Shyft is a blockchain company focused on the idea of trust. This means the safe, and secure sharing of information online. They are attempting to achieve this through the creation of a network, which acts as an aggregation layer, and provides a secure platform for various protocols to interact.
This tech allows for the verification of credentials, ownership, and other sensitive information to be shared between multiple parties.
The main tech which allows for cross-protocol interactions is known as the ‘Byfrost’ – a name derived from the Marvel Universe in which a Bifrost bridge connects, and allows for travel between various realms.
This technology powering the Shyft network has various functions, including but not limited to the following.
- asset custody and management
- smart contract managment
- native asset conversions
Shyft derives their name from the goal of bridging ‘old world foundations with the new, creating a paradigm shyft of universal accessibility’.
Shyft is a Bajan company, based out of St. Michael, which was founded in 2017. Company operations are overseen by CEO, Bruce Silcoff.