Polymesh: Revealing The Hidden Power Of Blockchain In The World Of Regulated Assets

What is Polymesh, and how does it differ from the Ethereum Blockchain?
Polymesh is an enterprise-level blockchain network designed specifically for storing and transferring regulated assets on the blockchain.

Unlike general-purpose blockchains like Ethereum, Polymesh focuses on addressing the issue of representing traditional assets (e.g., securities) on the blockchain. Its primary purpose is to enable the creation of on-chain representations for regulated assets.

Polymesh is developed by the same team behind Polymath, a project built on the Ethereum blockchain for issuing security tokens on-chain.While the Polymath team has benefited from Ethereum’s security and broad use cases, they recognized that Ethereum’s lack of specialization in providing on-chain representation for regulated assets was a limitation.

Furthermore, public blockchains like Ethereum lack the necessary features for compliance in regulated industries. For example, Ethereum’s emphasis on decentralization and anonymity makes it less suitable for industries like securities, where verifiable identity is crucial.

Polymesh addresses these shortcomings to better serve the needs of regulated environments. While it operates as a public blockchain like Ethereum, Polymesh is permissioned to ensure compliance and regulatory requirements are met.

The Polymesh blockchain is an open-source project that allows external contributors to access and modify it. The Polymesh Association, a non-profit organization based in Switzerland, manages and develops Polymesh.

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