Deutsche Bank Builds Layer-2 Blockchain on Ethereum for Regulation

user avatar

by Giorgi Kostiuk

2 years ago

Deutsche Bank's project to create a Layer-2 blockchain aims to solve regulatory challenges arising from the use of public blockchains in finance.

Introduction to Project Dama 2

In November, Deutsche Bank introduced a test version of 'Project Dama 2,' an asset-servicing pilot incorporating a Layer 2 solution. This technology leverages public blockchains while enabling more cost-effective and efficient transactions.

Innovative Technologies of Dama 2

Deutsche Bank's Layer 2 system integrates with Ethereum and uses ZKsync technology, developed in collaboration with crypto firms Memento Blockchain Pte. and Interop Labs. The new approach allows banks to experiment with public blockchains by establishing a 'more bespoke list of validators' for processing digital assets.

Partnerships and Future of Deutsche Bank's Blockchain

In December, Deutsche Bank announced a partnership with Crypto.com to provide banking services across Asia-Pacific markets, including Singapore, Australia, and Hong Kong. The bank will offer fiat-to-crypto exchange and cross-border trading services.

Deutsche Bank's innovations in L2 technology open new opportunities for the banking industry to manage and regulate digital assets in a safer and more efficient manner.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Analysts Remain Bullish on SpaceX Stock Despite Recent Challenges

chest

Despite recent challenges, analysts maintain a bullish outlook on SpaceX stock, citing its unique positioning in the market.

user avatarDavid Robinson

SpaceX Stock Faces Volatility Amid Lockup Expirations

chest

SpaceX stock has experienced significant fluctuations due to recent lockup expirations, with investors questioning its future performance.

user avatarAndrew Smith

Meta's Valuation Advantage Over SpaceX

chest

Despite SpaceX's rapid growth, Meta has a more favorable stock valuation, trading at about 66 times sales compared to SpaceX's 45 times sales.

user avatarZainab Kamara

SpaceX Outpaces Meta in Revenue Growth

chest

SpaceX's revenue grew by 92% year-over-year, while Meta's revenue increased by 28%. SpaceX's growth is driven by demand for AI and connectivity, whereas Meta's growth is slower but consistent.

user avatarJacob Williams

SpaceX and Meta Compete for $2 Trillion Valuation

chest

SpaceX and Meta are competing for a $2 trillion market valuation, with SpaceX having briefly reached this mark in June.

user avatarSon Min-ho

SanDisk's Impressive Stock Performance Post Spin-off

chest

SanDisk has experienced a remarkable stock increase of almost 3,900% since its spin-off from Western Digital, driven by high demand for NAND flash memory, with analysts suggesting over 50% upside from current levels.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.