A RECAP OF THE BLUZELLE-POLKADOT WEEK
In mid-september Bluzelle announced the commencement of work with Polkadot, a principal project of the Web3 Foundation whose aim is to build a scalable, interoperable and secure network protocol for cross-chain applications.
A partnership that is mutualistic in every way with project on Polkadot gaining from this decentralized storage structure and abilities while enhancing the primary goal of Bluzelle being the main data layer for Web3. While Polkadot's scalable blockchain is ideally suited for launching decentralized apps (dApps) because of its support for cross-chain composability, Bluzelle's data delivery mechanism would help these dApps realise their potential by virtue of it being decentralized.
The Bluzelle oracles have gathered huge interest among DeFi partners especially those on the Polkadot ecosystem. In light of this the Bluzelle team announced the Bluzelle-Polkadot week showing a few of the Polkadot-based partners joining the Bluzelle ecosystem.
With the hashtag, #BLZConnectingtheDOTs, they listed five partners in this order.
1. Tidal Finance: On the 4th of November, 2020, Bluzelle started the Polkadot week by announcing the partnership with Tidal Finance on Day 1.
Tidal Finance, a Balancer-like insurance market powered by Polkadot is integrating with Bluzelle to help scale the decentralized insurance market. Chad Liu, Founder of Tidal was expressive of his joy for the partnership stating in summary that the partnership will help Tidal finance provide the best quality decentralized insurance marketplace that is highly efficient and open. Bluzelle x Tidal Finance
2. Phala Network: On the 5th of November 2020, Bluzelle continued by announcing the partnership with Phala Network on Day 2.
Phala Network, a Polkadot-based project known for data privacy preserving protocol is integrating Bluzelle’s decentralized database to leverage on the pros of decentralized data storage as well as the privacy that goes with it. With data breaches been a recurring theme these days it’s nice to say that the importance of this partnership cannot be overemphasized. With Web3 analytics (W3A), Phala’s flagship product, Phala aims to provide confidential competition and data protection services for users and enterprises. Bluzelle x Phala Network
3. MANTRA DAO: On the 6th of November 2020, Bluzelle continued by announcing the partnership with MANTRA DAO on Day 3.
MANTRA DAO, a community governed DeFi platform focusing on staking, lending and governance is integrating Bluzelle’s database for data storage whilst helping to secure the Bluzelle Mainnet by running a validator node. Bluzelle and MANTRA have the same vision of decentralization and the benefits therein. DeFi apps like MANTRA would have access to price and data feeds with great efficiency, reliability, speed and security. Bluzelle x MANTRA DAO.
4. Equilibrium: On the 10th of November 2020, Bluzelle continued by announcing the partnership with Equilibrium on Day 4.
Equilibrium a decentralized cross-chain money market built on Polkadot is integrating Bluzelle’s decentralized oracles to power cross-chain liquidity on Polkadot. As an all-in-one DeFi marketplace, this move would help power Equilibrium’s DeFi services like borrowing, lending and trading. Equilibrium would be leveraging on the high quality price data, advanced security triggers and fast pricing intervals that Bluzelle oracles possesses. Bluzelle x Equilibrium.
5. RioDeFi: On the 12th of November 2020, Bluzelle continued by announcing the partnership with the RioDeFi on Day 5, the final day.
RioDeFi, a blockchain technology company aiming to bridge traditional finance and DeFi is partnering Bluzelle to get access to secure storage of DeFi data. RioChain is ideal for a wide range of dApps especially those who require building their dApps on a fast, scalable, interoperable blockchain with negligible transaction fees. RioChain would leverage on the benefits of Bluzelle’s decentralized database for off-chain storage of their data while also supporting the Bluzelle Mainnet as a long-term value data to help secure the Bluzelle Network. Bluzelle x RioDeFi
This is just a tip of what's to come to the Bluzelle ecosystem as they make inroads into the DeFi space.
About Bluzelle
Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability and availability than traditional solutions. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360-degree views, and more. As DeFi grows, Bluzelle’s infrastructure services play a big role.
Website: https://bluzelle.com/
Official Telegram group: http://t.me/bluzelle
Telegram announcement: http://t.me/bluzelleann
Twitter: http://www.twitter.com/bluzelleHQ
Medium: http://blog.bluzelle.com
