Cross-chain
Interoperability

To ensure interoperability across the blockchain, consistent functions are key. CoreLedger’s Token Economy Operating System (TEOS) simplifies asset movement, future-proofs blockchain strategies, and ensures meaningful utility every step of the way.

cross-chain

Why
Interoperability Is Key as Blockchain Evolves

Initially, Ethereum was the dominant blockchain platform. As scalability issues arose, however, new blockchains with optimal transaction costs, speeds, and smart contract capabilities began to develop.

This diversification made interoperability a key challenge. Suddenly, projects needed to ensure functionality and liquidity across different blockchains, requiring effective cross-network communication.

CoreLedger’s Agile Solution: TEOS

TEOS implements a common protocol for all artifact types, including simple documents, NFTs, fragmentable NFTs, fungible tokens, and any sub-variation of fungible tokens. Regardless of where TEOS is deployed, it builds the same set of basic functions into the artifacts.

Globally Unique Artifacts

TEOS embraces the concept of globally unique artifacts. Each artifact can be fragmented into the smallest possible units (bits), where each bit has a unique identity across different chains. This allows for the logical grouping and linking of artifacts, regardless of the blockchain on which they reside.

Cross-Chain Linking

As an example of cross-chain linking, a token on the Ethereum network representing an usufruct claim to part of a real estate property’s rent can be linked to notarized and timestamped documents on another chain. This cross-chain linking is vital for financial services, investment-utility models, games, and more.

Dual-Chain Advantages

By combining an investment token on a highly liquid blockchain like Ethereum with a utility token on a scalable, low-cost chain, CoreLedger’s TEOS brings the advantages of both chains to fruition.

Benefits of Cross-Chain Interoperability

Addressing Regulatory and Market Challenges

In today’s regulatory environment, using multiple tokens rather than a one-size-fits-all approach is both practical and recommended. TEOS supports this by operating on any private or semi-private chain, enabling diverse utility models. As token sales become more complex, TEOS’s versatility ensures legal compliance and tangible utility, facilitating the optimal combination of utility and investment through multiple tokens.

Simplified Asset Movement and Interoperability

With inherent compatibility, TEOS makes moving assets between different chains simple. The white-label portal facilitates all basic over-the-counter (OTC) processes out of the box. As a result, redeeming a token for another across chains can be fully automated with no coding.

Future-Proof Your Blockchain Strategy

Even if cross-chain interoperability isn’t necessary today, creating a token on TEOS ensures flexibility for tomorrow. In turn, interoperability can be added at a later date without the need to rebuild the entire system from scratch.

Conclusion

CoreLedger’s TEOS is a powerful tool that enables cross-chain interoperability. By providing a common protocol for all types of artifacts and ensuring globally unique identities, TEOS supports seamless interaction and linking across blockchains. This is a must-have capability for financial services, investment models, games, and beyond.