In June, IMDA's TradeTrust department published an article on how Stability's Global Trust Network (GTN) has helped to significantly accelerate TradeTrust adoption.
These figures are all based on MainNet use – live, real world deployments, and the picture the data paints is remarkable:
- Over the past 18 months since Stability joined the TradeTrust ecosystem, TradeTrust document issuance has more than doubled.
- In the past 12 months, the GTN has issued 54.4% of all documents ever issued under the TradeTrust framework - more than four times the combined volume of all the other (crypto-blockchain) networks, and in less than half the time they’ve been on TradeTrust.
Registry growth tells the same story:
- In the past 12 months, 60% of all new mainnet token registries deployed across the entire TradeTrust ecosystem were on the GTN. Each registry represents an organisation actively building production infrastructure using the TradeTrust framework and choosing the GTN to anchor their trade documentation for real-world use.
- In the past 12 months, the GTN deployed 75% more new registries than the next most active network in the same period.
As a reference, Ethereum has been a TradeTrust partner since 2019. Polygon since 2022. XDC since 2023. These are some of the world's biggest blockchains, who've been in the TradeTrust ecosystem since before we joined. Our ability to surpass them in live real-world use reinforces our thesis that public blockchains are a powerful technology for all - but only if you eliminate complexity. That begins with removing cryptocurrencies.
If you've ever been curious about blockchain tech but were put off because of issues with cryptocurrency - whether technical complexity, regulatory challenges, security concerns, or just because of the countless scams associated with the crypto space - the Global Trust Network is for you.
It's a public blockchain that's pure API-based data architecture with zero cryptocurrencies, built to make blockchain technology accessible to everyone. And we've included smart-contract templates for the most common use-cases - read/write, whitelists, key-value storage, audit logs, voting, and multisigs - so everything is plug n' play and you can be up and running in minutes.
🔗 IMDA TradeTrust article: https://lnkd.in/e2PZUvBu
🔗 Stability smart contract templates: https://lnkd.in/e8e3iqS7
Trade, supply chain, and logistics
How Stability's Global Trust Network (GTN) is accelerating TradeTrust adoption
Stability's GTN - the only public cryptoless blockchain - has driven over half of all TradeTrust document issuance and 60% of new registries in the past 12 months, solving the crypto barriers that had stalled eBL adoption industry-wide.