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The Bridge Protocol – an open distributed network

The Bridge Protocol is an open, distributed network of trusted machines and users promoting behaviors, standards and enforcement mechanisms to provide real-world value and application. The system facilitates an ability for users to deploy business processes that comply to existing standards and regulations. Their private blockchain will provide secure processing of assets, with an aim to guarantee trusted execution using smart contracts, eventually backed by real-world regulatory compliance in the nation which they occur. The system will be comprised of trusted virtual machines, providing user accessible functions for enterprise-grade business operations.

THE BRIDGE PROTOCOL

The Bridge Protocol Corporation is implementing a microservices architecture for business applications that uses the blockchain for management of activities relating to smart contracts, services and general logic processing on its network. A microservices-based architecture will promote continuous development of applications available on the Protocol, consistently enhancing service granularity to provide a robust marketplace for businesses. Through this principle, Bridge will create an environment where crossblockchain interface development can take place and be rapidly deployable, modular and trusted.
The Corporation will operate as a Certificate Authority on a Blockchain. The Protocol is designed to provide identification services that have high assurance, portability and broad application. This first service offered will foster growth in the Bridge marketplace and address those issues previously highlighted in this document.

BRIDGE COMPONENTS

 bIMS

Bridge Identity Management System manages issuance, revocation and verification of identities on the blockchain. Their unique Bring Your Own Key system allows the user to share only the data they select, when and where they want.

 Bridge Certificates

Issued on pre-set classifications, users are granted permissions to participate through their public address. Tier functionality allows access to contracts through easy integration of code for all ICOs and marketplace agreements.

 Marketplace

IAM tokens allow access to storefronts for legal agreements, ICO templates, verification, development opportunities and microservices at community-driven costs.

SOLUTION FOR ICOS

Bridge will aim to reduce legal costs and improve verification assurance. This will occur through digitalization of compliant standards for deployment in ICOs. A Bridge Certificate will be created and users will begin network integration by selecting a preferred verifier service in the marketplace. Through key usage extensions recognized by the Bridge Identity Management System, Tiers are assigned to the certificate. It is signed and ready for use on the network, accessible to ICOs based incorporated logic in contract to whitelist participants; the Tiers act as an immediate gatekeeper and layer of assurance to all parties.

MARKETPLACES

The Bridge ecosystem revolves around a microservices marketplace. Personal identity verification and legal microservices are the first storefronts that will be available. Service providers will be able to request a digital storefront after a vetting process from the Bridge Corporation and trusted third parties. Bridge Protocol standards must be adhered to in order to be an accessible storefront.

BRIDGE TIER STOREFRONT

The company storefront will offer its first microservice for KYC process integration in the NEO Smart Economy. Bridge Tiers will be compromised of non-sensitive and vague user traits that will be sufficient for KYC compliance while not being uniquely identifiable to individuals. Not only will identity be tiered and sensitive information kept off the chain, but Bridge will give users power to securely transact with their own encryption when necessary.

 

For more information, visit the website or read the whitepaper.

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