Shyft Network Shft Price USD

Shyft Network is a public blockchain protocol for gathering, verifying, and validating data that is stored in private and public ecosystems as well as permissioned and permissionless networks. By connecting different sets of data, Shyft turns raw data into information that makes sense. So, the Shyft Network builds trust in this data and makes sure that both the private and public sectors of the economy can make transactions that they can count on.

The goal of the project's creators is to make an easy-to-use, secure platform for KYC/AML identification and user certification (which can guarantee the safety of data) and reduce storage costs and increase efficiency through blockchain. Shyft encourages clients to work on adding context to data, which creates real digital structures of reputation, identity, and creditworthiness.

The Shyft Network makes tools for decentralised finance (DeFi) that are compliant with regulations. These tools help bridge the gap between centralised and decentralised organisations and make it easier for them to join the blockchain world. The goal is to help traditional financial institutions join DeFi and do so in a legal way. This could bring in a lot of money and a lot of people from traditional markets who want to use crypto.

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