Not all blockchains are created equally. A major distinction is whether or not a particular blockchain is configured as a public or permission-based one, with each having their pros and cons. In this podcast, listen to the Manager of Alternative Assets at Symbiont, Dan Truque, as he goes over why a company may want to chose one over the other, as well as how his company solves real problems in the financial services industry with their enterprise blockchain platform, Assembly, which is used to issue, track and manage financial instruments, such as collateral, commodities, data, loans and securities.
In a public blockchain, anyone is free to join and participate in the core activities of the blockchain network. A permissioned blockcain allows only a selected entry of verified participants. Permission-based blockchains have seen an increase of popularity due to their ability to allocate specific permissions to various users on the network.
So why are so many leading financial institutions choosing Symbiont Assembly? As Mr. Truque mentions on the podcast, Symbiont Assembly is a blockchain platform for building and running decentralized applications, called .com/” target=”_blank” rel=”noopener”>smart contracts,” that meets the highest standards of security, integrity and availability for mission-critical use cases in financial services. It uses state machine replication to provide strong consistency and data availability guarantees without sacrificing network decentralization or confidentiality. Their smart contracts are designed for modeling the most complex business logic for a decentralized, digital golden record of financial transactions.
If the information contained in this podcast convinces you to go with a permission-based blockchain solution, then Symbiont is for you because of their guaranteed consistency, true decentralization, superior privacy, and robust consensus. If you need a blockchain solution to target alternative assets, data management, fixed income currency and commodities, and even mortgages, you have to chose the blockchain configuration that makes the most sense for your application, whether it be public or permission based. After listening to this podcast, you’ll have a better understanding for what the right solution is for you.
To find out more information and understand these distinctions better, get on Dan’s calendar for a consultation or email him directly.Â In addition, you can find him on Twitter here or just visit the Symbiont website at www.symbiont.io. Lastly, make sure you download his Symbiont white paper as well.
ABOUT OUR GUEST: Dan Truque
Daniel leads business development for Alternative Assets at Symbiont, where he covers enterprise blockchain applications ranging from private security tokens to supply chain. He has worked as a portfolio specialist at AQR Capital and Bridgewater Associates, the two largest hedge funds worldwide, and was previously the Director of Research and Operations at Market Realist, an investment research fintech company. Previously he worked in LatAm leveraged finance with HSBC and was a management consultant with McKinsey & Co’s Risk Practice. He holds a Master’s degree in Electrical Engineering from MIT.
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