Innovative Blockchain Solution for KRW Economy
Hashed Open Finance, a subsidiary of Korean crypto venture firm Hashed, recently released a light whitepaper on its new blockchain initiative called Maroo. The platform is specifically designed for the Korean Won (KRW) economy, aiming to build a blockchain ecosystem that balances openness with regulatory compliance.
Advantages of Sovereign Blockchain
Maroo is built as a sovereign blockchain, maintaining the openness of public blockchains while integrating compliance mechanisms essential for financial applications, such as audit support and privacy protection. Transaction fees on the platform will be paid in KRW stablecoins, reducing price volatility and improving user convenience.
Dual-Channel System for Compliance
Public blockchains like Ethereum often emphasize anonymity, which presents challenges in implementing anti-money laundering (AML) and know-your-customer (KYC) policies. Fully transparent systems can also expose personal or corporate sensitive data.
Maroo introduces an innovative 'dual-channel' architecture, where users can opt for the 'open path' for unrestricted transactions or choose the 'regulated path,' which may require identity verification or transaction limits based on transaction size.
Programmable Compliance and Privacy Protection
Maroo features a Programmable Compliance Layer (PCL), which automatically verifies transaction limits and sanction lists during transactions and can be updated in response to regulatory changes.
In addition, the platform includes a 'verifiable privacy' mechanism that enables selective data disclosure when required by legal compliance, supporting regulatory review needs.
AI-Ready Architecture
Maroo is also designed with future AI integration in mind. The platform supports certified AI agents, access control, and spending limits, and can revoke specific access rights when necessary to ensure system security and control.