we didn’t want to give up the security offered by a public blockchain as Ethereum.

 

Hence our choice is to utilize a sidechain to implement the correct solution

provided by DeeCert. After prolonged and in-depth analysis of the various projects on the market, we chose a layer 2 solution, which was developed by POA Network.

 

Our San Francisco team has developed several products including xDai Stable Chain, the first blockchain based on a stablecoin (Dai) currency that allows the creation of an ecosystem with limited and stable interaction costs.

 

POA Network’s TokenBridge is a tool that allows interoperability between different blockchains for ERC-20 Tokens, and our team together with POA Network are working to extend its use to Non Fungible Tokens under the ERC-721 standard.

 

Arbitrary Message Bridge (AMB)  is technology aiming to achieve a complete

interoperability between the Ethereum mainchain and the ethereum-like sidechains as POA-Network or xDAI, and where the passage of the erc-721 token is also based on.

 

Deepit and POA Network are planning to further nurture the technical collaboration and the operational synergies, as well as jointly attend a series of events in the coming months, in order to introduce the fruits of the established partnership so stay tuned for further news about that!

 

About POA Network

POA Network develops products for people who believe that the Ethereum protocol must be cheap, fast and scalable. POA Network has a growing ecosystem of open-source projects that deliver key solutions for the Ethereum community including the open-source full-featured block explorer BlockScout, an array of Bridges for interoperability between EVM chains powered by the TokenBridge and Nifty Wallet to focus on usability of real-world applications. For more information visit poa.network

 

About Deepit AG

Deepit AG was founded in 2018 by a number of entrepreneurs linked by a long experience and a great passion for blockchain technology and cryptocurrencies.  We strongly believe that these technologies will be increasingly present in all social and economic contexts, so we gave Deepit a mainly B2B footprint to seize the countless opportunities coming out from industrial activities.  Our activity is spread over three Business Units: Deepit Tech, Deepit Consulting, Deepit Academy.  More information at  www.deepit.ch 

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