Palette White Paper

Abstract

"Palette" is a blockchain network for issuing, managing, and distributing digital items. Users are free to transfer ownership of digital items and utilize them in applications.

In the past, the advent of the Internet brought information into the digital space, and now with the advent of Bitcoin, the digitization of currencies is about to be realized. Furthermore, with the advent of Ethereum, various values beyond currencies have begun to circulate on the Internet. On the other hand, since Ethereum is used in various business areas and business models, issues such as soaring gas fees and instability due to fluctuations in supply and demand are also recognized.

Palette allows digital items to be handled as Non-Fungible Token (NFT) on its own blockchain, Palette Chain. The Palette Chain is a blockchain specifically designed for the issuance, management, and distribution of digital items in the entertainment field, and has been designed to fit business models. Furthermore, Palette Chain can be connected to multiple blockchains, including Ethereum, and can function as a cross-chain platform that serves as a hub for the issuance and distribution of NFTs.

Palette Token (PLT), a cryptocurrency, will be issued to ensure the stable operation of Palette as a decentralized platform. By developing foundations for NFT and cryptocurrency, we aim to bring an update to the content industry which Japan takes pride in with blockchain technology.

Full PDF Versions

FULL PDF LINKS

English: https://document.hashpalette.com/HashpalettePaper_EN.pdf

Japanese: https://document.hashpalette.com/HashpalettePaper.pdf