Melon: A decentralized asset management application launched by the former CTO of Ethereum

The new project "Melon", co-founded by Dr. Gavin Wood, former CTO of Ethereum and founder of Parity (Ethcore), and Melonport AG, will realize decentralized asset management applications for multiple blockchains.

Polkadot and Melon: Multi-chain network, asset management applications

Melon will provide users with a decentralized portfolio creation environment. It is reported that Melon will be the first application of the Polkadot multi-chain network. (Polkadot is a multi-chain framework designed by Gavin Wood, founder of Parity Technologies Co., Ltd., which allows multiple blockchains to interoperate)

Melonport said that because the portfolio is based on the blockchain, the cost of the portfolio will be greatly reduced. In addition, Melon also includes a modular property that provides rewards for developers and allows for quotes, exchanges and other details.

“We are excited to be embarking on this journey with Melonport. As the next generation technology that brings together open and enterprise blockchains, we believe Polkadot is well suited for Melon applications and welcome competitors to develop this technology in an open manner,” said Dr. Gavin Wood.

Openness and collaboration

According to Melonport’s founder, the Melon platform will allow users to invest and exchange portfolios in a transparent way. Anyone can use this open source project, which can be adopted by corporate asset management companies.

Many believe that blockchain technology will be an integral part of asset management. Recently, a report from Roubini ThoughtLab said that 64% of traditional asset managers are expected to use distributed ledgers within five years. In addition, Oliver Wyman released a report detailing the advantages of blockchain in asset management. The goal of the Melon project is to be able to promote this vision globally in a decentralized manner.

Melonport co-founder Mona El Isa, a former Goldman Sachs trader and hedge fund manager, believes that traditional asset management has limitations. El Isa said that the cooperation with Trinkler is beneficial and complementary. "We believe that the cooperation with Parity will also be very complementary and will help make this idea bigger," El Isa explained.