Ripple Network Successfully Tests First Smart Token Transaction

Smart Token Chain, Inc. (STC) has completed the first complete Smart Token transaction on the Ripple network.

This new smart token solution has the potential to be fast and highly secure for global value exchange.

Morris Mwanga, Chief Technology Officer at STC said:

“This testing validates the robustness of our blockchain solution, which leverages our patent-pending Smart Tokens, which enhance the speed, accuracy and security of transactions on a distributed ledger platform.”

It is reported that STC uses Ripple's Interledger protocol open platform to transfer payments between different networks around the world. Using the Ripple platform, it will also provide a detailed audit trail, which will make dispute resolution more efficient and reduce the frequency of occurrence.

“Connecting to the Ripple network makes Smart Token Chain a highly efficient and cost-effective way to transfer Smart ID tokens and other assets, or messaging tokens between counterparties. Our successful testing proves that faster, lower-cost, more secure global transactions are no longer a thing of the future,” said Tom Meredith, CEO of Smart Token Chain. “We have a clear vision for how Smart Tokens can enable interoperability between different blockchains in an increasingly fragmented market.”