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Deepit Partner Up With POA Network For TokenBridge Development

Deepit, a leader in blockchain consulting and development, is partnering with POA Network to deliver the DeeCert platform. DeeCert is an Ethereum-based event and file certification system which utilizes Non Fungible Tokens (ERC 721) as certificates. DeeCert integrates existing technologies including Universal Login to guarantee easy user access and the Interplanetary File System (IPFS) for decentralized file storage. These technologies complement their blockchain certification processes and create a simple and intuitive onboarding experience for users.

When Deepit first designed DeeCert (and the consumer version of the product called “eviDance”), they set out to create a system capable of handling a large number of transactions quickly and with minimal costs. At the same time, they didn’t want to sacrifice the security offered by a public blockchain such as Ethereum.

After a prolonged and in-depth analysis of the current ecosystem, Deepit selected POA Network as the layer-2 solution that best aligned with the needs of their platform. The Deepit team was already familiar with POA Network projects as their San Francisco team had previous development experience with multiple POA projects including xDai Stable Chain and the TokenBridge. With POA as a partner, they realized they could extend the interoperability protocol of the TokenBridge to include Non Fungible tokens under the ERC-721 standard.

The teams will be collaborating on Arbitrary Message Bridge (AMB) technology to achieve this functionality. This new bridging feature will allow ERC-721 tokens to move seamlessly between the Ethereum mainnet and sidechains such as POA Core or the xDai Stable chain.

Deepit and POA Network are planning to further nurture their collaboration and operational synergies, and will jointly attend a series of events in the coming months. Stay tuned for more news about this exciting technical partnership!


About POA Network

POA Network develops products for people who believe that the Ethereum protocol must be cheap, fast and scalable. POA Network has a growing ecosystem of open-source projects that deliver key solutions for the Ethereum community including the open-source full-featured block explorer BlockScout, an array of Bridges for interoperability between EVM chains powered by the TokenBridge and Nifty Wallet to focus on usability of real-world applications. For more information visit poa.network.

About Deepit AG

Deepit AG was founded in 2018 by a number of entrepreneurs linked by a long experience and a great passion for blockchain technology and cryptocurrencies. We strongly believe that these technologies will be increasingly present in all social and economic contexts, so we gave Deepit a mainly B2B footprint to seize the countless opportunities coming out from industrial activities. Our activity is spread over three Business Units: Deepit Tech, Deepit Consulting, Deepit Academy. More information at www.deepit.ch

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