🧩 Challenge

Building a bridge between traditional financial systems (Web2) and decentralized blockchain ecosystems (Web3) presents unique challenges. While JackRamp aims to create a seamless and decentralized on-ramp and off-ramp solution, certain design considerations are necessary to maintain privacy, security, and compliance.

Challenges

• Partial Web2 Dependency For the verification of real-world assets, a full Web3 solution isn’t feasible. Revealing the bank name and account information requires the use of Web2 applications, as these details are critical to ensuring accurate backing for jackUSD. This means relying on traditional APIs for some data, balancing decentralization with real-world asset verification.

• Preventing Money Laundering To ensure compliance and prevent money laundering, JackRamp plans to implement KYC (Know Your Customer) processes in the future. This will help verify user identities while maintaining the platform’s security and regulatory standards.

Design Considerations

To address these challenges, JackRamp leverages innovative design principles:

• AVS (Actively Validated Services) JackRamp integrates EigenLayer's AVS to enhance the verification process for real-world assets, enabling seamless and secure asset backing for jackUSD while preserving user privacy and ensuring compliance with regulatory standards.

• zkTLS To make HTTP requests on AVS verifiable, JackRamp employs zkTLS, a zero-knowledge protocol that ensures data integrity and privacy. zkTLS allows JackRamp to verify HTTPS-based interactions with bank APIs securely, confirming real-world asset deposits while preserving confidentiality through zero-knowledge proofs.