Polygon Partners With Infosys To Develop M-Setu

Published on: 09.04.2021

Polygon (Formerly Matic) is making great developments in its bid to be the leading project in the DLT( distributed ledger technology) implementation.

Latest development includes a partnership with software development service provider Infosys to launch M-Setu, an opensource bridge for integrating Ethereum in the business’ process.

The first application that will utilize M-Setu is InsureChain, a solution the to facilitate easy porting of insurance policy from different insurance providers.

Future use cases for M-Setu includes KYC/AML processes, fraud mitigation as well as peer-to-peer (P2P) insurance on the blockchain which will be available in the coming weeks.

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.

#SmartCrypto

Market Stats:
BTC Dominance: 54.15%(+0.03%/24h)
ETH Dominance: 15.8%(-0.15%/24h)
Defi Market Cap: $87.09B(+15.86%/24h)
Total Market Cap: $2339.66B(+1.48%/24h)
Total Trading Volume 24h: $110.34B(+16.02%/24h)
ETH Market Cap: $369.15B
Defi to ETH Ratio: 23.59%
Defi Dominance: 3.55%
Altcoin Market Cap: $1072.75B
Altcoin Volume 24h: $61.73B
Total Cryptocurrencies: 29283
Active Cryptocurrencies: 9735
Active Market Pairs: 81935
Active Exchanges: 753
Total Exchanges: 8351
BTC: 64295.93$(-0.5%/1H)
ETH: 3074.25$(-0.37%/1H)
AVAX: 35.41$(0.5%/1H)
BNB: 559.49$(0.21%/1H)
MATIC: 0.68$(-0.15%/1H)
FTM: 0.71$(0.18%/1H)
ADA: 0.47$(0.13%/1H)
DOT: 6.8$(0.38%/1H)
UNI: 7.56$(0.7%/1H)
CAKE: 2.8$(0.75%/1H)
SUSHI: 0.96$(0.76%/1H)
ONE: 0.02$(0.83%/1H)