"SEDA Unveils IVM: A $120B Industry Game-Changer"

SEDA, a leading blockchain project, has unveiled its flagship Interoperability Verification Module (IVM) framework, a groundbreaking solution designed to secure a $120 billion industry. The IVM framework is the first of its kind, setting an industry standard for cross-chain verification across various verification modules.

The plug-and-play IVMs offer a comprehensive verification solution for interoperability protocols, featuring significant security upgrades, near-instant horizontal scaling, and increased decentralization. As an interoperability module, it provides users with access to a hyper-specialized framework, enabling them to verify any cross-chain transaction across all routes independently.

The IVM framework employs a multi-layer verification process, consisting of an independent overlay network, decentralized solvers, and a combination of private and public RPC data providers. The framework can automatically initiate a secure verification sequence with a dedicated secret committee of independent overlay nodes, formed to query RPC data on the source chain. To ensure integrity and prevent manipulation, the results are returned through a commit-reveal scheme. Protocol-defined instructions then filter and order results before being batched on SEDA’s main chain. Subsequently, data results are secured using tamper-proof cryptography before being relayed by solvers to the destination chain.

The robust security architecture of the IVM framework provides much-needed succor to the crypto industry, which has lost roughly $2 billion to bridge hacks since 2020. Other benefits of the framework include industry-wide data parity with a singular security zone, built-in liveness guarantees, programmable design to suit specific needs of bridges, solvers, and abstraction layers, and permissionless access and deployments.

Peter Mitchell, CEO and Co-founder of SEDA, commented on the project, stating, “The demand for robust interoperability infrastructure has surged as users and developers engage with hundreds of specialized networks. Over the last two years, the interoperability sector has expanded dramatically, achieving a transaction volume of over $123 billion in 2024. Projections indicate this sector could reach over $250 billion in 2025. Our IVMs represent a significant advancement for Interop 3.0, allowing any interoperability provider to customize parameters within the SEDA IVM framework, ensuring independent verification across all routes through a single deployment.”

The IVM framework also addresses recent industry challenges, such as the Starg