People are now rapidly exploring further applications of mutual distributed ledgers both within the world of finance and outside. Ideas for further applications include corporate voting, smart contracts, registries (ships, aircraft, tax, artworks etc.) and identity blockchains for anti-fraud protection or anti-money laundering. Collaborating with industry leaders and regulators, Z/Yen heads projects that seek to both forge a vision of potential new applications of mutual distributed ledgers and demonstrate how they would work in practice. In other projects, such as Distributed Futures, Z/Yen seeks to facilitate networking and intelligence sharing between thought leaders in the field.
One application of ChainZy, MetroGnomo, is an innovative open-source timestamping service based on a mutual distributed ledger. MetroGnomo provides proof that a given piece of information existed, or event happened, at a given point in time. It is the result of Z/Yen’s quest to design, and find a use for, the most stripped down mutual distributed ledger possible. The States of Alderney have committed to providing oversight of MetroGnomo's integrity until 2021. Commercial users of MetroGnomo include SafeShare Global and Blem Information Management's XLRAS reinsurance administration system, as well as several clinical trials.
Z/Yen also heads several research consortia of interested parties that are actively exploring the implications of distributed ledger technology for financial institutions and regulators. Previous consortia include InterChainZ, which comprised of a large accountancy firm, a risk management firm and an international insurance firm