 | Redbelly Network (RBNT)RedBelly Network is a software company that offers web3 infrastructure and blockchain applications to regulate the economy and marketplaces. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Redbelly Network
Redbelly Network is a revolutionary solution for Compliant Asset Tokenisation, built on an open finance platform that embeds distributed ledger technology into the heart of financial relationships. This eliminates information asymmetry and dramatically increases efficiency, helping to build a fairer financial system for all. With a novel leaderless consensus mechanism, democratic byzantine fault tolerant (DBFT) consensus developed with The University of Sydney and CSIRO’s Data61, we are able to achieve high performance and guarantee the impossibility of forking and mitigate double spending with near-instant finality.
Redbelly Network is designed to focus on accountability. Accountability is enforced at a protocol level through a novel mechanism that constructs undeniable proofs of fraud -Polygraph; and at the functional level through an innovative identity layer that ensures all network participants are known.
Through standards-based smart contract templates, real-world financial relationships are deployed as Ricardian contracts on Redbelly Network, thereby benefiting from reduced information asymmetry, huge gains in efficiency, low and known transaction costs, as well as the accountability afforded by legal and regulatory enforcement that is required for any real-world financial relationship.
DetailsToken supply: 10,000,000,000 RBNTLegalRegistration country: IndiaRegistration year: 2016 Office address:
| Token infoTicker: RBNTToken distribution: Incentives & Rewards - 37% Redbelly Network Governance DAO - 3% Investors - 28% Team - 10% USYD & CSIRO - 2% Reserve - 20% |
Redbelly Network Roadmap
Work started on the Redbelly Blockchain
First experiments and presentations at Facebook Menlo Park, Massachusetts Institute of Technology and Visa Research Palo Alto
First testnet launch and wallet application released open source
International Patent Filed: PCT/AU2018/050642
AWS-CSIRO Public Release
Publication of the DBFT consensus protocol
Australian Research Council funds the Redbelly Blockchain research through the ARC Future Fellowship
Discovery of the Accountable Consensus Protocol
The Australian Government includes Redbelly Blockchain in its National Blockchain Roadmap
Formal verification of the consensus protocol
Publication of Redbelly Blockchain in the flagship security conference
Block8, CSIRO and University of Sydney create Redbelly Network as a joint venture with seed funding
Redbelly blockchain is deployed on a low-energy Internet of Things (IoT) testnet
Redbelly blockchain achieves 100,000 TPS in a national CBDC experiment
Formal Verification of the DBFT Consensus Protocol
Full support of Solidity Smart contracts in Redbelly Network to allow to run DeFi applications
Launched Ambassador Program
Redbelly offers asset recovery through secret sharing
Redbelly outperforms modern blockchains in executing real traces on D'Apps (Diablo Benchmark)
Launched Node Operator program with overwhelming response
Devnet BETA Launched
Zero Knowledge Proof integration achieved
Community Grant Program Launched
Compliant Asset Tokenisation (CAT) solution announced
Full Devnet with ID launched with Vine developer portal
$500M USD Liquidise customer use case announced
Project team
Social media
