OneLedger is a cross-ledger agnostic protocol that enables high-performance scaling. It plans on providing businesses with a blockchain development solution, which they will aim to simplify the creation of a customized or niche blockchain for their field.
To make their solution universal, OneLedger will be making use of side-chains to increase interoperability between varying blockchains like Bitcoin, Ethereum, etc.
To help accomplish their goals, there will be several broken down features, such as a Smart Identity Management Platform, Blockchain Services, Chaincode Service, and their Programming Interface.
Smart Identity Management Platform – OneLedger can provide a master private/public key pair that is assigned to an identity, which can then grant access to any other public key that the identity would have access to. This will create a universal identity solution for the tracking and access of assets/information on a variety of blockchains.
Blockchain Services – OneLedger will be able to create a side-chain on the OneLedger consensus protocol to be customized to that client’s needs. For instance, they can create various degrees of permissions/access. Using the Identity Platform, clients can create different levels of access for trusted users to access their blockchain.
Chaincode Service – OneLedger is developing a software development kit to provide businesses launching dApps on multiple platforms the ability to create a “Master Smart Contract” which will specify the smart contract written in each language of choice when necessary.
Programming Interface – APIs will be made available to create a set of desired functions for the client, allowing them to register new users, query the blockchain, etc.
Another core component of OneLedger is its business portal. The portal will allow business clients to develop every part of their blockchain solution.
In addition to the aforementioned services, they will also include the ability to connect with independent module developers to meet niche needs of a business. The entire process will be made transparent for the security and fairness of all parties involved.