Hex Trust has partnered with hashport, an interoperability solution (portal) developed by Limechain and BCW Technologies, to enable greater interoperability across prominent blockchain systems. Following the announcement, Hex Trust will join the network of validators underpinning the security and safety of the protocol.
There are currently over 100 active public blockchains in the market, each with their own unique applications, security models, consensus mechanisms, and design trade-offs. hashport aims to unify this increasingly fragmented landscape with a public infrastructure utility designed to strike the right balance between security, speed, cost-effectiveness, and ease of use. Initial network integrations will focus on Hedera Hashgraph, Ethereum, and Polygon, followed by additional protocols in early 2022.
“hashport brings the digital assets industry one step closer to a multi-chain market structure designed to unlock greater productivity and utility across individual ecosystems, providing users with seamless access to the ever-increasing range of protocols and decentralized applications. At Hex Trust, we are convinced advocates of cross-chain connectivity as a way to extract the full potential of multiple blockchain protocols and create an integrated framework that can adjust, upgrade and support an infinite number of use cases.” — Alessio Quaglini, CEO & Co-founder of Hex Trust.
“hashport ushers in a new era of interoperability, empowering users to explore an ever-expanding array of distributed networks, use cases, and opportunities that were previously out of reach. By combining the power of Hedera’s Consensus Service with hashport’s world-class validator swarm, an unrivalled level of functional trust is created.” — Jesse Whiteside, Director of Business Development at hashport.
There are currently over 40 different bridge projects that give users and developers more choice when it comes to transferring information between two or more blockchains. There are four main types of bridges including asset-specific, chain-specific, application-specific, and generalized. As a generalized bridge designed for transferring information across multiple blockchain systems, hashport’s value to the user compounds with every integration through network effects, as each additional connection to a project gives access to the entire ecosystem within the bridge.
hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure, and cost-effective way. In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners from around the world. hashport has passed a rigorous security audit and follows industry best practices; regularly performing comprehensive network tests to ensure the integrity of the network.
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Hex Trust is the leading fully-licensed and insured provider of bank-grade custody for digital assets in Asia. Led by veteran banking technologists and award-winning financial services experts, Hex Trust has built Hex Safe, a proprietary bank-grade platform that delivers custody, financing, and brokerage solutions for financial institutions, digital asset service providers, and private clients. Hex Trust has offices in Hong Kong, Singapore, and Vietnam and is expanding across Europe and the Middle East.