The facilitated protocol (EaseProtocol.com), an innovative blockchain platform specializing in corporate solutions and government quality which focuses on ease of use and mass adoption, announced today the successful implementation of ISO 20022 messaging standards directly in smart blockchain contracts, marking significant progression in the integration of financial technology. This revolutionary development will allow financial institutions to automate banking processes through different blockchain ecosystems using the globally recognized ISO 20022 standard which replaces the venerable mail system SWIFT (Society for Worldwide Interbank Financial Telecommunication), which is the current global standard for secure financial messaging between institutions. The features will soon be accessible to the public on the ease of testnet, allowing banks and financial institutions to manage integration capacities before complete deployment.
“By integrating ISO 20022 messaging into intelligent contracts, we create the bridge that traditional financial institutions need to fully adopt blockchain technology,” said Douglas Horn, architect of the Empele protocol. “For the first time, our intelligent contracts allow banks to automate these processes to increase their efficiency and reduce costs. Ease gives banks a powerful reason to engage in blockchain technology, which will lead to the global adoption of automated financial services in several blockchain ecosystems.”
This new important implementation includes sophisticated transverse bridges managing transactions between compatible blockchains Ease and Select Ethereum Virtual Machine (EVM), such as Ethereum, Polygon and Binance Smart Chain. Future versions will also support blockchains like Solana. The native digital asset of each assistance ecosystem, its atomic intermediate token (AIT), plays a central role in these transversal operations. When tokens have been sent from the facilitative blockchain to an EVM channel, the tokens have natives are stored in the intelligent contract easy bridge manager, while the tokens have wrapped (wait) are struck on the EVM channel, following the ERC-20 standard. All bridges transactions in each direction are recorded in ISO 20022 format, guaranteeing compliance with the messaging standard that global financial institutions adopt rapidly.
The assistance protocol develops an even more powerful bridge system between blockchain ecosystems facilitates which uses mathematical evidence to ensure loss -free operations. Beyond the transfer of tokens, these bridges will allow the exchange of native messages and messages and actions ISO 20022, with selected intelligent contract actions triggered alongside transfers. This will create a functional network of transversal operations, allowing banks on a system of ease of operating on several ecosystems with access to ISO 20022 intelligent contracts. For financial institutions, this represents a significant competitive advantage: the capacity to maintain regulatory compliance while considerably reducing settlement times and costs in previously incompatible systems.
“The blockchain has long kept the unrealized promise to add efficiency to the traditional banking system,” added Horn, which serves as CEO of Protocol Inc, which develops the system. “We are finally able to keep this promise with this new intelligent contract integration of the new world standard in banking messaging. Finally, banks will have a real reason to jump into the blockchain.”
The complete technical details of the integration of the ISO 20022 intelligent contract of the assistance protocol are available in the White Paper of the Easy Protocol (https://easeprotocol.com/#whitepaper)).
About the facilitated protocol
Protocol factor is a business quality blockchain platform designed to treat critical obstacles that have a limited blockchain adoption in several sectors, with a strategic emphasis on government and corporate applications. By offering unique authentication capacities, improved security without direct management of private keys, regulatory compatibility, complete development tools and transversal functionalities, the EASPING protocol offers a transformative solution for organizations that seek to implement large -scale blockchain technology.
