Stonize is excited by the release of Algorand 2.0, which brings impressive new features that anticipate the most advanced requests of its users looking to create the next generation of high performing, decentralised solutions.

Stonize plans to use either Atomic Transfers and Algorand Smart Contract in Layer-1 (ASC1) to provide its customers with faster and more secure clearing and settlement processes. In particular, the Stonize team is working on enhancing Delivery Versus Payment process by leveraging Atomic Transfers for multiple party transactions and the ASC1 template for escrow. In both scenarios, Stonize would issue security tokens on the Algorand blockchain as Algorand Standard Assets (ASAs). This paves the way to benefits from universal interoperability of ASAs, such as the access of Algorand-compatible wallets and exchanges.

A second but not less important use case for Stonize is the possibility to integrate Identity Oracles into its T3 protocol: by directly and securely link on-chain transactions to off-chain data providers such as Stonize Digital Identity providers, an unprecedented level of trust can be reached. This extends the interesting approach followed by DUST Identity and Algorand on linking object fingerprints to on-chain transactions.

With these improvements, Algorand and Stonize will take an important step toward the democratisation of finance.

Read more on Algorand <> Stonize partnership here.

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