A new project called “Melon”, created by Parity (Ethcore) founder Dr. Gavin Wood and Melonport AG, will enable decentralized asset management for multiple blockchains. The project announced November 14 will be the first multi-chain capable software.
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Polkadot and Melon: Multi-Chain Network, Asset Management
Melon will enable a decentralized environment where users can create investment portfolios. The application will be the first application for the Polkadot multi-chain network. Polkadot is a multi-chain framework designed by Dr. Gavin Wood, founder of Parity Technologies Ltd and former CTO of Ethereum. The Polkadot infrastructure allows interoperability between multiple chains.
Melon will be Polkadot’s first application that allows users access to secure asset management. Because the portfolio is blockchain-based, cost is significantly reduced — enabling more competitive asset management, said Melonport. Moreover, Melon includes