Unbox, a pioneering company at the intersection of the physical and digital worlds, announces the open-sourcing of its Infinity Protocol. The announcement was made today at Rare Evo in Las Vegas, the premier blockchain and crypto conference in the United States. This strategic decision reaffirms Unbox’s commitment to building the infrastructure for the 21st-century economy, empowering individuals, organizations, NGOs, and governments to create Smart Tokens that embody their values and facilitate secure, programmable interactions.
Unbox has developed a proprietary technology that can imbue virtually anything with memory, conscience, and a forward-looking vision. This transformative capability encompasses a diverse range of assets, from financial resources to tangible products. Emphasizing privacy and security, Unbox technology enables parties to an exchange to exercise control, distribution, and registration of any (un)fungible value. Unbox's platform offers unparalleled versatility, whether it is used for traditional currency or local community currencies, high-value assets like diamonds or semiconductors, or low-value items like plastic bottles or toys using the Unbox Studio software suite.
ERIK SAELENS, CEO UNBOX: Today, the majority of blockchain applications are related to cryptocurrencies, with only a small fraction dedicated to real-world, practical use cases. We see immense potential in shifting this balance. At Unbox, we believe in the old saying If you want to go fast, go alone. If you want to go far, go together. As a community, we must significantly increase the number of blockchain applications that address real-life challenges, bringing the benefits of decentralized technology to industries and communities worldwide. Cardano’s public blockchain, with its ability to treat all digital assets equally, provides a critical foundation for ownership in the digital economy.
JOERI TORFS, CTO UNBOX: By expanding the reach of blockchain beyond cryptocurrencies, we will drive meaningful innovation that can transform the way we live and interact. By open-sourcing the Unbox Infinity Protocol, we invite the global community to join us in laying the foundations for a Network State. This step is crucial as the technology seeks to move beyond the crypto niche and extends its impact into the real world. Unbox’s Smart Tokens are not just tools for blockchain developers but also a bridge to the broader developer community, including those from the web2 world. Our Unbox platform ensures the fast go-to-market speed that modern industries demand while delivering the benefits of safe and trustworthy decentralized infrastructure. With Unbox Infinity Protocol, developers can think of the protocol as a green Lego plate, with rules and functions as the different blocks, allowing for endless possibilities in creating digital experiences.
UNBOX INFINITY PROTOCOL
The Infinity Protocol, built on the Cardano blockchain, is designed to be composable from the ground up. It introduces Smart Tokens as the natural evolution of native assets in eUTxO chains. Unlike traditional smart contracts, which are essential in account-based chains, Smart Tokens leverage the inherent advantages of native assets, enabling advanced logic to handle a wide array of real-world use cases.
The Unbox Infinity Protocol is composable and can be extended with Rules and Functions. Rules govern how tokens are minted, exchanged, or burned, providing dynamic logic tailored to specific use cases. Functions, on the other hand, are scripts that enhance versatility, such as escrow, for example.
As Unbox opens its Infinity Protocol to the community, the company looks forward to collaborating closely with developers, organizations, and ecosystem participants to drive innovation and expand the potential of Smart Tokens. This initiative is a significant step toward realizing Unbox’s vision of a decentralized, safe, and trusted connected world.
ABOUT UNBOX
Unbox is at the forefront of developing tools that merge the physical and digital worlds, enabling secure and programmable interactions through Smart Tokens. Built on the Cardano blockchain, Unbox’s Infinity Protocol provides a robust platform for embedding your own values into identities, assets, and transactions, unlocking new possibilities for efficiency, transparency, and trust. Headquartered in Brussels, Unbox is an award-winning financial technology company supported by the Belgian Sovereign Wealth Fund SFPIM and the global financial services group HSBC.
Program & Protect your Value with your Purpose, using Unbox:
Unbox provides users with full control over their digital assets using non-custodial cryptography, ensuring autonomy, enhanced security, and resistance to third-party breaches or censorship;
Unbox empowers individuals to manage their online presence securely, enhancing privacy and trust through self-sovereign identity principles;
Unbox provides users with public blockchain infrastructure for secure, transparent, and irreversible transactions, promoting inclusivity and offering a robust framework for financial and contractual activities in a trust-minimized, censorship-resistant environment.