Bluzelle Collaborates With Web3 Foundation To Offer Its Services To Polkadot
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Bluzelle Collaborates With Web3 Foundation To Offer Its Services To Polkadot

September 16, 2020      Jyoti Singh

Decentralized data network Bluzelle announced that it has started working with Web3 Foundation (W3F) to support the emerging Polkadot ecosystem with its services. 

Currently, the flagship project of W3F. i.e., Polkadot has been working on a cross-chain application, and for that, it is developing a scalable, interoperable and secure network protocol.

Decentralized Network By Polkadot

Bluzelle, in its announcement, has mentioned that while the Polkadot team would be developing the protocol, the decentralized data network will provide storage capabilities to the projects that are being developed on the Substrated framework of Polkadot.

It is to be noted that when Bluzelle would be offering its services, it will be heading towards becoming the de facto data layer for Web3. 

As per the report, the research and development team of Polkadot developing the technology stack for the decentralized web is being funded by Web3 Foundation. 

During the whole process, the projects working on Polkadot would be linked by Bluzelle to the decentralized storage in order to stimulate the progress.

It has an advanced version of the data delivery network which not only secures the projects from data breaches but also helps them when the network fails and when they face any kind of problem at the time of performance. 

Bluzelle Enters Polkadot Ecosystem

As Bluzelle would be entering the ecosystem of Polkadot, it has announced to support the innovations.

Polkadot would develop decentralized applications (dApps) using its scalable sharded blockchain. The data delivery network of Bluzelle will then allow those dApps to comprehend the potential. 

When the Bluzelle’s creation will be combined with Polkadot while freeing the developers, it would introduce a new parachain. 

In order to store and reference the historical prices, the projects use the Bluzelle Oracles, as it could secure the dApp data in a decentralized manner. 

Bluzelle Oracles could also be used to influence a wave of Polkadot apps.

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#Bluzelle #de facto data layer #decentralized applications (dapps) #Decentralized data network #Polkadot ecosystem #secure network protocol #Substrated framework #Web3 Foundation (W3F)
Jyoti Singh
Jyoti Singh

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.