WALCHWIL, Switzerland,
Nov. 14, 2016 /PRNewswire/ --
Melonport AG announces its collaboration with Parity
(Ethcore) and its founder Dr. Gavin
Wood to launch "Melon", a ground-breaking software for asset
managers. Melon will be the first decentralized application on the
revolutionary Polkadot multi-chain network.
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The Polkadot concept by Dr. Gavin
Wood, the founder of Parity Technologies Ltd and former CTO
of Ethereum, will be explained today in a big breakthrough
paper. Polkadot is a multi-chain framework that supports
interoperability between wildly different chains with different
properties including encrypted proof-of-authority chains suitable
for internal enterprise networks (– as long as they confirm to
certain specifications). For the very first time in blockchain
history, the different blockchains will form one large inclusive
interoperable multi-chain network with pooled security.
Melon will provide the first use case — a completely
decentralized blockchain infrastructure intended to give secure and
user-friendly access to manage or invest in portfolio similar to
hedge funds. It goes beyond normal crypto wallets providing a 'rule
set' which forces certain elements into portfolios (e.g.
performance calculations and trade restrictions) Melon also has a
'modular' element which allows room for opinion on matters like
price feed sources, exchanges, management fees etc.
The completely open source software for competitive and
decentralized asset management solutions, Melon can be found on
GitHub at the following link.
Melon will initially be targeted at individuals looking to set
up and manage crypto portfolios and build their track records on
it. The protocol allows for investing and redeeming in portfolios
and will become a way for people to discover and gain exposure to
these crypto portfolios in an inexpensive and transparent fashion.
As digital assets become more mainstream, this protocol is expected
to be adopted by more traditional asset managers.
Dr. Gavin Wood, founder of Parity
said,
"We're very excited to be embarking on this path with
Melonport. As a next-generation technology which is able to bring
together open chains and enterprise chains, we feel Polkadot is
uniquely suited to Melon's use-case and welcome the challenge of
developing this technology to fruition with open arms."
Mona El Isa, former Goldman Sachs
star trader and hedge fund manager who partnered with Reto Trinkler in founding Melonport earlier this
year said,
"Traditional methods of wealth preservation have offered a
good service for a long time but we have also seen their
limitations. My experience together with Reto's technical skills
has been very complimentary. We believe that a collaboration with
Parity will be very complimentary as well and will help make this
idea even bigger."
Reto Trinkler, a mathematician
from one of the world's leading university ETH Zurich who developed
a profit-making algorithm for sports betting exchanges in C++
whilst still at university said,
"We thought about this a lot and we really want the Melon
project to be an open, collaborative effort. Whilst we plan to
develop a set of modules ourselves, we have structured our usage
tokens in a way that will reward developers. In this way, we
believe we can future proof development and collectively come up
with the first ever blockchain protocol and software for asset
management."
Melonport AG, the private company behind Melon will facilitate a
Melon token pre-sale accepting Ether contributions that will go
towards building Polkadot and Melon. Further information about the
pre-sale will be available towards the end of the month.
About Melonport AG
Founded by Reto Trinkler and
Mona El Isa, Melonport AG is a
private company behind Melon multi-chain capable software for asset
management. The company is based out of Walchwil, Switzerland.
Learn more about Melonport at
– https://melonport.com/
Learn more about Melon at –
https://github.com/melonproject/whitepaper/blob/master/melonprotocol.pdf
Melon's code is available on GitHub at
– https://github.com/melonproject/
Media Contact
Contact Name: Mona
Contact Email: me@melonport.com
Location: Walchwil, Switzerland
Melonport AG is the source of this content. Virtual currency
is not legal tender, is not backed by the government, and accounts
and value balances are not subject to consumer protections. This
press release is for informational purposes only. The information
does not constitute investment advice or an offer to
invest.
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SOURCE Melonport AG