So far, no DEFI product has come close to establishing a new standard for secure, decentralized, token-based communication.
Since communication is the foundation on which the entire Candao vision is built, we believe that the development of such a communicator is one of our strategic goals and must-have elements of the Candao Ecosystem.
We’ve identified key features of ideal “decentralised communicators” as:
Available as: web-based application, mobile application and desktop application
Messages are transmitted as blockchain hashes; every message sent from person A to B is similar to transaction happening between two wallets
Actual content of the message is being encrypted in a way that only sender and recipients are able to decrypt them (preferably by using secure wallets)
Communicator should also enable users to transfer files and blockchain assets like tokens or NFTs
Every transfer of files or digital assets should go through escrow validation (requiring pre-approval of both sides of a transaction to proceed with it).
Pic. 9 - Candao Messenger as on-chain communicator
Each message sent via Candao Messenger will be treated as a secure, tokenized transaction between two wallets. Each conversion will begin by generating a secure hash of the chat members' wallet IDs. This hash will eventually be used as an encryption and decryption mechanism for messages exchanged via a dedicated blockchain of message-validating nodes.