Blockchain aspires to play a huge part in the fourth industrial revolution.
Novon was established in 2020 to take on the most pressing challenges of the blockchain industry, and aims to play its part in promoting adoption of it.
Novon focuses on improving the current technological infrastructure for the blockchain ecosystem. Since its inception, blockchain has proven to be a viable solution to many problems we face today . finance, payments, digital certificates, real estate, supply chains, and many more. But the technology still has a lot of room for improvement, and we here at Novon aspire to contribute to the world by creating the technological solutions that run our world.
Novon is focused on developing solutions that the layer 1 of public blockchains Some of the areas we are focused on are:
In today’s world, blockchain is widely used in decentralized finance and payment use cases. But these areas require high throughput of transactions and low latency. Ethereum, the backbone of DeFi right now, can only process ~12-15 transactions per second. This creates issues with user experience of the ecosystem which results in hurdles in the adoption of the blockchain technology. The current available solutions for scalability are either too complex for normal users to understand or they create too much friction in onboarding and offboarding.
At Novon we aim to develop solutions which are easy to be adopted by any kind of consumer and also develop solutions to provide high throughput to the existing blockchains.