TokEngine

TokEngine is a TOKen Exchange for the Next Generation INternet Ecosystem. The project will demonstrate the interoperability of between NGI ecosystems by the low cost exchange between any fungible tokens in the NGI infrastructure. 

At the centre is a hub powered by the NGI Ontochain validated Convex Virtual Machine (CVM). Convex DLT was verified for sub-second finality, scalability and sustainability in 2023. It provides a permissionless, decentralised public network with highly sustainable energy usage. Transactions only require less than 3 microWh energy to reach finality, using the novel Convergent Proof of Stake Consensus. The cost is typically €0.00002 per transaction.

The objective is to prove interoperability between different NGI TrustChain projects. The Project POC aims to demonstrate this using wrapped tokens and metadata for interoperability with another EVM compatible blockchain. The target is to complete TokEngine internal transfers within one second. For demonstration purposes, event logs are maintained for auditability and data analytics. This project is managed by Convex in partnership with Werenode, who developed an NGI Ontochain project, Defev. Werenode is beta testing a DApp that connects EV charging equipment with EV driver accounts that purchase electrical energy. This helps EV drivers to find charging points and pay for energy, plus a small additional fee. Werenode provides revenue for the chargepoint owner.

Werenode are maintaining ledgers of Werecoin (WRC) on independent EVM compatible chains, including Tezos and Alastria, via their customer facing wallet. They now wish to have swift interoperability between their tokens and maintain offchain data on a decentralised file system.

Team

Dr Leonard Anderson

International IT project manager and educator

Michael Anderson

World class consultant, technologist and innovator

Andrew Hardie

Infrastructure and Devops specialist

Entity

Convex

Decentralised virtual machine and file system.

Website: https://convex.world
LinkedIn: https://www.linkedin.com/company/convex- foundation/