Creating a security token specific blockchain is something that has not always been in the cards for Polymath. When we began with our platform on Ethereum, we imagined it to be the perfect solution for issuers and institutions welcoming the security token revolution. But after speaking with thousands of players in the space, we came to realize that although Ethereum has been the perfect place to launch and test our security token technology, key elements are missing that hinder wider adoption. The nature of Ethereum means that confidentiality, compliance, identity, and governance need to be built on top of the blockchain or worked around entirely.
With Polymesh, we’re building a blockchain specifically for security tokens. We’ve made confidentiality, identity, compliance, and governance key design principles in the architecture, working them into the ideation and the foundation of the chain, to create an enterprise-grade platform that drives the acceptance and adoption of security tokens. We’re excited to release the Polymesh Whitepaper to show how we’re using these four design principles to guide the creation of our blockchain, as well as other details on the design and architecture of Polymesh.