Blockchain technology has come a long way since its inception over 15 years ago. Over the past decade, smart contracts—self-executing programs on a blockchain—have gained traction, initially for token generation and increasingly for commercial applications, such as tracking the origin and use of products. The European Union, for instance, has been actively pushing for greater transparency in raw-material-intensive industries, such as battery production.
While creating tokens is relatively simple, making blockchain technology accessible to non-experts is far more complex. Recognizing this challenge, CoreLedger developed a comprehensive operating system that runs on multiple blockchains, bridging the gap between complex smart contract-level details and a user-friendly interface with an API for rapid application development.
Beyond usability, cost and speed play a critical role in blockchain adoption. Developing a blockchain application from scratch is expensive and time-consuming, often requiring years of development before reaching maturity—an impractical timeline for most startups and corporate spin-offs. By the time a project is ready, the idea might no longer be relevant, or a competitor may have already launched a similar solution.
CoreLedger TEOS: The Blockchain Operating System for Industry
CoreLedger’s Token Economy Operating System (TEOS) functions much like an early version of Windows, but for blockchain. Instead of word processors and spreadsheets, TEOS enables users to create, manage, and trade digital assets while also facilitating documentation and traceability. Since its inception in 2017, TEOS has evolved into a mature platform, enabling industrial-scale tokenization and accelerated startup innovation.
When CoreLedger first developed TEOS, Ethereum was the only viable blockchain for industrial applications. However, Ethereum’s scalability and cost limitations quickly became apparent. As transaction fees skyrocketed and new programmable blockchains emerged, the challenge was no longer just about finding a blockchain—it was about selecting one that could provide long-term security, reliability, scalability, and low transaction costs.
The Search for the Right Blockchain: Why CoreLedger Chose Internet Computer
After evaluating numerous alternatives, CoreLedger found the ideal solution in Internet Computer (ICP)—a third-generation blockchain that eliminates many of Ethereum’s limitations and unlocks new possibilities for industrial applications.
Key Benefits of Internet Computer for TEOS
Unparalleled Scalability & Smart Contract Complexity
Unlike Ethereum and other EVM-compatible blockchains, ICP removes the constraints on smart contract size and transaction complexity. In practical terms, even an AI model can run directly on ICP—something that would be unimaginable on Ethereum due to its gas limitations.
Cost-Effective, Scalable Data Storage
Storing data on Ethereum-compatible blockchains is prohibitively expensive. While reading data costs practically nothing, writing data is one of the most expensive processes. CoreLedger has always separated documents into small on-chain components and large off-chain components to optimize costs. However, ICP now makes it possible to store data on-chain at a fraction of the cost—allowing full blockchain-based storage without traditional trade-offs.
Enhanced Privacy & Security
Unlike traditional public blockchains, ICP offers built-in encryption and controlled access to data. This is a game-changer for industrial applications, where companies need data security without self-hosting—avoiding competitive risks while ensuring compliance with regulatory standards.
Challenges in Porting TEOS to Internet Computer
Transitioning TEOS from Ethereum-compatible blockchains like Polygon to ICP was no small feat. However, the long-term benefits far outweighed the challenges.
Overcoming Ethereum’s Limits on Token Swaps
CoreLedger holds a patent for TokenWARP, a DeFi 2.0 algorithm that enables simultaneous execution of multiple asset swaps within a single transaction. On Ethereum, the process was limited to 30-80 swaps per transaction due to computational constraints. On ICP, these limits are virtually eliminated, enabling significantly larger-scale transactions.
Adapting to a New Address Format
ICP’s public addresses (Principals) have a different format and length compared to Ethereum’s 20-byte hex addresses. CoreLedger had to modify thousands of instances within TEOS to ensure seamless compatibility with any address format—an essential step for building multi-blockchain interoperability.
Integrating ICP with Microsoft-Based TEOS Architecture
TEOS is built on Microsoft’s technology stack, which initially lacked libraries for Internet Computer communication. CoreLedger had to find and integrate suitable libraries to bridge Microsoft’s infrastructure with ICP’s blockchain environment—a critical step for maintaining the platform’s flexibility.
The Future of Industrial Blockchain Applications with TEOS & ICP
This transition marks a pivotal moment for blockchain technology in industrial applications. With TEOS now running on ICP, businesses and startups can leverage:
- A scalable, blockchain-based operating system tailored for industrial applications
- Cost-effective, secure data storage comparable to cloud infrastructure
- Unparalleled transaction processing and smart contract capabilities
- Seamless porting of enterprise applications without extensive redevelopment
For companies considering blockchain adoption or transitioning to a scalable infrastructure, CoreLedger’s expertise in TEOS and ICP integration provides a reliable, future-proof solution.
Are You Ready to Scale Your Blockchain Project?
CoreLedger is excited to support startups and enterprises in adopting next-generation blockchain technology. If you’re exploring industrial blockchain solutions or porting existing applications to ICP, we’re here to help. You can book a free 30-minutes consultation call with our blockchain expert on our homepage.
