Zen Protocol is committed to creating a peer-to-peer financial platform on a public blockchain.

According to Forbes, the aim is “to create the well-known ‘decentralized’ ecosystem that would not depend on traditional banks and the old-fashioned infrastructure.”


Zen Protocol is already going to launch the first ‘block’ on its blockchain, the so-called Mainnet Genesis Block. The company says that the Mainnet Genesis Block will be the first instance of blockchain implementing general smart contracts without a virtual machine (NoVM) and targeting financial applications specifically.

“The Zen Protocol platform can be an asset for individuals and businesses because anyone can create and trade financial products (options, futures, digital currencies, insurance, loans etc.) anytime, anywhere, on a secure, proof-of-work blockchain,” Forbes writes.


By the way, the decentralized platform allows for smart contracts to have a real-world legal effect by enabling any businesses that wants to store and transact with real-world value on a digital level.

The company has already begun to establish working use-cases through a recent partnership with VinX, a digital platform that brings blockchain to the wine industry, allowing wineries to create wine futures.

The partner of Fintech section is