I think Jwallet should be released any day now according to the medium post. I'm looking forward to seeing it

Hi there, some clarifications below - please feel free to join the discussion on telegram if you'd like questions answered directly.


Generally, the API calls provided by Infura are quite limiting. So we powered our jProducts with our own nodes.

We then needed to build node management tools as ETH nodes go down frequently. With this solution in place, we decided to offer it publicly, leveraging JNT as well.



We're working hard towards this and will hopefully deliver as planned.
We've experienced a few bottlenecks (primarily front-end development) with all our devs working hard towards a jCash open alpha.




Proof of Solvency is just a bidding staking mechanism to facilitate the trading of traditional assets on-chain.

All banks are required to maintain a capital adequacy requirement, to ensure any liabilities are sufficiently backed.

For crypto-fiat, we use JNT in smart contracts to prove that the system is solvent against CryDR liabilities. So if there is 10 jUSD represented, we hold the equivalent value in JNT for immediate redemption (i.e. a user can send 1 jUSD and receive the equivalent in JNT and liquidate that). As long as the DAO is holding more value (in JNT) than it has committed in liabilities (CryDRs), users can trust that the system is sufficiently solvent, should all users decide to redeem their CryDRs at once.

In addition, in certain transactions, an escrow is used to facilitate the transaction.
E.g. If I want to sell a house, I may use a third party escrow agent to facilitate the transaction.

So if you tokenize an asset, you need to put the equivalent value in JNT locked in a smart contract, as long as the underlying asset is still in your name. Once the asset has cleared (i.e. transferred to the new user), the JNT can be redeemed.

This is to prevent people from selling token representations of off-chain assets, and then exiting their positions off-chain.
i.e. selling the house, while the other user only holds a token, and no capital markets real estate other regulator has adopted a tokenized ownership system.


Hope that helps clear some things up!

That was a good AMA, can't wait for another one.
AMAs can really increase the number of people that are interested in the project

Project looks good but will it be listed on cmc?

In principle, Jibrel Network seeks to solve the same problems as other financial trading companies built on the block. By attracting financial instruments to the block chain, the platform seeks to solve such problems as high pay and a slow transfer time.

when customer can using JNT token to hold their fund by Jcash ?

Jibrel is Licensed as Financial Intermediary by VQF

The Jibrel Network provides traditional financial assets, such as currencies, bonds, and equities, as standard ERC-20 tokens on the Ethereum blockchain. https://www.nasdaq.com/press-release/jibrel-is-licensed-as-financial-intermediary-by-vqf-20180522-00305

Bitcoin Garden: Swiss VQF Licenses Jibrel as Financial Intermediary
https://bitcoingarden.org/swiss-vqf-licenses-jibrel-as-financial-intermediary/

Jibrel AG is now an official member of the Association for the Quality Assurance of Financial Services (VQF), which confirms its status as a licensed financial intermediary in the Swiss parabanking sector. VQF is the oldest and largest cross-industry Self-Regulatory Organization (SRO) to meet the criteria set forth by the Financial Services Standards Association (FINMA).

These organizations are put in place to ensure that due diligence requirements are met by its members, providing financial intermediaries an efficient alternative to a more bureaucratic supervision by FINMA. Members of the VQF organization, such as Jibrel, are certified to maintain strict compliance with the Anti-Money Laundering Act in Switzerland.

Accordingly, Jibrel AG partnered with Lexpert Partners to ensure its services stay in line with VQF requirements while its Jibrel Network continues to grow as a platform. As the AML partner, the fellow Zug-based firm will act as an officer to all initial and subsequent Know Your Customer (KYC) and Anti-Money Laundering (AML) duties on the Network....

Jibrel Network is completely another platform that proves and manages different types activities will performed and implemented in block chain. Yes, jibrel network is an another ERC20 token implemented in ETH blockchain.