Easeprotocol.com directly implements ISO 20022 message standard as a blockchain smart contract

This groundbreaking development will enable financial institutions to leverage the globally recognized ISO 20022 standard to automate banking processes across different blockchain ecosystems.

The Ease protocol is an enterprise-level blockchain platform designed to promote widespread adoption through easy-to-use methods. It announced today that it has successfully integrated the ISO 20022 messaging standard to directly incorporate it into blockchain smart contracts. This development will enable financial institutions to easily automate banking processes in different blockchain ecosystems using the globally recognized ISO 20022 standard, which is replacing the Swift messaging system. These features will be tried soon on "Ease Testnet".

“By integrating ISO 20022 messages into smart contracts, we are building the bridges needed for traditional financial institutions to fully adopt blockchain technology,” said Ease Protocol Architect Douglas Horn. “For the first time, our smart contracts enable banks to automate these processes quickly and easily to increase their efficiency and reduce costs. Ease provides banks with compelling reasons to participate in blockchain technology, which will drive the global adoption of automated financial services across multiple blockchain ecosystems.”

This important new implementation includes sophisticated cross-chain bridge systems, easy management and select transactions between Ethereum virtual machines (EVMs), such as Ethereum, polygons and Binance smart chains. Future versions will also support Solana. The local digital asset of each Ease ecosystem, its atomic intermediate token (AIT) plays a central role in these cross-chain operations. When the AIT token is sent from the Ease blockchain to the EVM chain, the native AIT token is stored in the "Ease Bridge Manager" smart contract, while the wrapped AIT token (wAIT) is minted on the EVM chain in accordance with the ERC-20 standard. All bridge transactions in each direction are recorded in ISO 20022 format to ensure compliance with the messaging standards quickly adopted by financial institutions around the world.

The Ease protocol is developing a more powerful bridge system between Ease blockchain ecosystems that use mathematical proofs to ensure lossless operations. In addition to token transmission, these bridges will also give exchanges of native messages and ISO 20022 messages and actions, and together with the transfer, triggers selected smart contract actions. This will create a functional network of cross-chain operations, allowing banks of an Ease system to be used on multiple ecosystems and access smart contracts enabled by ISO 20022. For financial institutions, this represents an important competitive advantage, namely the ability to maintain regulatory compliance, while significantly reducing settlement time and costs for previously incompatible systems.

"Blockchain has long maintained an unfulfilled commitment to improve the efficiency of traditional banking systems," Horn added. "We are finally able to achieve this commitment in bank messaging with this new smart contract convergence. Ultimately, banks will have real reasons to enter the blockchain."

The complete technical details of the Ease protocol 20022 smart contract integration can be found in the "Ease protocol white paper" ( https://www.php.cn/link/8241b23ef1376599b08f3a51c8a5a61e .

About the Ease protocol

The Ease protocol is an enterprise-level blockchain platform designed to address key barriers to the adoption of limited blockchain in multiple departments, with a strategic focus on government and enterprise applications. By providing a single sign-on capability without direct private key management, regulatory compatibility, comprehensive development tools and enhanced security across chain capabilities, Ease Protocol provides transformative solutions for organizations seeking to implement blockchain technology at scale.

Contact: [Email protected]

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