Introduction

The world of finance is undergoing a transformation, with real-world assets (RWAs) increasingly finding their place on the blockchain. Jiritsu Network is at the forefront of this movement, building a cutting-edge platform for tokenizing and managing RWAs. This case study explores how Jiritsu leveraged AvaCloud, powered by the Avalanche blockchain, to overcome key challenges and build a secure, scalable, and efficient platform for the future of asset management and tokenization.

The Challenge: Bridging the Gap Between Traditional Finance and Web3

Jiritsu's vision is to democratize access to RWAs by creating a platform that simplifies tokenization, enhances liquidity, and ensures secure, private verification. However, translating this vision into reality presented significant hurdles. Existing Web3 solutions proved inadequate, often lacking the necessary features, ease of deployment, and proven track record to support Jiritsu's ambitious goals. Specifically, Jiritsu faced challenges in: 

• Features: Many platforms didn’t have the features to integrate with Jiritsu's sophisticated use of zero-knowledge proofs and multi-party computation.

• Deployment: Existing solutions often required extensive development resources and time-consuming deployment processes.

• Scalability: Jiritsu needed a platform that could handle the growing demand for RWA tokenization and transactions.

The Solution: AvaCloud – A Foundation for Innovation

Jiritsu chose AvaCloud, leveraging the power of the Avalanche blockchain, as the foundation for its platform. AvaCloud provided a comprehensive suite of tools and services that addressed Jiritsu's core challenges:

• Ease of Deployment: AvaCloud's ready-made infrastructure and intuitive portal streamlined the deployment process, allowing Jiritsu to focus on development rather than infrastructure management.  

• Scalability and Performance: The Avalanche blockchain's high throughput and sub-second transaction finality ensured that Jiritsu's platform could handle increasing transaction volumes and complex operations.  

• Security and Customization: Building on a dedicated Avalanche Layer-1 (L1) via AvaCloud provided Jiritsu with the security and customization needed for their unique requirements, including managing sensitive financial data.

• Interoperability: AvaCloud's support for interchain messaging (ICM) enabled seamless interaction with other blockchains and ecosystems, expanding Jiritsu's reach and potential partnerships.

• Gasless Transactions: AvaCloud's gasless relayer simplified the user experience by abstracting away the complexities of gas fees, making the platform more accessible to a wider audience.  

• Native Token Launcher: Streamlined the creation and management of Jiritsu's native tokens.

• Dedicated Support: AvaCloud's 24/7 support team provided expert assistance, ensuring a smooth development and deployment process.
  

Jiritsu's Platform: An End-to-End Solution for Asset Management

Jiritsu's platform empowers users to seamlessly manage the entire lifecycle of RWAs, from token creation to redemption. Key components of the platform, built on Avalanche with AvaCloud, include:

• ERC-20 RWA Contracts: Standardized contracts based on Jiritsu's Protected RWA base contract, registered within the Jiritsu system.

• Asset Deposit and Burn Proofs: Mechanisms for securely verifying asset deposits and withdrawals with custodians.

• Jiritsu Ledger: A permissioned L1 leveraging Avalanche consensus, ensuring secure and transparent record-keeping.  

• User API and Payment Contracts: Facilitating user interaction and seamless payment processing.

Jiritsu’s Tokenization Process:

1. Contract Creation: A tokenizer creates an ERC-20 contract, derived from the Jiritsu standard, and registers it.

2. Asset Deposit: The asset owner deposits assets with a custodian, generating a deposit proof.

3. Ledger Verification: The Jiritsu Ledger team verifies the deposit proof.

4. Token Minting: The asset owner mints tokens representing the deposited assets.

5. Transactions: Users buy, sell, and trade tokens on primary and secondary markets.  

6. Asset Withdrawal: The owner burns tokens, triggering the release of assets from custody.

The Results: A New Era for Real-World Assets

By leveraging AvaCloud, Jiritsu has successfully launched a robust and scalable platform for RWA tokenization. The platform offers:

• Enhanced Security and Transparency: Utilizing zero-knowledge proofs and the secure Avalanche blockchain.

• Increased Liquidity and Accessibility: Simplifying the process of tokenizing and trading RWAs.

• Reduced Friction and Costs: Streamlining asset management and reducing operational overhead.

• Faster Time to Market: AvaCloud's ready-to-use infrastructure accelerated Jiritsu's development timeline.

Conclusion

Jiritsu Network's innovative approach to RWA management, combined with the power and flexibility of AvaCloud, is poised to reshape the future of finance. This case study demonstrates how AvaCloud empowers organizations to build cutting-edge blockchain solutions, unlocking new possibilities for asset management and beyond.

About AvaCloud

AvaCloud is a managed blockchain service that enables teams to rapidly build, deploy, and scale decentralized networks customized for any use case. With a no-code portal, automated infrastructure, and 24/7 support, AvaCloud simplifies blockchain development, allowing businesses to focus on innovation and growth.  

About Jiritsu Network

Jiritsu Network is a pioneer in blockchain technology, specializing in the tokenization and verification of real-world assets. Through its innovative use of ZK MPC technology, Jiritsu is making digital asset management more accessible, efficient, and secure.

To learn more:

• Visit https://www.avacloud.io for more information

• Register or login to AvaCloud at https://app.avacloud.io to access the platform

• Contact the AvaCloud team to discuss pricing details sales@avacloud.io