Jiritsu Layer 1 Revolutionizes Real-World Asset Tokenization with Avalanche's Subnet Technology

Jiritsu Network, a leader in verifiable computing, has launched Jiritsu Layer 1 built on Avalanche's Subnet technology. Powered by Zero-Knowledge Multi-Party Computation (ZK MPC), Jiritsu aims to transform how complex real-world assets (RWAs) are represented, verified, traded, and utilized on-chain. This technological breakthrough addresses challenges in EVM computation, off-chain data ingestion, and automated workflows based on off-chain triggers.

Jiritsu Layer 1: A Revolutionary Advance in Real-World Asset Tokenization

Jiritsu Network Unveils Game-Changing L1 Platform Built on Avalanche's Subnet Technology

Jiritsu Network, a visionary in verifiable computing, proudly announces the launch of Jiritsu Layer 1, meticulously crafted upon Avalanche's innovative Subnet technology stack. Utilizing Zero-Knowledge Multi-Party Computation (ZK MPC), Jiritsu aspires to transform the seamless integration, verification, transaction, and optimal utilization of intricate real-world assets (RWAs) on blockchain networks.

Overcoming prevalent limitations in EVM computation, off-chain data ingestion, and workflow automation contingent on off-chain triggers, Jiritsu's groundbreaking technology powered by ZK MPC has achieved remarkable strides in resolving these fundamental challenges.

Jiritsu's Inaugural Collaboration with Everready Group

Jiritsu's versatile applications extend to a diverse range of on-chain use cases, with its Layer 1 debuting in collaboration with Everready Group, a prominent retailer of medical supplies and equipment, retail products, home goods, and an extensive array of other offerings in both the wholesale and e-commerce sectors. Everready, a leading participant in Amazon's Fulfillment by Amazon (FBA) program, has strategically adopted Jiritsu's "Proof of Inventory" solution to meticulously verify inventory levels. Jiritsu's robust platform currently authenticates over $20 million in daily inventory, facilitating monthly transactions exceeding $15 million and seamlessly managing a vast catalog of over 100,000 SKUs.

This pioneering partnership marks the inaugural deployment of Jiritsu's transformative technology, bolstering Everready's unwavering commitment to precision and unwavering dependability in supply chain management.

"Embracing Jiritsu Proof represents a pivotal leap forward for Everready and indeed the entire e-commerce landscape," proclaims Michael Perl, CEO of Everready. "By harnessing this cutting-edge technology, we now possess the capability to verify and safeguard an immense daily inventory, underscoring our unwavering dedication to transparency and building trust in every transaction. This strategic move not only enhances our operational capabilities but also sets an unparalleled benchmark for asset management in the digital era."

ZK MPC Technology: The Cornerstone of Jiritsu's Layer 1 Network

The ZK MPC technology, the cornerstone of Jiritsu's Layer 1 network, meticulously verifies and authenticates critical information pertaining to off-chain assets, which often lack transparency and standardization, ensuring their accurate and transparent representation on-chain. This breakthrough empowers more robust asset tokenization, unlocking a multitude of on-chain use cases in supply chain, logistics, wholesale and retail banking, capital markets, and other diverse sectors.

Jiritsu's comprehensive capabilities hold the potential to significantly reduce the complexities, expenses, and time constraints associated with conventional asset transactions and processes, while simultaneously enhancing privacy, security, and trust.

"Ava Labs is honored to continue expanding the frontiers of asset tokenization through collaborative initiatives with visionary partners in the ZK and asset tokenization domain, such as Jiritsu," remarked Morgan Kruptesky, Senior Director of Business Development for Institutions & Capital Markets at Ava Labs. "The launch of Jiritsu on Avalanche underscores the network's preeminent position in this rapidly evolving field, while providing an expanded suite of options for enhanced security, authentication, and efficiency in managing real-world assets on-chain. The Avalanche network consistently demonstrates its ability to deliver swift, versatile, and robust blockchain solutions tailored to meet the intricate demands of modern finance."

Jiritsu's Layer 1: A Catalyst for Transformation in On-Chain Asset Management

The launch of Jiritsu Layer 1 possesses the transformative power to not only enhance the tokenization landscape but also marks a monumental step forward in on-chain asset management. By empowering the on-chain verification of historically hard-to-verify assets, Jiritsu aspires to reshape digital asset transactions, unlocking unprecedented investment and ownership opportunities across a myriad of industries.

With its expanded capabilities and unwavering foundation on Avalanche, Jiritsu stands poised to support a new generation of ambitious RWA projects.

About Jiritsu Network

Jiritsu Network stands as a pioneer in the realm of blockchain technology, focusing on the tokenization and verification of real-world assets through its innovative utilization of ZK MPC technology. The launch of Jiritsu Layer 1 represents a significant advancement in making digital asset management more accessible, efficient, and secure.

About Everready

Everready occupies a leading position in the e-commerce landscape, providing innovative solutions that streamline the online shopping experience. As a 2P partner with Amazon FBA, Everready has revolutionized vendor inventory management, ensuring product availability and rapid delivery. With a steadfast commitment to transparency, reliability, and efficiency, Everready is dedicated to surpassing customer expectations, solidifying its position as a preeminent force in the e-commerce sector.

About Avalanche

Avalanche is a smart contracts platform designed to scale infinitely, consistently finalizing transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit empower Web3 developers to effortlessly launch powerful, customized blockchain solutions. Build anything you desire, any way you envision, on the eco-friendly blockchain engineered for Web3 developers.