Ant Group Launches L2 Network Jovay, Can the Professional Blockchain, Backed by Fintech Giants, Bring RWA to the Ground? In the current process of large-scale implementation of the blockchain ecosystem to real world assets (RWA), the bottlenecks of traditional public chains in terms of performance, security and compliance are becoming increasingly prominent, and it is difficult to meet the needs of massive assets on the chain and high-frequency trading. Mainstream public chain TPS is generally far lower than the needs of large-scale financial trading systems, cross-border asset issuance and trading face legal uncertainty and high compliance costs, and the ecology of mainstream public chains is difficult to support the needs of institutional-level asset issuance and custody, all of which limit the landing and popularity of RWA assets in the real financial market. To address these issues, Ant Group launched Jovay, an L2 blockchain network, to help RWA become a new asset in the financial markets through large-scale innovation. Jovay was designed from the ground up with high performance and safety in mind. In terms of security, Jovay drew on the L2 multi-verification idea proposed by Vitalik Buterin in the Ethereum community not long ago, and creatively proposed the ZK+TEE dual verification architecture to avoid single-point risks and greatly improve the final confirmation time. In terms of performance, Jovay has introduced off-chain elastic computing power to cover the whole process of transaction processing, proof generation, and intermediate data preparation, and is committed to ensuring the stability of products in high-volatility business scenarios, and achieving real-time performance standards comparable to traditional financial systems through public chain performance improvement, ensuring that RWA can seamlessly interoperate with traditional markets. In addition, in order to maximize the diversity of public chain tasks, Jovay has a built-in verifiable computing framework to support AI development of smart contracts, AI-driven transactions and other cutting-edge applications, and promote RWA penetration into more scenarios, such as Ant has already tried to make on-chain transactions on new energy equipment, and there will be huge opportunities in the field of financial asset trading and cross-border transactions in the future. ✜ The preview section has ended, and the remaining hidden hardcore content is here 👇