[ update Jul 1, 2021 4:51PM EST ]
We’ve found another minor glitch that will result in a “success” transaction but no upgrade event.
This will not affect the total balance or prevent you from any other activities. This will consume gas much like a failed transaction.
We have found that the issue relates to our upgrade.shyft.network dApp’s rounding of floating point numbers in comparison to the input fields (human readable) and the ‘wei’ value in the background.
We can see this in the first completed Upgrade that emits Logs and Events. The second has not completed, the transaction is…
Shyft Network was designed as a cross-chain, general purpose, smart contract infrastructure to support use cases that require compliance, identity & trusted data requirements.
As we move closer to the launch of mainnet, we have identified use cases and areas of opportunity where the network and it’s layer 2 smart contract infrastructure can truly shine. Our development team has rolled out a series of improvements to upgrade our Ethereum smart contract and we want to invite our community to join us in this exciting next step. …
Veriscope and Shyft Network’s response to FATF Draft Guidance on Virtual Assets and Virtual Asset Service Providers
Last March, the Financial Action Task Force (FATF) issued a Public consultation on FATF draft guidance on a risk-based approach to virtual assets and virtual asset service providers. Their high-level objective is simple: to update its Guidance on the risk-based approach to virtual assets (VAs) and virtual asset service providers (VASPs).
As long-time players in the crypto industry, the decision to participate in the consultation was an easy one. The Guidance is an extremely important piece of international policy for our industry; it…
Barbados, March 10, 2021 — Shyft Network, the blockchain-based identity verification platform that enables compliant DeFi for institutions, has completed its latest sale round with major industry participants including Spartan Group, Coinfund and GSR. The sale garnered a lot of interest from both blockchain and crypto-based users.
The star-studded roster of participants includes Spartan Group, Bitfury, Blockchange, Morningstar Ventures, CoinFund, BlockTower, Maven 11, Connect Capital, GSR, Bering Waters, LD Capital, Ybb.io, CoinIX, TRG Capital, and Digital Finance Group.
What is Shyft Network?
Shyft Network is a public blockchain protocol designed to aggregate and embed trust and validation into data stored…
Bridgetown, Barbados — The Shyft Node Federation, the collective of Shyft Network validator nodes, in collaboration with Chainsafe, is excited to announce the deployment of the Shyft Network Bridge on the Shyft Mainnet, a critical piece of interoperative technology that will enable cross-chain asset transfers in a safe and secure manner.
Over the past few months, the Shyft Network has reached several important milestones, including the release of the SHFT token on Ethereum, the SHFT token upgrade and the deployment of the Shyft Federation and the launch of the Shyft Network on July 7th, 2021. The collaboration between the Shyft…
Bridgetown, Barbados — We are delighted to announce our partnership with Kylin Network, the cross-chain data infrastructure powered by Polkadot, to collaborate and build cross-chain data infrastructure for Decentralized Finance (DeFi).
Shyft Network’s opt-in compliance infrastructure, such as whitelisted addresses and Anti-Money-Laundering (AML) and GDPR compliant systems, will be further strengthened by Kylin Network’s data infrastructure and oracle systems.
Kylin Network commits to provide required datasets to Shyft Network, allowing it to build a “compliant DeFi” framework, which would allow institutional funds and financial institutions from capital markets to deploy funds into the DeFi ecosystem in a secure and compliant…
Bridgetown, Barbados, August 17, 2021 — Today, Shyft Core, in collaboration with Binance, Deribit, Bitfinex, BitMEX, Tether, Huobi and other collaborating Virtual Asset Service Providers (VASPs), announced the launch of Veriscope, a decentralized compliance framework and smart-contract platform for VASPs to enable travel rule compliance.
Participating exchanges are collectively initiating the phased deployment of Veriscope on the Shyft Network, a decentralized infrastructure designed to aggregate and embed trust, validation and discoverability into data stored on public and private ecosystems.
“In 2019, the FATF tasked the industry to develop a technical response to the Travel Rule (Recommendation 16). This was no…
We are excited to announce our latest partnership with Tapmydata, a decentralized data protocol enabling people to own their digital identity and earn crypto, while allowing companies to rebuild trust. Tapmydata are able to achieve this through using Privacy by Design and blockchain technology to keep the score. With this partnership, Shyft Network will be able to integrate Tapmydata’s innovation of allowing users to utilize their data to stake in the DeFi market.
The issues surrounding online data and its uses have increased especially due to social media and the growth of the internet. The importance of data and identity…
Hello everyone! Welcome to the first official Shyft Network AMA.
It has been quite a ride so far and we are very excited for what’s in store for Shyft Network.
So, why don’t we start by introducing the co-founder team that will be participating today.
Chris Forrester and Bruce Silcoff, please give the community a short intro, who you are, what role you play and, more importantly, why
My name is Bruce Silcoff and I am a Co-Founder of Shyft, Head of Enterprise and Global Services, and CEO of PerseID.
I am a serial entrepreneur with a 30+…
We started Shyft Network with the view that one day our ecosystem would require critical infrastructure to ensure its stability. Now, more than three years later, that day has come; as international regulatory guidance begins to take shape, we begin to introduce infrastructure that aims to solve global challenges faced by ecosystem participants.
The Shyft Network roadmap spans multiple years, but is not limited to our roadmap alone; rather, the future development of Shyft will also be dependent on where our industry goes, and the challenges that present themselves across institutional adoption and regulatory guidance.
The goal of introducing Shyft…