[London, United Kingdom, 4th June 2020] The Aventus Protocol Foundation whitepaper is a comprehensive guide to blockchain and the role it plays in the Aventus solution to current problems with asset digitisation and digital asset management.
The original Aventus mission, set out in the 2017 whitepaper, was to build a protocol for Blockchain to solve problems concerning fraud, duplicitous behaviour, and touting in the ticketing industry and beyond. To do so, they built Aventus on the Ethereum public Blockchain. However, a challenge quickly presented itself.
The Aventus founders commented: “Ethereum’s scaling was a viable solution for the long-tail of the market serviced mostly by Eventbrite — but did not have the scalability for which Aventus strived”.
That is why the teams working on the Aventus project developed their own solution to combine the strengths of both public and private Blockchains without their individual weaknesses.
Today, the Aventus Protocol revolutionises the way enterprises can digitise their assets, bringing them full oversight and control over the way digital assets are issued, owned, and transferred across value chains. This ‘layer 2 solution’ fuses the benefits of scale and privacy achieved on private Blockchains with the advantages of security and independence of public Blockchains — without the shortcomings of either. Such generality promotes expansion into potential markets where any item of value can be represented digitally, whether it is a financial asset, a voucher, a precious metal, a legal contract, and the like.
You can find the full whitepaper, as well as light papers and micro papers at www.aventus.io/learn/.