Open Custody Protocol

The website says that Qredo is authorizing technology to make the digital asset business of the future and carry a stake in it. Any single party cannot hold Qredo protocol and code, as the token's core is a community. Qredo network is driven by an open and distributed web of Qredo validators that use multiparty computation (MPC) protocols. These protocols manage the market activity of users, authenticate transactions, and vote on the new blocks. 

As per the whitepaper, Qredo's network is created to address the hurdles established financial firms face while joining the DeFi space and delivering an open protocol that continuously revises the capability with the help of its DAO and community. Qredo seeks to offer a Layer 2/Layer 3 decentralized infrastructure with programmable management to promote asset custodian acceptance or allow easy self-custody for digital asset dealers looking for good class digital asset control.  

The critical point is that Qredo is not dangerous for digital assets' centralized custodian's business standards. Qredo aims to give an option for centralized custodians to expand the business and sustain relevancy as the world adopts the decentralized infrastructure. The centralized custodians use an existing architecture to handle Qredo clients, which develop custodian consent transactions and present customized programmable governance flows to the customers.  

Furthermore, Qredo developers work with a 'network is the vault' layout ethos in mind. Instead of storing ownership data in a centralized database, the token's protocol aims to support asset ownership privileges on a decentralized ledger. Therefore, the conclusion is that a decentralized ledger seeks to ensure the data is stored in a safe and secured place and cannot be modified in any case.  

The governance officers can seek to get operational confidence that business assets are secure because the compliance regulations that control trade flows are written into Qredo's blockchain. The action is similar to the ownership information, thereby seeking to provide more data integrity by utilizing an immutable and durable data store. 

Anthony Foy is the CEO of the token. Foy is a serial entrepreneur and digital veteran with 20+ years of experience in VC- backed development companies.