It is a blockchain project. It has an end goal to disrupt the finance, HR, and recruitment industries in the same way that Uber changed the taxi sector.
ChronoBank recently unveiled DMT, a product that is designed to unite the various blockchain implementations into one ecosystem. Multiple projects based on this technology have been introduced, each of which offers something new. Right now, there is a new blockchain implementation introduced almost daily. Each implementation usually comes with its protocol.
Each initiative has a unique value whether it is a financial value or a value embedded in the functionality that it offers. While this means that there is a vast array of services developers and businesses can utilize, it can be a bit too much. Trying to run all the blockchain services developed in recent years can be time-consuming, complicated, and in most cases impossible.
The DMT developed by ChronoBank is designed with the issue mentioned above in mind. It is going to combine all the different blockchain implementations in one unified interface. It will lead to just one ecosystem that is easy to understand and is highly scalable.
The DMT already has support for BCH, BTC, LTC, and ETM. It also supports Waves and NEM tokens. All of this functionality can be accessed via the powerful REST APIs. It will allow anyone to use any token or coin that is supported no matter which platform they utilize. The implication is that developers will be able to interact with utility tokens. As a result, this can be used to unlock new features and act as an essential part of the software ecosystem. It will all be achievable without the need to conduct extensive coding, thus saving a lot of time.
The Services Possible Via DMT:
Some of the services that DMT makes possible include a Smart contracts listener, Balance watching, decentralized storage, and transaction tracking.
Since DMT is hooked to the blockchain, it is secure. Besides that, it is faster and less resource heavy compared to other blockchain explorers and is quite easy to deploy. The DMT needs just one installer, which is well documented and in production use with various partners. In fact, ChornoBank intended to use it as the interconnection between their Timex/LaborX sidechain and the Ethereum mainnet.
The end goal is for DRMT to offer a detailed analysis of the various blockchain services while acting as some bridge between the different protocols. As a result, it will provide a universal interface that allows developers to engage with the blockchain technology. The product is designed to work with plugins, which can be written in any language. To achieve this, ChronoBank will offer developers a comprehensive SDK.
TIME Token Integration
Just as with all other application developed by ChronoBank, DMT is going to be monetized via the TIME token. Right now, they are working on introducing some analytics capabilities on top of DMT. More information on this will be released later.