AllianceBlock is creating a protocol that will bridge decentralized finance (DeFi) and traditional finance (TradFi) to help unlock the inherent value within each sector and exploit that value for each sector’s needs and goals.

The AllianceBlock Protocol is designed to reflect how TradFi can be built today with current technology. It incorporates new DeFi technology in a TradFi friendly manner, ultimately allowing it to facilitate services required by both spaces. AllianceBlock is doing this through the creation of a series of products.

AllianceBlock’s AllianceBridge product is being built to allow the AllianceBlock Protocol to better operate across multiple chains. The success of a DeFi ecosystem that encompasses both decentralized and traditional finance hinges on reliable, transparent, and compliant cross-chain capabilities.

To enable cross-chain capabilities, AllianceBlock sought a scalable solution to provide transparent auditability to their consensus node network that didn't compromise on security. Hedera Consensus Service met their requirements, capable of thousands of transactions per second with low and predictable fees.

Scheduled Transactions allow for AllianceBlock to create a layer-2 consensus node network. AllianceBlock’s consensus node network acts as a transaction bridge between blockchain networks using the Hedera Consensus Service. The bridge consensus node network monitor events added to the Hedera public ledger to perform a set of predefined functions across other networks.