Unlike many blockchain 2.0 startups that are sensitively courting banks and other corporate entities, Rootstock is really outspoken about a interactions with The World Bank Group, for instance, with that it aims to expostulate financial inclusion. Perhaps this goes with a domain – Rootstock runs on a Bitcoin blockchain.
Rootstock draws together a capabilities of Ethereum with a confidence and clarity offering by a Bitcoin network, regulating sidechain record and bitcoin as a fuel to run a intelligent contracts. The plan has been publicly corroborated by intelligent contracts consultant Nick Szabo who pronounced it combines a best of both worlds – Bitcoin and Ethereum.
Diego Gutierrez Zaldivar, co-founder of Rootstock pronounced regulating Bitcoin, that has had some time to mature as a technology, authorised Rootstock to concentration on tangible use cases such as micro lending programmes.
He told IBTimes: “Our thought is to aim specific needs that we rescued in Latin America in opposite areas and also launch Rootstock with some genuine use cases; companies and organisations that wish to start operative on intelligent agreement execution.”
Zaldivar pronounced Rootstock has been in talks with The World Bank and Banco Ciudad de Buenos Aires and other growth banks such as BNDES, a Brazilian growth bank.