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: 63.76%(+0.03%/24h)
ETH Dominance: 9.7%(-0.01%/24h)
Defi Market Cap: $120.36B(-20.71%/24h)
Total Market Cap: $3674.5B(+0.01%/24h)
Total Trading Volume 24h: $115.06B(-40.73%/24h)
ETH Market Cap: $356.57B
Defi to ETH Ratio: 33.75%
Defi Dominance: 3.21%
Altcoin Market Cap: $1331.58B
Altcoin Volume 24h: $70.6B
Total Cryptocurrencies: 35270
Active Cryptocurrencies: 9473
Active Market Pairs: 104649
Active Exchanges: 831
Total Exchanges: 10644
BTC: 117780.71$(-0.12%/1H)
ETH: 2951.37$(-0.28%/1H)
AVAX: 21.03$(-0.51%/1H)
BNB: 688.45$(0.12%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.72$(-0.55%/1H)
DOT: 3.94$(-0.34%/1H)
UNI: 8.44$(-0.65%/1H)
CAKE: 2.35$(0%/1H)
SUSHI: 0.7$(-0.58%/1H)
ONE: 0.01$(-0.55%/1H)