Jiritsu, a blockchain technology firm specializing in decentralized and verifiable computing, is making strides in the tokenization of real-world assets (RWA). The company’s ZK MPC Cloud, which combines zero-knowledge proofs and multi-party computation, offers a secure, efficient platform for managing various assets on the blockchain. This technology supports industries like supply chains and private equity by ensuring transparency and efficiency.

Founded in 2020, Jiritsu focuses on overcoming the limitations of traditional blockchains, such as slow computation and lack of real-time event response. Their technology enables multiple nodes to perform computations in parallel, ensuring that each step is verifiable and logged on their Layer-1 blockchain. This setup supports various use cases, from tracking high-value items in supply chains to managing tokenized private equity, an $8 trillion market traditionally hindered by illiquidity and inefficiencies.

Jiritsu’s platform, currently operating within the Avalanche ecosystem, handles over $2 billion in verified assets on-chain. The company’s architecture is designed for scalability, handling high transaction volumes without compromising security or efficiency. Moreover, Jiritsu’s approach ensures that gas fees are minimal, with their infrastructure designed to be economically stable and scalable.

The company’s CEO, Jacob Guedalia, emphasizes the importance of regulatory clarity for the blockchain industry. He believes that clear regulations will encourage ethical behavior and further the adoption of blockchain technologies. Jiritsu is committed to compliance and works closely with legal advisors to ensure all operations meet regulatory standards.

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Looking ahead, Jiritsu plans to expand its partnerships and continue developing its ecosystem. They are collaborating with major institutions and exploring innovative projects, including collateralizing RWA tokens for liquidity. Guedalia is optimistic about the future of blockchain and its potential to revolutionize industries like real estate and supply chains, predicting that tokenization will become increasingly prevalent across various sectors.

Source: beincrypto.com

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