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Aleph Zero

Aleph Zero

Aleph Zero is a Zug-based peer-reviewed public blockchain platform with private smart contracts built for enterprise, Web3, and DeFi use cases.

OverviewStructured DataIssuesContributorsActivity
Overview

Aleph Zero is a developer of a blockchain platform designed to solve shortcomings in current infrastructure layers in industries such as the Internet of Things, automotive, ESG, and healthcare. The company's platform offers high speed, scalability, and a set of privacy-enhancing features based on the secure multi-party computation research. The company was founded in 2018 by co-founders Adam Gagol, Antoni Zolciak, Birk Hintze Thisted, Matthew Niemerg, and Michal Swietek and is located in Zug, Switzerland.

The company offers a privacy-enhancing, proof-of-stake public blockchain with instant finality. The network is built for enterprise and uses a Directed Acrylic Graph (DAG)-based consensus protocol that has been peer-reviewed. The company uses DAG as an intermediary data structure that can still be considered blockchain. The company aims to solve the issues of security, scalability, and decentralization with DAG.

Platform

Aleph Zero's platform is based on the company's privacy-enhancing public blockchain. The platform offers a wide range of potential applications, capable of operating as a public ledger and a private instance connected to the public ledger. This is to allow enterprises to build decentralized projects that benefit from speed and security of a public DLT platform while being able to preserve the privacy of their transactions.

The features of the platform include scalability, offering around 100,000 TPS in a decentralized system; a peer-reviewed protocol and accepted for publication; near-free value transfer transactions; decentralized, implementing a large, rotating, and random committee to achieve proper decentralization; common wallet and decentralized exchange capabilities; private smart contractions for automated functions and programmable contracts; a hub-and-spoke model to allow users to sync their application to Aleph Zero's ledger; and file storage, with API hooks to allow for seamless integration into InterPlanetary Fill System (IPFS) and proprietary data solutions.

Ecosystem

The Aleph Zero ecosystem is a multichain platform capable of synchronizing with other blockchains and running smart contracts. Its privacy framework can be used on all major chains, including the following:

  • AlephBFT—an original, peer-reviewed, DAG-consensus protocol
  • Cloud—decentralized file storage or IPFS
  • Private smart contracts—offers scalable, self-executing, private smart contracts
  • Common—decentralized exchange and a decentralized dark pool
  • Liminal—multichain privacy layer usable across networks that bridge to Aleph Zero
  • Substrate integration—AlephBFT is integrated with the substrate stack to ensure wider adoption and premier user experience
  • Oracle—information bridge between the external world and the Aleph Zero ecosystem
Use Cases

The features and capabilities of Aleph Zero's platform, along with new systems being built to provide the features and interoperability that people expect to be available, make DLT and smart contract systems a possible answer to a lot of use cases, such as equity and securities. Aleph Zero further sees the company's platform as capable of driving the adoption of Web3. Other use cases Aleph Zero suggests, include the following:

Aleph Zero suggested use cases

Use Case
Description

Asset digitization

The use of smart contracts, or digital paperwork, could be used to simplify the process of buying and selling certain types of assets, such as real estate, receiving loans, and holding stocks or bonds. Rather than requiring many agents and lawyers and paperwork in a low trust environment, the smart contracts can enforce these, meaning the payments can be automated, and zero trust, and for the person, in the case of real estate, receiving an asset, they need not worry about paying for an asset and not receiving said asset.

Automatic payments and shared revenue agreement

In the case of automatic payments and shared revenue agreements, Aleph Zero suggests the company's protocol could provide transparency and efficiency to revenue sharing models, removing the need for trust and audits. It could simplify the agreements The parties involved could use a simple UI that would allow them to create smart contracts based on the contract agreed to by the different parties. They could generate such a contract for a given period of time and from that point, both parties would be able to receive mutual benefits without unnecessary additional work.

Automatic tax payment

With the increasing possibility of developing automatic tax payments, Aleph Zero suggests their platform could be used to optimize and preserve tax payment and eliminate security risks. With transactions on Aleph Zero, the public ledger and smart contracts could be used to calculate and charge the taxes automatically and correctly. Automatic tax payments could also make cross-border VAT settlements seamless, and with a broad implementation, it could even completely remove the need for accounting, or at least for issuing invoices.

Databases

In the case of databases, centralized solutions offer greater speed than decentralized databases, but Aleph Zero considers its technology capable of offering a decentralized database capable of near similar speeds to a centralized database. As well, a group of companies could share some parts of the Aleph Zero database, and gain efficiency and transparency in their operations. In this setting, the companies would not have to trust each other, and could make better decisions, possibly speeding up the growth. The fees for blockchain databases are considered another hurdle for decentralized databases, but Aleph Zero could offer a mining-free and minimal-fee decentralized database.

Decentralized domain name system (DNS)

Aleph Zero believes its platform could be a foundation on which to build a decentralized DNS service built into web browsers, and become a technological trust layer of the internet which would not allow for malicious altering of the end IP address on the DNS side, and not need certificates to vouch for the websites legitimacy or to encrypt the connection.

Aleph Zero roadmap

Aleph Zero's planned roadmap towards developing their platform and offering it for more people moves from Phase 1 to Phase 6. In early 2022, the company was in Phase 3 and Phase 4, which includes:

  • native token transfers
  • Polkadot.js working with AO
  • Rust implementation of AlephBFT consensus
  • Validators rotating based on centrally managed authority list

While Phase 4 of the company's roadmap includes:

  • Validator elections
  • Basic node update mechanism
  • Basic smart contract capabilities
  • Benchmarks for Aleph-node and AlephBFT
  • Privacy: Liminal-ZK and Liminal-MPC research

The company's Phase 5 includes:

  • Enable community to run devnets
  • Bridges 1.0: Kusama, Ethereum
  • Account explorer
  • Custom webwallet

Phase 6 includes:

  • Experimental transaction fees
  • Bridges 2.0: Polkadot, Cosmos, and BSC
  • Advanced note update mechanism
  • Custom explorer
  • Privacy: liminal prototype, private smart contracts

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Aleph Zero (AZERO) - THE SOLANA KILLER! CRAZY! (2022)

https://www.youtube.com/watch?v=mrLa36-p-PQ

Web

January 26, 2022

Aleph Zero Blends Public Blockchains, Private Smart Contracts

https://www.banklesstimes.com/news/2021/07/24/aleph-zero-blends-public-blockchains-private-smart-contracts/

Web

Aleph Zero Blog - Aleph Zero Foundation Blog

https://alephzero.org/blog/

Web

February 7, 2022

Aleph Zero Foundation, AZERO, A0: The Team

https://www.youtube.com/watch?v=QIvrkZVyuJg

Web

August 26, 2021

ALEPH ZERO INTERVIEW: The Most Complete Blockchain to date? - CRYPTO GEM

https://www.youtube.com/watch?v=-RVzEAa115E

Web

April 1, 2022

References

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