Laser Network, which acts as a SWIFT-like system for cryptocurrencies, has welcomed Ethereum advisor Sukhveer Sanghera to its advisory board.
Sanghera has helped build products and solutions for TD Securities, Polymath, NASA Langley, Deloitte, LedgerX, and several other big names in science, business, and technology. He holds a master’s degree in mechanical engineering from Carleton University and has extensive experience in the blockchain industry.
He is the founder of Everhusk Inc., a Toronto company that helps world-class entrepreneurs and companies bring innovative new ideas to market; and social.network, which is building a decentralized protocol to power the next generation of online social networks.
“I am excited to work with Laser Network on their revolutionary mission. Eliminating the roadblocks that hinder the blockchain ecosystem is key in helping it live up to its true potential,” Sanghera said.
The Laser Network provides to the blockchain what SWIFT offers the worldwide banking system of fiat currencies. In this system, currencies coexist with one another thanks to cross-platform protocols such as SWIFT, which allow for different currencies and banking systems to smoothly transact and interact with each other.
Currently, no similar system exists for cryptocurrencies, and Laser’s mission is to change that. Laser is a network that operates parallel to an existing blockchain network and is able to translate unique attributes of clients and nodes on each blockchain into a “generic” code that can be understood by all blockchains that run with Laser. This “generic” code effectively enables blockchains to speak the same language to each other.
The result of this is that a user of Cryptocurrency A can send money to the Cryptocurrency B wallet of their recipient, instead of being restricted to just their own cryptocurrency. Laser Network eliminates the borders of the blockchain world as SWIFT eliminated the borders of the banking world.
Zennie Abraham is the CEO of Zennie62Media