2016/11/15 2:08 AM

Smart Token Chain (STC), a blockchain project intended to “tokenize” financial information, has successfully executed its first Smart Token transaction across the Ripple Network.

Also read: Altcoin Report: Dash, ShapeShift Users Get Debit Cards

STC to Leverage Ripple to Help Alleviate Counterparty Risk

CTO of Smart Token Chain, Morris Mwanga, believes that the successful trial run of their concept has confirmed the robustness of their blockchain-based solution as a means of bringing speed, accuracy and security to transactions across distributed ledger platforms.

Mwanga noted the platform achieves this by leveraging patent-pending “Smart Tokens”, which has deepened trust in the company as a facilitator of these things. Thus, it provides what many blockchains often do: a trustless and relatively distributed system to enable exchange.

Leveraging the Ripple Network is an obvious choice for an organization that is specializing in the fintech…

Source link