“We embrace the future with crypto and leave the slow and outdated large banks behind,” said President Donald Trump, which indicates a shift in the approach to his administration to digital assets.
The vision was formalized on Thursday, when he signed an executive order that a working group in the field of digital asset markets founded. The order again confirms the dedication of administration to important crypto principles, including coding transparency, self-assured and honest bank access, with the aim of integrating blockchain technology in a responsible manner in the American financial system.
This idea of combining blockchain with traditional financial systems is VET and Graphite Network offers the means to make it happen with its scalable and conforming solutions that are tailored to the modern financial needs of banks and financial institutions of any size.
Speaking with crypto.news, Graphite Network Cto Marko Ratkovic said:
“Although it is clear that the world is changing and the new US government is more open to cryptocurrencies, concrete regulations are still in the air. However, what is certain is that Graphite Network offers the infrastructure banks to make this transition. We can help traditional finances make contact with the decentralized economy, and this support is just as important for mass acceptance as the regulations will be. “
Bank Integration Demo is built to take on urgent challenges for financial institutions while they have difficulty implementing the adoption of blockchain themselves via:
- Build reliable infrastructure: The Blockchain from Graphite Network is built on a proof-of-authority polymer 2.0 consensus mechanism, which ensures high security, scalability and energy efficiency. This will help financial institutions in adopting blockchain technology without jeopardizing their existing and old activities.
- Brugning and Empowerment of users: By integrating ZKP-based KYC processes and reputation scoring, graphite network bridges the gap between institutional requirements and user autonomy.
- Strategic partnerships: Graphite Network continues to collaborate with banks and other financial institutions and the coordination of blockchain solutions to meet specific needs.
The functions of other Bank-Conform Graphite Network
Predictable costs, even during peak activity
The layer 1 blockchain from Graphite Network is built to keep the costs reasonable, even during periods of high network activity. For banks and financial institutions, this predictability is crucial for managing costs and guaranteeing flexible activities. Ethereum, on the other hand, lagged in 2024, with reimbursements that were unpredictable – on average $ 3.52 per transaction during peak times. Such a volatility can disrupt cost projections and scalability, making Graphite Network a more reliable choice for settings that integrate blockchain technology.
Non-urgent KYC
The optional KYC system from Graphite Network is a game changer for balancing privacy and compliance. The system is built with zero-knowledge-resistant technology with which third parties can verify user data such as age or location without revealing personal information. This ensures data security and privacy and offers regulatory authorities and financial institutions a verifiable, in accordance with system. User data submitted during the KYC process are held off-chain to minimize the chance of data breaches or unauthorized access.
Trust score and interaction choices
The trust score of the graphite network reflects the reputation of a user based on things like their KYC status, transaction history, account activity and interactions with others. It even looks at whether fraud claims are associated with their account. Graphite Network does not, however, impose strict rules on – it lets users decide how they want to manage their interactions. They can choose whether they want to complete KYC, who needs to be tackled, how to filter transactions and more. This flexibility is important because it gives users control over their own decisions.
This is useful for banks because it enables them to have insight into the reliability of users without force everyone into a one-size-fits-all system. Banks can also benefit that users can set their own preferences, while they can still retain the opportunity to follow and assess the risk via the trust score.
Reputation -based smart contracts
Graphite Network also offers tools for banks and companies to develop smart contracts that take reputation tricks into account, making the adaptation of services for targeted user groups possible. For example, a bank can create a contract to only issue loans to customers with verified credit scores or a history of account activity that meets both business objectives and regulatory standards.
Targeted Fund Management
Graphite Network intends to introduce tagged addresses to improve transparency and accountability in blockchain transactions. These addresses will be linked to specific purposes, such as business -related payments or maintenance of loans, so that funds are led where they are intended. For example, if a bank transfers money to a address targeted by the loan allowance, it is clear that the payment is for that purpose. If the funds are later abused – say, spent on unauthorized transactions – the system will mark it immediately.
In addition, smart contracts can block transactions of suspicious addresses, so that an additional layer of security is added. Although this function is not yet live, it is an important step to make blockchain transactions safer and more reliable for financial institutions.
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Fair rewards, directly from the blockchain
Previously, Crypto.news reported that graphite network is the first platform with which transport (or entry point) junction operators can earn directly from the blockchain via a dual-layer junction system. Intry-Point nodes built-in transactions, earn 50% of the transaction costs in @G, while authorized nodes validate blocks, earn 100% of the costs for independent transactions and 50% for transactions with access point nodes.
This structure provides fair rewards for both types of nodes, creating a safe, scalable and stimulated network that transforms participation into an income chance. Marko Ratkovic, recently repeated one of the central visions of Graphite Network, in which it is explained:
“One of our most important goals is to democratize access to blockchain income. With our dual-layer node system we have ensured that participants can earn rewards at every level and at the same time support the growth and security of the network. ”
Bank integration Demo is closely linked to @G, the native token of Graphite Network, which is also woven into important operations in the network, including paying costs, verifying accounts, distributing rewards and more.
By giving priority to reputation, trust and scalability, Graphite Network offers a clear path for financial institutions to integrate blockchain in a responsible manner – an approach that could help leaders such as Donald Trump’s vision of the role of blockchain in traditional finances in one reality.
