RioDefi Partners With Aleph.im: Decentralized Database Meets Crosschain DeFi
We are delighted to announce our partnership with RioDeFi, an ambitious crosschain DeFi project building the next generation of DeFi products and blockchain. RioDeFi is built on the Parity Substrate framework and fully compatible with the Polkadot network.
About RioDeFi
RioDeFi’s mission is to accelerate the mass adoption of digital assets by bridging traditional and decentralized finance. The RioDeFi applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.
RioDeFi’s mission is to accelerate the mass adoption of digital assets by bridging traditional and decentralized finance.
RioDeFi is powered by RioChain, its mainnet CC-1 (Candidate Chain 1) is live, it is a highly scalable network that runs with low $RFUEL gas fees. RioChain network provides access to crosschain DeFi services.
RioDeFi roadmap includes a wallet, an easy fiat on & off-ramps exchange, a payment system, and a debit card.
What Will RioDeFi Use Aleph.im For?
Integrating aleph.im with RioDeFi means benefiting from all of its features for the RioDeFi products but also passing on these features to teams building on their advanced blockchain.
Aleph.im’s GDPR compliant crosschain database and file storage provide a turn-key technical and legal solution. RioDeFi can embrace a fully decentralized architecture while remaining legally compliant.
Aleph.im provides GDPR compliant cross-chain database and file storage solutions
Two essential conditions for GDPR compliance is to (i) store data within the EU which aleph.im will be able to do via a feature where users can store data only on nodes located in the EU and (ii) provide a “forget” feature which will be available as well provided too.
Finally, RioDeFi might integrate our DID framework as we progress steadily on that front too. This would provide further tooling for teams building on RioDeFi.
What Does It Mean For Aleph.im?
This second partnership in the Polkadot ecosystem is significant as it is perfectly aligned with our commitment to helping DeFi projects to fully decentralize their stack by removing the need to rely on centralized cloud services controlled by tech titans such as AWS or Google Cloud.
This followed our recent announcement of aleph.im support for Polkadot/Kusama/Substrate and a first partnership in this ecosystem.
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Should you have any questions, please join the conversation on RioDefi social media, Telegram and Twitter.
To learn more about the latest developments regarding RioChain, visit: RioDefi.com
