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انتشار: خرداد 15، 1403
بروزرسانی: 29 خرداد 1404

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On the surface, institutional adoption of digital assets isthriving. The fact that multiple major firms like HSBC and BlackRock arebeginning to offer tokenized products is a testament. One recent projectioneven suggested that by 2030 the tokenized asset market could go as high as $16.1trillion.

Institutional participation has long been viewed as anecessary step for a larger mainstream adoption of digital assets, so themarket is excited to welcome these new products. While this all soundsoverwhelmingly positive, there is unfortunately still a significant hurdle thatwill need to be addressed before we see any broader acceptance and usage of digital assets:siloed liquidity.

Now, there are many different blockchain networks that, inmost cases, don’t easily share resources. This ranges across public networks,private networks and sidechains, all of which struggle to move assets betweenthem.

For example, JP Morgan has theirown private blockchain, named Onyx. While JP Morgan is a massive, global firmand can certainly offer its customers services on this chain, it is stilleffectively walled off from larger public networks like Ethereum, as well asother institutional ones.

Compare this situation to the adoption of the internetaround thirty years ago. It didn’t really take off until we had one “World WideWeb” that allowed access to all services via a single portal with no need tounderstand internetprotocols. The whole of Web3 needs to work in just the same way to becomefunctional for business.

Challenges and Considerations in Web3 Asset Transfers

In an attempt to address such issues, firms like Deutsche Bankhave begun experimenting with ways to connect different institutional networks,and they are doing so via the creation of “bridges.”

Bridges aren’t entirely new to Web3, and they act asthird parties that can transfer assets between different networks. However,there are some catches. Generally, bridging is a relatively expensive processto perform, usually incurring fees on both chains.

Furthermore, bridges are controlled by centralizedoperators, making these single points of failure among the most attack-proneelements of the modern Web3 landscape. While we have yet to see what DeutscheBank will ultimately create, bridging is not usually a solution that financialinstitutions, or retail users for that matter, will find attractive.Fortunately, bridging isn’t the only option that is available.

A Universal Solution

Instead of a series of siloes, what is needed is auniversal, interoperable layer that can connect liquidity across all of thesenetworks, all without bridges that demand multiple hops and the related fees.Fortunately, this technologynow exists, decades earlier than anyone thought possible.

Zero knowledge (ZK) technology allows for near-instant,cross-network transfers that are completely secure and cost almost nothing intransaction fees. This is possible because these protocols are able togenerate a cryptographic “proof” that can confirm the veracity of any data,while never needing to reveal what that data is.

ZK proofs can allow for moving assets securely acrossnetworks without the need for any overly complex third-party protocols. Thecryptography that powers these proofs means that instead of “bridging” assets,a single proof can be sent that ineffably confirms the veracity of any giventransaction, all while using only a fraction of network resources.

Implementing a ZK powered interoperability layer will be the“aggregated” approach, and will be key to creating a Web3 space that feels likeone single chain. Just like how the modern internet feels like a singleservice, all of the myriad of protocols and providers in the background simplymerge into one experience for the end user.

This is what will bring a new wave of institutions and theirproducts into this revolution by bringing down the barriers that are currentlyholding back broader institutional adoption.

By making the network that a given asset is built upontrivial, all liquidity would become unlocked across the entire Web3 ecosystem.This would be a much more attractive situation for institutions to launch newproducts into, and it would also draw in additional retail interest, furtherexpanding the entire market. Web3 could finally realize the vision of anequitable, digital future, by being able to provide real financial tools thathave no barriers or obstacles.

On the surface, institutional adoption of digital assets isthriving. The fact that multiple major firms like HSBC and BlackRock arebeginning to offer tokenized products is a testament. One recent projectioneven suggested that by 2030 the tokenized asset market could go as high as $16.1trillion.

Institutional participation has long been viewed as anecessary step for a larger mainstream adoption of digital assets, so themarket is excited to welcome these new products. While this all soundsoverwhelmingly positive, there is unfortunately still a significant hurdle thatwill need to be addressed before we see any broader acceptance and usage of digital assets:siloed liquidity.

Now, there are many different blockchain networks that, inmost cases, don’t easily share resources. This ranges across public networks,private networks and sidechains, all of which struggle to move assets betweenthem.

For example, JP Morgan has theirown private blockchain, named Onyx. While JP Morgan is a massive, global firmand can certainly offer its customers services on this chain, it is stilleffectively walled off from larger public networks like Ethereum, as well asother institutional ones.

Compare this situation to the adoption of the internetaround thirty years ago. It didn’t really take off until we had one “World WideWeb” that allowed access to all services via a single portal with no need tounderstand internetprotocols. The whole of Web3 needs to work in just the same way to becomefunctional for business.

Challenges and Considerations in Web3 Asset Transfers

In an attempt to address such issues, firms like Deutsche Bankhave begun experimenting with ways to connect different institutional networks,and they are doing so via the creation of “bridges.”

Bridges aren’t entirely new to Web3, and they act asthird parties that can transfer assets between different networks. However,there are some catches. Generally, bridging is a relatively expensive processto perform, usually incurring fees on both chains.

Furthermore, bridges are controlled by centralizedoperators, making these single points of failure among the most attack-proneelements of the modern Web3 landscape. While we have yet to see what DeutscheBank will ultimately create, bridging is not usually a solution that financialinstitutions, or retail users for that matter, will find attractive.Fortunately, bridging isn’t the only option that is available.

A Universal Solution

Instead of a series of siloes, what is needed is auniversal, interoperable layer that can connect liquidity across all of thesenetworks, all without bridges that demand multiple hops and the related fees.Fortunately, this technologynow exists, decades earlier than anyone thought possible.

Zero knowledge (ZK) technology allows for near-instant,cross-network transfers that are completely secure and cost almost nothing intransaction fees. This is possible because these protocols are able togenerate a cryptographic “proof” that can confirm the veracity of any data,while never needing to reveal what that data is.

ZK proofs can allow for moving assets securely acrossnetworks without the need for any overly complex third-party protocols. Thecryptography that powers these proofs means that instead of “bridging” assets,a single proof can be sent that ineffably confirms the veracity of any giventransaction, all while using only a fraction of network resources.

Implementing a ZK powered interoperability layer will be the“aggregated” approach, and will be key to creating a Web3 space that feels likeone single chain. Just like how the modern internet feels like a singleservice, all of the myriad of protocols and providers in the background simplymerge into one experience for the end user.

This is what will bring a new wave of institutions and theirproducts into this revolution by bringing down the barriers that are currentlyholding back broader institutional adoption.

By making the network that a given asset is built upontrivial, all liquidity would become unlocked across the entire Web3 ecosystem.This would be a much more attractive situation for institutions to launch newproducts into, and it would also draw in additional retail interest, furtherexpanding the entire market. Web3 could finally realize the vision of anequitable, digital future, by being able to provide real financial tools thathave no barriers or obstacles.



منبع: https://www.financemagnates.com//cryptocurrency/overcoming-siloed-liquidity-interoperabilitys-impact-on-digital-assets/
نویسنده: تیم تحریریه رضا خانتاراج