Bluzelle connecting the Dots
A few months ago, Bluzelle decided to partner with Polkadot. The partnership is designed to benefit both sides. Bluzelle has a decentralized and scalable storage system or a database that Polkadot wants. Polkadot, on the other hand, creates scalable cross-chain applications. The partnership benefits Bluzelle being that it will improve its position as the major Web3's data layer.
We will look at the partnership that Bluzelle has entered into with five Polkadot projects.
- Tidal Finance:
The Polkadot week started on the fourth day of November this year, with Bluzelle heralding its innovative collaboration with Tidal Finance. This occurred on the first day of the Polkadot week.
Tidal Finance takes the form of a Balancer-like insurance market that is currently hosted on the Polkadot ecosystem. The partnership with Bluzelle is to ensure that the decentralized insurance market that Tidal Finance plans on having comes to fruition.
The founder of Tidal Finance, Chad Liu couldn't hide his excitement about the collaboration because of the immense benefits that it offers both parties.
- Phala Network:
On the second day of the week, Bluzelle entered into a symbiotic partnership with Phala Network. This is a data privacy preserving protocol that is based on Polkadot. It benefits from the perks of a decentralized storage system that Bluzelle offers like intense privacy.
One issue that this collaboration will solve is the common spate of data breaches. This is a malady that may grind to a halt with this partnership. Phala intends to use the Web3 analytics (W3A) to offer users access to data protection and confidential competition services.
- MANTRA DAO:
The third day of the week saw Bluzelle announcing the collaboration that it had entered into with MANTRA DAO.
MANTRA DAO is a decentralized finance platform that offers the following: governance, lending, as staking. It is community governed and has decided to benefit from the data storage that Bluzelle’s database offers. In the process, it will aid in improving the security of Bluzelle Mainnet by being a validator node.
Both parties have similar plans of decentralization, while MANTRA accesses features like price and data feed from Bluzelle. The collaboration will improve reliability, speed, efficiency, as well as security.
- Equilibrium:
On the fourth day of the week, Bluzelle made an announcement that it had partnered with Equilibrium on Day 4.
As a decentralized cross-chain money market, Equilibrium intends to benefit from the features of Bluzelle’s decentralized oracles in a bid to ensure that cross-chain liquidity is made possible.
This partnership will ensure that the DeFi features that Equilibrium offers such as borrowing, lending and trading, works well.
- RioDeFi:
On the fifth and last day of the Polkadot Week, Bluzelle made the announcement that it had partnered with RioDeFi. RioDeFi is a blockchain technology firm focused on closing the ravine between decentralized financing and traditional or conventional financing. RioChain is great for those developers that want to churn out intriguing decentralized applications on a quick, scalable, interoperable blockchain without spending a lot on transaction fees.
RioChain intends to bask in the benefits of the decentralized database that Bluzelle offers.
