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What We're Watching

 On Radar is our running log of the industry developments, research programs, and technical standards we're tracking across Web 3, decentralized physical infrastructure, distributed ledger technology, post-quantum cryptography, central-bank digital currencies, and emerging telecommunications.

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Blip Nights 1

radar

Radar Blips- Permissioned DLT & Cross-Border Settlement

TAR's Radar is on, so you know how to navigate your waters.

MBridge

 

MBridge — Multi-CBDC Cross-Border Settlement

A four-central-bank pilot (China, Hong Kong, Thailand, UAE) built on a custom Ethereum-stack implementation using HotStuff+ for consensus, demonstrating direct interbank settlement in wholesale CBDC.

Why this is on our radar: MBridge is one of the few production-scale demonstrations of how permissioned DLT operates alongside national monetary infrastructure. The interplay between centralized regulation and decentralized settlement substrate is the exact boundary Substrate Sentinel is designed to model. The privacy implications MBridge raises (central bank visibility into cross-bank transactions) parallel the identity-and-disclosure questions So6's Anchored DID architecture is engineered around.

Source: BIS Innovation Hub — MBridge Pilot Report  ·  Original: 2024  ·  Added: Q1 2026

Project Mariana — Cross-Border DeFi for Wholesale CBDC

 

A joint BIS / Banque de France / Monetary Authority of Singapore / Swiss National Bank initiative testing Automated Market Makers (AMMs) for FX in cross-border wholesale CBDC settlement.

Why this is on our radar: Project Mariana is a real-world test of whether DeFi primitives (AMM-based liquidity) can operate inside regulated cross-border financial infrastructure. The architectural pattern — decentralized mechanism design under permissioned governance — is the same pattern Substrate Sentinel models at the network-infrastructure layer rather than the financial-asset layer.

Source: BIS Innovation Hub — Project Mariana  ·  Original: 2023  ·  Added: Q1 2026

Regulated Liability Network (RLN)

 

A shared distributed-ledger framework for interbank settlement of regulated tokenized money and assets, with notable U.S. participants including USDF Consortium and TassatPay, and international comparables in Fnality, Partior, and SWIFT.

Why this is on our radar: RLN is the most prominent example of permissioned DLT being explicitly designed for regulatory acceptance from day one. The compliance-first DLT design pattern is highly relevant for any future deployment of Substrate Sentinel into financial-sector use cases, and for how So6's DID layer must interoperate with regulated identity frameworks.

Source: Ledger Insights — Regulated Liability Network Coverage  ·  Ongoing since 2022  ·  Added: Q1 2026


Blip Nights 2

radar

Radar Blips- Open Data Platforms & DePIN Observability

TAR's Radar is on, so you know how to navigate your waters.

Project Atlas — Open-Source DeFi Data Platform

 

A BIS Innovation Hub open-source data platform that exposes the macroeconomic relevance of crypto-asset markets and decentralized finance, providing visibility into cross-border crypto flows.

Why this is on our radar: Project Atlas is the financial-data analog of what Substrate Sentinel is at the network-infrastructure layer: an open observability platform for decentralized systems that previously could not be measured systematically. The principle that decentralized systems require purpose-built observability — rather than retrofitting traditional monitoring — informs how we approach digital-twin design for DePIN.

Source: BIS Innovation Hub — Project Atlas  ·  Original: 2023  ·  Added: Q1 2026


Blip Nights 3

radar

Radar Blips- Network Security & Precision Foundations

TAR's Radar is on, so you know how to navigate your waters.

Post-Quantum Cryptography over Multi-Orbit Communications

QuSecure and Accenture completed the first successful test of a multi-orbit communications data link secured with post-quantum cryptography (PQC), demonstrating that crypto-agility — successfully rotating to a quantum-resistant algorithm on a live multi-orbit link — is operationally real.

Why this is on our radar: This is the most directly applicable entry on our radar to Formula 34 Degrees' Non-Terrestrial Network research and So6's identity work. Multi-orbit PQC is precisely the threat model we have to design around: Starlink LEO + future MEO/GEO integration, with Hedera-anchored DIDs that must remain valid as cryptographic primitives evolve. We treat this work as a forward-compatibility checkpoint for the entire Substrate Sentinel stack.

Source: QuSecure / Accenture Multi-Orbit PQC Demonstration  ·  Original: 2023  ·  Added: Q2 2026

Optical Frequency Combs

 

NIST's work on optical frequency combs — specialized lasers that act as "rulers for light," measuring exact frequencies across the spectrum with previously unattainable precision.

Why this is on our radar: Optical frequency combs are foundational to two areas central to our work. First, precision timing for distributed networks — frequency-comb-derived clocks are the substrate for nanosecond-grade time synchronization that next-generation distributed networks (and Substrate Sentinel's 1.5 Hz real-time sync) ultimately depend on. Second, 6G photonics — comb-based architectures are an emerging component of how next-generation wireless backbones (relevant to our NVIDIA 6G Developer Program engagement) handle spectrum and signal precision.

Source: NIST — Optical Frequency Combs  ·  Ongoing standards work  ·  Added: Q2 2026

Want to Discuss What's on Our Radar?

  If you're working in one of these areas — or if there's a development we should be tracking that isn't here — reach out. Strategic consulting engagements often start with a conversation about what's coming next. 

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