Short Description: We aim to bring further institutions to the Polkadot ecosystem. We already brought Mandala Chain, Mosaic Chain, 2 MOUs (Indonesia/Bali, UAE/Dubai) and our whole CCTF team to the ecosystem. Through this proposal we seek funds for the expansion and development of G6 Networks for the good of Polkadot.
G6 Networks development is currently self-financed. Initially, we considered pursuing funding through the Decentralized Futures grant. However, due to the extended response times and associated delays, it has become impractical for us to continue waiting. Consequently, we have resolved to seek financial support from the Polkadot Treasury.
We have built the public chain and private chain runtimes and Mandala Chain is already using our physical devices as their underlying infrastructure.
Full proposal: Link to doc
Summary
G6 Networks excels in facilitating the adoption of blockchain technology for governments, banks, and enterprises by simplifying complex integration processes. Originating from CCTF DAO, a security auditing firm founded in 2021 by Six/David Pethes, the company evolved to meet the critical need for bridging traditional institutions with the Web3 environment using Polkadot's Substrate technology. Our mission focuses on delivering secure, user-friendly, and efficient blockchain infrastructures through the G6 devices, which are tailored to support private, permissioned, and cross-chain functionalities.
The technology underpinning G6 Networks leverages the Substrate framework and the Polkadot ecosystem, featuring an Enhanced Proof-of-Authority consensus, Zero-Knowledge security protocols, and a unique Path Tracing feature. This tech stack ensures seamless integration, privacy, and transaction integrity.
Key differentiators for G6 Networks include their physical G6 devices, which simplify the creation and connection of private chains, and their capability to offer interoperability across a broad spectrum of blockchain networks. The devices are customizable and come with robust security features, ensuring they meet the diverse needs of their clients.
You can find the previous discussion about G6 on the Polkadot Forum.
Website: g6.network
Whitepaper: G6 Networks - Simplifying Blockchain for Institutions
Proponent: 123LuJKS65HaBbLSdDS46ByeC7bvQwA1iUhTpmjigQAfUKpK
Date: 2024.04.19.
Requested budget: 244 200 USD (30148 DOT on EMA30)
Contact and responsible legal person for delivery: six / David Pethes of Crypto CTF OÜ
Hello from Polkadotters.
Making tools for institutional clients to use Polkadot tech, even if it's a private chain, seems to be a pretty good idea.
Besides that, we have known Gabo and Six for quite some time from their ambassador work and we are sure they will do their best to be successful and make Polkadot a great opportunity for institutional clients to onboard them. AYE.
With G6 Chains someone is finally taking G6 to real world institutions, integrate the technology in the industry will make the ecosystem something more than just good intentions.
The requested amount is low since working with hardware is more expensive than only software.
I totally support this project <3