A while ago, the decentralized data storage platform, Bluzelle, decided to partner with Polkadot. The latter has been involved in churning the Web3 Foundation, to create an interoperable, safe, and highly scalable protocol that cross-chain apps can use to work efficiently.
This partnership is one that benefits both parties. Bluzelle will benefit as being the go-to data layer for Web3, thereby positioning itself at the front of the Web3 revolution. Apart from that, the Polkadot projects will run a validator node, thereby improving the security of the Bluzelle mainnet.
Polkadot will benefit from having access to the decentralized storage structure that Bluzelle offers. Bluzelle currently has an innovative data delivery mechanism that will aid the decentralized applications to reach their goals.
It's not news that the features Bluzelle oracles offer, intrigue the world of decentralized finance, including the developers and partners in the Polkadot ecosystem. As a result of the aforementioned, a Bluzelle-Polkadot week was created. This week was an awesome one, as partnerships between both sides were unveiled. We will look at the Polkadot-based platforms that partnered with Bluzelle recently.
The first day of the week saw Bluzelle partnering with the Polkadot based platform, Tidal Finance. It is an insurer platform that is focused on creating a decentralized insurance market with the help of Bluzelle. When the partnership was announced, Chad Liu, the creator of Tidal Finance mentioned that the partnership will ensure that the decentralized insurance market is here to stay.
The next day, another announcement was made by Bluzelle, concerning its collaboration with Phala Network. This occurred on the 5th of November 2020.
This is a project that is hosted on Polkadot. It is designed to act as a protocol that focuses on protecting the privacy of data. It intends to use the decentralized database of Bluzelle to benefit from both the decentralized data storage and the privacy that tags it.
The sixth day of November this year was giddy with the announcement of a partnership that occurred between Mantra Dao and Bluzelle.
MANTRA DAO is a DeFi ecosystem that is interested in community governance. Its mainstay includes DeFi features like lending and staking. It will benefit from the data storage feature that Bluzelle offers, while offering security to Bluzelle Mainnet by running a validator node.
On the tenth day of November this year, another announcement occurred, but it was between Equilibrium and Bluzelle.
There's a great chance that you know Equilibrium as a decentralized cross-chain money market which is currently being hosted on Polkadot. It has decided to use the Bluzelle’s decentralized oracles to usher in cross-chain liquidity on the Polkadot ecosystem.
Bluzelle oracles will offer Equilibrium the following: high quality price data gotten from numerous sources, while offering security triggers.
Bluzelle heralded a partnership between itself and RioDeFi on the last day of the week.
Bridging the world of DeFi and conventional financing has been the aim of RioDeFi, and it intends to do this by partnering with Bluzelle in a bid to have access to a safe storage of DeFi data.
