Norwegian government starts using Ethereum's $ETH arbitrum and ceramicnetwork protocols, here's how w/ JonRamvi
The new platform will allow Norwegian citizens to access shares of companies that have not gone public yet . For maximum resource efficiency, the solution will leverage Ethereum-based second-layer platform Arbitrum.
Shares will be minted as Ethereum-based ERC1400 standard tokens. This standard is a combination of ERC20 and ERC721. Leading Ethereum development studio ConsenSys contributed to this implemenation of ERC tokens.Another Ethereum-centric product, decentralized data storage and transfer platform Ceramic, will be used to handle the personal data of users in a GDPR-compliant manner.Symfoni, a project by Mr.
As covered by U.Today previously, Arbitrum is now responsible for over 50% of aggregated TVL metrics of all of Ethereum's Layer 2 protocols.
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