CommerceBlock is a public blockchain infrastructure company that is architecting a platform that allows anyone to build and use financial products and services historically reserved for commercial banking customers. The CommerceBlock network will be the first technology platform that provides a combination of trust minimal trade, decentralised contract execution, on-chain derivatives, and asset-backed token issuance to public blockchains.
The advent of the Bitcoin protocol has enabled permission-less financial innovation. CommerceBlock’s product offerings provide a suite of tools that enables anyone to build and use services that construct contracts, manage trade flows, engage in multiparty dispute management, issue assets, and hedge currency risk. Developers and end users will be able to manage all stages of a business interaction and fulfil their contractual obligations by utilising the CommerceBlock platform.
These services will be integrated into infrastructure we have already implemented. We have released the first open-source implementation of the pay-to-contract and homomorphic address protocol outlined by Timo Hanke and Ilja Gerhardt. The protocol has been designed in such a way that all business logic, customer funds, and trade details are managed on the client side meaning at no point does CommerceBlock have access to customer funds or private information.
Building applications that leverage public blockchains must be done with the utmost care. There is a long history of poorly formatted transactions, improperly seeded signatures, overpaid fees and other such mistakes that have caused irreversible loss of funds. The CommerceBlock platform has been designed to abstract away these intricacies to end users, while still allowing them to build complex applications.
CommerceBlock has a suite of tools for both end users and engineers to construct and manage smart contracts with escrow and complex trade flows. Our clients will have access to protocols that use advanced cryptography such as zero knowledge proofs and homomorphic encryption. We have architected our platform to avoid being a central point of failure: all sensitive trade details and customer funds are managed on the client side.
Decentralization and Privacy
We understand your needs. Nobody wants their business logic posted on a public blockchain for competition to see. All business logic and contract details are hidden in zero knowledge on the most secure public blockchains in the world. Enjoy privacy and decentralized security at the same time.
Limited by a lack of liquidity, transparency and accountability between centrally managed financial institutions and their customers, capital markets do not operate as freely and efficiently as possible. By democratizing access to advanced smart contract tooling on public blockchains, CommerceBlock disintermediates and makes more efficient global trade. Now anyone can participate in online commerce without asking permission.