Hashport is an interoperability solution designed to connect the Hedera network with other major blockchain ecosystems and enable the transfer of digital assets across distributed ledgers. It functions as a public utility, facilitating bidirectional token bridging, which allows users to move assets from one network to another.

The platform supports connections between the Hedera blockchain network and other prominent blockchains such as Ethereum, Polygon, and BNB Chain. The process involves users locking their original assets on the source chain to facilitate “porting” of newly-minted, wrapped versions of the original asset to the destination chain. Upon retrieval, the ported asset version is burned on the destination network thus unlocking the original tokens on their native chain.

Hashport utilizes a consortium of independent and reputable validators verify and authorize transactions in order to ensure end-to-end security. These validators monitor events on the connected chains to ensure the integrity of the bridging process. By enabling seamless cross-chain transfers, Hashport plays a vital role in expanding the reach of decentralized applications (dApps) and assets within the Hedera ecosystem.

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The company utilises the Hedera Consensus Service (HCS) to create a verifiable and auditable log of all supply chain events. This "dual immutable distributed ledger technology" provides a high level of security and transparency, ensuring the integrity of the data. 

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NFT.com is built on Hedera with multi-chain functionality baked in. By building on Hedera, NFT.com can leverage the network's high throughput, low fees, and carbon-negative infrastructure to provide a fast, efficient, and sustainable experience for its users.

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