Jibrel Network White paper Introduction
the jibrel network aims to facilitate the digitization, listing and trading of traditional assets such as currencies, bonds and other financial instruments, on the blockchain. The Jibrel Decentralized Autonomous Organization (Jibrel DAO) will allow platform users to deposit cash, money market instruments or create their own Crypto Depository Receipts (CryDRs) and benefit from on-chain / off-chain arbitrage. Decentralized organizations and funds that are overexposed in digital currencies can hedge their positions and protect their funding with stable assets. Furthermore, jibrel will provide developers with a complete platform to build tools and applications for transacting, investing and hedging, through leveraging traditional asset-backed tokens.
In addition, jibrel will enable instant, near-zero fee, global payments and remittances in the form of fiat to fiat transactions that can be undertaken through peer to peer, business to business or consumer to merchant channels.
This white paper outlines the core components comprising jibrel, how they interact, and aims to demonstrate how the network can be built-out efficiently using existing infrastructure.
What is the Jibrel Network?
The Jibrel Network provides currencies, equities, commodities and other financial assets and instruments as standard ERC-20 tokens on the Ethereum blockchain.
What are CryDRs?
CryptoDepository Receipts or CryDRs are tokens representing a traditional financial asset’s value, denominated in Jibrel Network Tokens or JNT (e.g. a USD CryDR holds 1 dollar’s worth of JNT).
What can CryDRs be used for?
Fiat CryDRs can be used for remittances, global payments, trading and hedging. CryDRs can also be used to create automated and decentralized financial instruments, such as bonds, commodities, debt instruments and securities.
What is Smart Regulation?
CryDRs have smart regulation built in: real world rules and regulations translated into Solidity code and deployed on the Ethereum blockchain. Ensuring that, while decentralized, CryDRs always follow real world rules and regulations.
What is jCash?
jCash is the first currency roll-out. USD, GBP, EUR, RUB, AED, and CNY CryDRs will be made available.
Jibrel Network Whitepaper pdf:
Jibrel Network - White Paper
