Persistence is an Interoperable Middleware that provides sovereign environments for Decentralised Institutional Finance Applications to be developed and operated. The Persistence architecture and technology stack was created while being cognizant of some of the core problems of today’s economic structure problems and after several iterations of attempting to solve them.
The Persistence Technology Stack
The Persistence technology stack comprises three main things. Let’s discuss them right below:
Persistence Chain
Persistence is a network of sovereign chains hosting Open Finance dApps (Exchanges & Marketplaces), which facilitate the matching of entities with surplus capital (lenders) to entities that require capital (borrowers). The sovereign nature of the chains allows customizations with respect to speed vs. security as well as address privacy considerations depending on the business requirements. Additionally, the architecture allows dApps to operate in isolation without being affected by increased transaction loads being experienced by other dApps on the chain - this becomes imperative in providing a smooth end-user experience and matches the expectations of institutional users.
Persistence Software Development Kit(SDK)
A software development kit is a collection of software development tools in one installable package. They facilitate the creation of applications by having a compiler, debugger, and perhaps a software framework. The Persistence Software Development Kit (SDK) is a set of standardized tools or ‘modules’ that can be used to model Marketplaces for easy exchange of value. Modules of the SDK can be integrated into existing applications. Alternatively, the modules can be used in different permutations and combinations to spin up entirely new marketplaces. With already available modules, the end-to-end trade and trade financing journey can be covered:
1) Onboarding of organizations and their employees
2) Providing relevant access rights to the onboarded employees
3) Conducting relevant KYC/AML checks
4) Verifiable document fingerprinting
5) Tokenization of document representing ‘real-world’ assets
6) Marketplace element to match buyers and sellers including negotiation
7) Trade settlement and financing
Persistence dApp
A decentralized application is a computer application that runs on a distributed computing system. DApps have been popularized by distributed ledger technologies such as the Ethereum Blockchain. Open Finance dApps (mostly Exchanges & Marketplaces), focused on matching borrowers (demand of capital) to lenders and investors (supply of capital), are hosted on app-specific chains in the Persistence ecosystem.
Persistence aims to tap into both institutional and crypto-native liquidity at the dApp layer in a two step approach:
1) It brings the benefits of Public Blockchain technology to institutional use-cases (tapping into institutional liquidity). It allows fundamentally new capital to enter the Blockchain/Cryptocurrency industry
2) It brings institutional products to crypto-native stakeholders (tapping into crypto liquidity) as the Stablecoin market cap grows and the yields become lower, capital in crypto will look for new ways to generate high returns
With many practical applications for the technology already being implemented and explored, blockchain is finally making a name for itself at age twenty-seven, in no small part because of bitcoin and cryptocurrency. As a buzzword on the tongue of every investor in the nation, Persistence stands to make business and government operations more accurate, efficient, secure, and cheap with fewer middlemen.
More information about the project:
Website — https://persistence.one
Whitepaper : https://persistence.one/static/media/whitepaper.aa159390.pdf
ANN THREAD : https://bitcointalk.org/index.php?topic=5323374.0
Linkedin : https://www.linkedin.com/company/persistenceone
Medium : https://medium.com/persistence-blog
Twitter — https://twitter.com/PersistenceOne
Telegram — https://t.me/PersistenceOneChat
Discord — https://discord.com/invite/SaBKpjbnhH
Youtube — https://www.youtube.com/channel/UC5wqI1ZRdkCjWWVOCQdhxLQ/featured
Reddit : https://www.reddit.com/r/PersistenceOne
Authorship
Proof Of Registration Link : https://bitcointalk.org/index.php?topic=5330574.msg56905309#msg56905309
BitcoinTalk username : jorina_006
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2171158
Persistence address: persistence1e5ljg8nnwcql0cq4jcqspg2dhlpj8s6ajez9pu
USDT address : 0xC36a747dD8123b6A8a01061c3519a50d529EfF70