PARTNERSHIP WITH TIDAL FINANCE:

Tidal is built on polkadot and is a Balancer-like insurance market in which users can create custom insurance pools for one or more assets. Insurance pools are like a group of organizations that form a shared-risk pool. It rewards pool creators as they get some portion returned from their deposits. This in turn maximizes capital efficiency that helps attract LP’s and offers a competitive insurance premium which attracts buyers. 

Now Tidal is partnering with Bluzelle and is integrating with a decentralized Bluzelle database because of its number of benefits. Bluzelle is interoperable and can be linked with other blockchains and provide 10,000 TPS. It will allow Tidal to increase their pace and achieve their goal of becoming a leading decentralized insurance marketplace. With Tidal finance users will be able  to meet their demand because Tidal allows users to create customizable insurance pools.

WHAT BLUZELLE DOES?

Bluzelle is a decentralized storage solution which means that it can help with all the data of Tidal finance platforms to be stored on different hosts by distributing the data across the entire network. Bluzelles decentralized storage solution will provide the users more confidence in data. Moreover, Bluzelle will allow Tidal to introduce new DeFi integrations while maintaining access to a reliable data network that is fully secured. 

With this partnership a high quality decentralized insurance marketplace is formed which is open and efficient. This will also help strengthen Bluzelles Web 3.0 database solution.

BLUZELLE AND PHALA NETWORK:

Phala network provides reliable execution of smart contracts while maintaining the privacy and security of the data with their confidential contracts that run in their minor nodes. Phala network is also a polkadot based project that focuses on data privacy and maintaining it. Phala chose Bluzelle decentralized database as their off-chain storage solution basically for their main product Web 3 analytics.

Today data breaches are common because for every service users have to agree to the privacy statements for using services and this may lead to data breaches. This problem can be solved by Phala as it promises to provide confidential computation and data protection service both for enterprises and users making the process very safe. 

Their main product Web 3 returns data ownership back to the users. It stores all the data from users in its personal data warehouse, on which users have their full access and authority to lend, monetize or even share access anytime. With this smart contract, developers can run analytics without any data breaches to users data or any compromise on their data which is great. This is just like Bluzelle as they also are more concerned about data privacy and security and both are playing an important role in advancement and evolvement of Web 3.0. Bluzelle is a decentralized data network that allows dApps to manage data securely and in a scalable manner. Powered by cosmos, is interoperable across any chain and the benefits are listed below:

DECENTRALIZED DATABASE: The database is decentralized and provides every user on W3A with ability to own a data wallet on Bluzelle database and their consensus engine to allow data owners to access and update their data. 

SCALABILITY: W3A collects data from apps and the number is increasing with increased number of users. Traditional databases do not provide that much scalability while Bluzelle provides with high scalability as it is easy to add capacity on the Bluzelle network by increasing the number of nodes. 

RELIABILITY: Bluzelle provides multiple replication across different nodes so this is why there would not be a single point of failure and the data will always be safe for W3A to retrieve if needed. 

This partnership will strengthen decentralized storage and computing and this will enhance the traditional way of database to a more decentralized storage which is secure. 

BLUZELLE AND EQUILIBRIUM:

Equilibrium is the second largest blockchain that supports smart contracts and is cross-chain enabled, built on polkadot. It is first decentralized cross-chain money market and is now partnering with Bluzelle and Equilibrium will utilize Bluzelle decentralized price feed to strengthen and run its main DeFi services like lending, borrowing and trading. 

Equilibrium is one stop money market which includes both pool lending, in which at the same time users can generate synthetic assets and even trade. Polkadot benefits as its cross-chain bridges which allows users to utilize assets from different major platforms like Bitcoin, Ethereum and others.

WHY THEY CHOSE BLUZELLE?

The main features for which they selected Bluzelle are:

FAST PRICING INTERVALS: The crypto market has rapid price movements, it can fluctuate so that can affect interest rate of borrowing and lending on Equilibrium. That is the reason Equilibrium chose Bluzelle to keep their price data accurate and up-to-date. As bluzelle oracles provide the feature of giving real-time prices for crypto assets and values are stored on the Bluzelle database and there would be no congestion issues. 

ADVANCED SECURITY TRIGGERS: Bluzelle oracles runs statistical analysis of data, it also generates warnings preventing any security risks and the users assets on Equilibrium remain safe. 

HIGH-QUALITY PRICE DATA: Bluzelle uses five-step process to vote in and out data from reliable sources and runs statistical analysis which is accurate and reliable.

With Bluzelle their price feed becomes more redundant and Bluzelle provides reliable price feed which is also an important part of any DeFi protocol.