Brazilian company created the first blockchain protocol written from scratch in Latin America

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Blockchain Protocol

It is not uncommon for projects using technology arising blockchain using existing protocol. Depending on the function of the project, it is normal that new businesses using public blockchains as Tron, ethereum and EOS. If the tone is more entrepreneurial, blockchain solutions from IBM, as Hyperledger tend to adapt to the projects.

However, this is not the case with the Brazilian project Rhizom. It is the first chain of blocks in Brazil written from scratch, whose business model is to build markets in structure.

The construction of the project will be implemented through an ecosystem responsible for product supply (networks and frame) and services (customization and implementation), all also based on the chain block Rhizom, which has different interconnected layers. This connection between layers creates an environment where they can interact with different companies, suppliers, professionals and clients.

CriptoF√°cil spoke with Luciano Britto, one of the creators of the project, to understand what has the Rhizom network facilities in the market. According to Britto:

“THROUGH THE AUTOMATED FRAMEWORK WE HAVE DEVELOPED, WE CAN CREATE A NETWORK OF CHAIN BLOCKS RHIZOM IN ABOUT SEVEN MINUTES. USING OTHER PROTOCOLS, THIS PROCESS TAKES ABOUT A WEEK. THIS REDUCES LABOR COSTS AND STREAMLINES PROCESSES. “

The products offered by Rhizom focus on new applications that are beginning to enter the web 3. As said Luis Roloff, another creator of the project:

“FOR THE END USER, WE OFFER A SET OF NETWORKED APPLICATIONS THAT ALSO OFFER PRODUCTS AND SERVICES MORE EFFECTIVE AND RELIABLE TAILORED TO THEIR SPECIFIC NEEDS. FOR BUSINESSES, WE HAVE A SET OF HIGHLY CUSTOMIZABLE TOOLS FOR RAPID INTEGRATION AND GREATER EFFICIENCY IN THEIR BUSINESS. “

One of the pillars that make up the ecosystem created by the Rhizom network is its protocol. It is capable of processing 100,000 transactions per second, is decentralized and the least 66% of the network must be corrupted before can be carried out an attack.

Furthermore, according to Britto, it has developed a model for criptomonedas presentations made by mistake are not lost through innovation protocol layer test called zero or Zeno knowledge. Britto says:

“THAT WAS A BIG CHALLENGE. WE WANTED TO END THE PROBLEM OF LOST TRANSACTIONS BY ENTERING AN INCORRECT ADDRESS, BUT CENTRALIZAR√ćAMOS THE PROJECT. WITH THE HELP OF ZERO KNOWLEDGE PROOF TECHNOLOGY, WE HAVE CREATED A DECENTRALIZED SOLUTION THAT PREVENTS TOKENS ARE LOST IN LIMBO “.

Another pillar of the Rhizom protocol is its structure, which is composed of modules. This allows more efficient development of new P2P market, where transactions can be made public or private. You can also create a system of immutable reputation by ensuring that users identify malicious people in the market.

The frame also provides support for the payment system, smart library contract for several use cases, tokenization asset management board, certification and traceability immutable supply chains.

The last pillar consists of the networks created in the protocol. Currently there are four of them: UbRest, which allows buyers and sellers of the food industry interact quickly, safely and without the intervention of third way; MyMuseum allows interested parties of the art system interact directly, allowing effective and transparent profit; Mostra.me allows brands, creative professionals, manufacturers and end users interact so decentralized Creative Economy segments: Fashion, Art and Design; and BePart, incubating recurring crowdfunding campaigns for social and environmental projects, athletes or companies claiming social responsibility.

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