The blockchain {industry} has witnessed exceptional progress and innovation, with numerous platforms rising to cater to various wants. Whereas the monetary sector is main the way in which in blockchain adoption, accounting for 29.7% of worldwide blockchain spending, the expertise additionally finds its manner into the provision chain, actual property, manufacturing, and healthcare. This rising curiosity is fueled by the potential of DeFi and blockchain to streamline operational processes, improve safety, and allow clear and accessible information alternate. On this context, one platform that has garnered important consideration is Diamante Blockchain, with its cutting-edge Layer 1 blockchain protocol, Diamante Internet, designed to deal with real-world challenges throughout a number of industries.
Diamante Internet is a high-performance, scalable, and safe blockchain community that provides a flexible ecosystem for creating decentralized purposes (dApps) and options. Inside its ecosystem, Diamante has launched a number of revolutionary choices, DIAM and the DIAM Pockets, a user-friendly interface for managing digital property and accessing dApps, together with a decentralized funds platform PayCircle, and a decentralized digital banking platform, MetaCircle. With its modular structure and customizable options, Diamante Internet allows the creation of industry-specific purposes tailor-made to the distinctive necessities of assorted sectors, starting from finance and provide chain administration to gaming and past.
On this interview with Chirag Jetani, the Founder & COO of Diamante Blockchain, we uncover the exceptional potential of this undertaking.
As a Layer 1 blockchain, what distinctive options and capabilities does Diamante Internet provide to cater to the varied wants of assorted industries?
Our proprietary blockchain community, Diamante Internet, is a 4th technology, layer 1 hybrid blockchain protocol. It’s recognized for its velocity, scalability, safety and interoperability and is able to dealing with 10 million every day transactions with a throughput of 7500+ transactions per second. Diamante Internet is a high-performance community that facilitates quick, safe, and low-cost transactions utilizing our native digital asset, DIAM, which offers customers entry to your complete Diamante ecosystem, together with our services.
Our structure helps various use instances, together with lending & borrowing credit, digital funds, NFTs, healthcare, journey, Insurance coverage and way more. The community employs revolutionary encryption strategies primarily based on Absolutely Homomorphic Encryption (FHE) guaranteeing safety for transactions and information. Additionally, our native digital asset, DIAM, the utility coin of our ecosystem, presents customers entry to your complete ecosystem, our services.
Moreover, Diamante Internet aligns with options akin to Actual World Property (RWA), gaming, the creator financial system, and layer 2 options. The assets can be found on-line, and builders might entry them via the developer portal and sandbox to arrange use instances. The opposite options of the community embody sharing for enhanced scalability, cross-chain compatibility, and bridges to facilitate seamless interoperability throughout completely different blockchain networks.
In abstract, Diamante Internet and our ecosystem present a complete suite of blockchain and AI-based options addressing main {industry} challenges round transparency, safety, interoperability and user-friendliness. Our strong structure and various use case help make Diamante Internet a flexible and highly effective platform for numerous industries.
Are you able to elaborate on Diamante Internet’s modular structure and the way it allows the creation of industry-specific purposes?
Diamante Internet’s modular structure is constructed to be extremely versatile and extremely customizable. It permits builders to create industry-specific purposes tailor-made to the present {industry} wants. The structure leverages the Federated Byzantine Settlement (FBA) consensus mechanism – which implies transactions are settled at an ultra-fast velocity in lower than 3 seconds. Think about, all of that is end-to-end encrypted with a multi-layer authentication.
The platform additionally integrates the Sync Bridge and Binance Greenfield Chain and offers seamless interoperability with different networks. Moreover, the user-interfaces are intuitive and we’ve streamlined the developer instruments for the deployment and improvement of dApps—Because of our robust Technical workforce and their experience. This makes it fairly simpler for the builders to innovate and deploy options throughout numerous industries.
What are the important thing challenges confronted by conventional monetary techniques, and the way does Diamante Internet’s MetaCircle digital banking platform purpose to deal with them?
We regularly face challenges like excessive operational prices, guide processes, paperwork, geographical constraints, and many others. These challenges in conventional monetary techniques can now be addressed with our MetaCircle digital banking resolution, which is at present within the beta stage. MetaCircle will revolutionize new-age banking, creating immersive, interactive, and extremely personalised banking and monetary experiences.
By the MetaCircle, prospects can entry banking companies, arrange consultations with monetary advisors and discover immersive product demonstrations. With MetaCircle, banks and monetary establishments may also conduct monetary literacy applications, providing interactive and gamified studying experiences to assist customers perceive monetary ideas and make knowledgeable selections. Digital assistants and AI-driven chatbots are going to be actual with MetaCircle. In fact, transactions will likely be safer, lowering the danger of fraud. By MetaCircle, banks and monetary establishments can attain international prospects with out the necessity for bodily branches, making it simpler to increase companies throughout the areas. MetaCircle is designed protecting in thoughts the best scenario of busy people and providing them a handy banking expertise.
Are you able to present insights into the safety measures and protocols applied within the PayCircle cost platform to make sure safe and environment friendly transactions?
PayCircle, our flagship funds software, employs a complete set of safety measures and protocols to make sure safe and environment friendly transactions. Superior encryption (AES-256) protects all transaction information throughout transmission and storage, whereas multi-factor authentication (MFA) provides an additional layer of safety for person accounts.
Safe APIs and communication protocols like HTTPS and TLS guarantee secure information alternate between techniques. AI-driven fraud detection algorithms constantly monitor for suspicious exercise, enhancing real-time safety.
The platform adheres to worldwide regulatory requirements akin to PCI-DSS and undergoes common third-party safety audits to mitigate dangers. PayCircle additionally complies with information privateness rules like GDPR and has strong catastrophe restoration and enterprise continuity plans in place.
These measures collectively be sure that PayCircle offers a safe, environment friendly, and dependable cost platform for our customers.
How does the DIAM Pockets simplify the person expertise of interacting with decentralized purposes (dApps) throughout the Diamante ecosystem?
Speaking about our DIAM Pockets; it offers a user-friendly interface for managing digital property. It helps each the ERC-20 and BEP-20 variations of DIAM Cash, permitting customers to ship, obtain and retailer numerous cryptocurrencies securely.
Moreover, DIAM Pockets facilitates seamless transactions throughout the ecosystem, lowering and enhancing accessibility for all customers. DIAM Pockets additionally helps backups of restoration phrases to stop loss in case of machine misplacement. The pockets is accessible for each Android and iOS customers.
What are the distinctive benefits of Diamante Internet in comparison with different international aggressive blockchain networks, and the way does it differentiate itself?
As talked about earlier, Diamante Internet has a high-performance, scalable and safe structure that helps cross-chain compatibility. It’s able to dealing with 10 million every day transactions with spectacular velocity and low latency, due to the Federate Byzantine Settlement (FBA) consensus mechanism.
However, the mixing of various interoperability options, such because the Sync Bridge and Binance Greenfield Chain, additional units us aside. Our user-friendly interfaces and strong developer instruments additionally differentiate us from different blockchain networks.
Are you able to share some examples of profitable industry-specific purposes or use instances constructed on the Diamante Internet blockchain?
PayCircle is our flagship product and an excellent app to conduct funds, make transactions, and commerce digital property. It permits customers to ship, obtain and custody a number of currencies and is designed to cater to the wants of people and companies.
DiamCircle is our platform that helps builders and blockchain lovers develop and deploy dApps on the highest of our blockchain community.
Different decentralized platforms, akin to CreditCircle, Mintify, ChainX, and NodeHRM, are at present within the alpha stage of improvement and present process testing for his or her core functionalities.
To debate briefly, CreditCircle presents loans in opposition to one’s crypto property with out the necessity to really promote them. The customers will nonetheless possess possession over their property, even when it’s within the CreditCircle custody. Customers pays again every time they want to at very minimal rates of interest.
Whereas Mintify permits customers to create and handle NFTs and royalty distribution, ChainX is an revolutionary crypto alternate platform for quick, safe, cost-effective digital asset buying and selling. To study extra about our platforms, together with NodeHRM and ChainCRM, please go to https://explorer.diamcircle.io/application.
How does Diamante Internet plan to increase its attain and adoption in industries past finance, akin to gaming, leisure, and e-commerce?
We’re actively increasing our attain and adoption of Diamante Internet by creating tailor-made options that cater to the wants of assorted sectors past finance. We now have signed an settlement with Skyra Jewels, a USA-based jewellery model to construct its complete e-commerce platform on our blockchain. This integration addresses key challenges round transparency and effectivity within the {industry}. To cater to the leisure {industry}, we now have partnered with Bollywoodirect, an India-based platform, to develop its ecosystem across the creator financial system.
Moreover, we’re partaking with gaming communities in Southeast Asia and organizing international hackathons. The promising merchandise submitted throughout these hackathons that present nice potential for numerous industries will obtain our help for additional improvement. By leveraging Diamante Internet and integrating blockchain expertise, we’re addressing main challenges and supporting builders in creating revolutionary options with our strong developer assets.
What position do partnerships and collaborations play in Diamante Internet’s progress technique, and the way do you strategy these collaborations?
Our international strategic collaborations with the Personal Workplace of Highness Sheikh Mohamed Bin Ahmed Bin Hamadan Al Nahyan – the Royal Household of Abu Dhabi, symbolizes our dedication in direction of constructing population-scale options within the Center East.
Moreover, our strategic collaboration with Credshield for compliance; safety and international auditing requirements with CertiK; and technical alliances with Binamite, HyperSign and MetaDoge Unity are a number of noteworthy examples of our dedication. Our group partnerships with Web3Connect World and ActualOne assist us foster a vibrant developer group, conduct hackathons, and meetups and join blockchain {industry} leaders and specialists are essential to create alternatives within the blockchain ecosystem. We even have a number of extra potential partnerships lined up that may assist us increase our international footprint.
Our associate ecosystem additionally contains famend organizations akin to AWS, Azure, Indian Banks’ Digital Infrastructure Firm (IBDIC), QuillAudits, TransBnk, TransUnion, Maximus, Zeeve, W3CG, Union Financial institution, Ujjivan SFB, DAOstruct, and JioCloud.
These strategic partnerships and collaborations are pivotal in addressing crucial {industry} challenges, driving blockchain adoption, and fostering sustainable improvement worldwide.
Lastly – because the Founder & COO, what’s your long-term imaginative and prescient for Diamante Blockchain, and the way do you intend to realize it within the quickly evolving blockchain panorama?
Our long-term imaginative and prescient is to determine Diamante Blockchain as a worldwide chief, driving innovation throughout a number of industries via our strong community, Diamante Internet. To realize this, we are going to proceed advancing our core applied sciences, guaranteeing fast and safe transaction processing, and enhancing cross-chain compatibility.
We are going to develop personalized blockchain options for numerous sectors. Partaking the worldwide group via numerous initiatives, will foster innovation and establish potential {industry} matches. Constructing strategic partnerships, sustaining the best requirements of safety and compliance, and integrating superior AI and information analytics are key elements of our technique. These efforts will collectively assist us create a transformative blockchain ecosystem that drives international adoption and innovation.
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