POLKADOT ADOPTS THE BLUZELLE NETWORK
Bluzelle

POLKADOT ADOPTS THE BLUZELLE NETWORK

By nesbee | nesbee | 30 Sep 2020


 

No alt text provided for this image

 

I believe you are well aware of the demand for data storage and management facilities all over the world. This increasing demand results from the fact that every system has gone digital, moving its operations to the digital system to facilitate the efficiency of its performance.

It is obvious the reason for this transition, as no one would want to stand by and watch others enjoy all the benefits that digitalization has to offer. Well, despite the surge in the demand for data management systems all over the world, do you know what global users want more?

A reliable data management system, which will not just store but efficiently help users manage their data, for maximum performance. We have heard so much about hacks where the hackers stole tons of user data stored on a system, an ugly experience which no one wants to be a victim of, hence the need for a reliable data system, which will ensure the total security of data stored on its database. If you are in the digital space, then the Bluzelle database should sound familiar to you. But if not, let's get you acquainted with this great system.

 

WHAT IS BLUZELLE NETWORK?

The Bluzelle system is a superior data storage and management system which facilitates the secured and tamper-proof storage of data for different systems and decentralized applications, in a scalable and decentralized way. Bluzelle has also developed an Oracle which will get off-chain data, including high-quality pricing data, and provides it for use on-chain. It is the system that comes to mind whenever it has to do with data in the digital space. Now that you are all set up, let's head to interesting news for the global system.

 

BLUZELLE AND POLKADOT INTEGRATION

The Bluzelle platform in its quest to improve the global system, by advancing into different systems so as to reach more target audiences, and give them the opportunity of enjoying its great data management services, it has decided to expand its horizon into the Polkadot ecosystem.

For starters, Polkadot is a system developed by the Web3 Foundation which drives the funding of both research and development of varieties of technologies for the advancement of the web. Bluzelle has entered into the Polkadot system to partner up with one of the vital parts of the system called Reef Finance, a cross-chain DeFi system which provides adequate liquidity for the trading of digital assets on its system, as well as a reliable yield engine with which it taps into both centralized and decentralized exchanges to make available liquidity for users.

 

No alt text provided for this image

 

Reef Finance also leverages its AI based system to get traders great trading strategies and as well provide staking, lending and borrowing services to the global users. It is obvious that a system as sophisticated as Reef Finance, which represents the DeFi arm of the prominent Polkadot system, needs a reliable and an efficient data system to ensure that it operates at full force while delivering the best of services to its users.

BENEFITS OF THE ADOPTION

By adopting the Bluzelle system, the Reef Finance platform is in for a great experience seeing as it will leverage on the Bluzelle oracles which acquire data off-chain, from different reliable data sources and provides it for the use of any Blockchain-based system, on-chain. With data provided by this oracle, the Reef Finance system will be able to get the necessary data for the efficient performance of traders on its system and by using the historical data present by the Bluzelle database, the system's

 

AI will be able to function at full force when deciding on trading strategies that could be adopted by its users. That's not all... Since the Bluzelle database stores and helps users manage data in a decentralized way, by distributing data across different networks to make it impossible to hack, through this integration with the Polkadot ecosystem, Reef Finance will be able to enjoy the secured storage of their data, with the ability to manage it efficiently through authorized access which is made possible on the Bluzelle network.

 

The Bluzelle system is also existed to integrate with Reef Finance on the Polkadot system, as it will not only be a great step towards achieving the efficient management of the data on a global scale but will also help ensure that the Defi system is revolutionized in a great way, to drive global adoption of decentralized finance.

IN SUMMARY, The integration between Bluzelle and Polkadot will undoubtedly be a great blessing to the entire digital system, as it will make the Polkadot ecosystem more efficient in their operations, securing user's data with a full guarantee.

It will also ensure that every user on the Reef Finance system gets to enjoy the full benefits of the system, as the Bluzelle Oracle makes their performance efficient, hence giving more benefits to the users.

See some useful links below:

Blog; https://blog.bluzelle.com/

  Twitter: https://twitter.com/BluzelleHQ?s=0

Telegram: https://t.me/bluzelle

 

How do you rate this article?


30

3

nesbee
nesbee

a crypto enthausiat , content writer and project promoter who is passionate about the the growth and adoption of blockchain technology


nesbee
nesbee

crypto enthusiast, blockchain project promoter and bounty hunter

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.