This is a very exciting project to keep an eye on in RWA space.
RWA needs following to succeed.
- Compliance - Follows Govt Regulation
- KYC - Every address needs to do KYC
- Fast, cheap and non dropping transactions
- Security of the smart contracts
- User Data privacy
Meet Redbelly- A non forkable chain, which has been in research since 2015/2016 at University of Sydney. Professor Vincent Gramoli the CTO is a well respected and highly quoted in the field of Crypto research world. They have support from Australian Govt and got a grant from them.
In test settings, it produced more transactions than Solana and produces 1000s of smart contract transactions per second. Which makes it in top league of blockchain space.
It is finally about to launch this quarter with 3Bn of asset coming on it's chain. Another 7Bn is already committed from realtors in Australia.
Hear this space for more details info on it. https://twitter.com/SCGroupVC/status/1750987056648446072?s=35 Show Less