Avarta Partners With SupraOracles on Optimised ‘real-world’ data for Cross-chain DeFi Trust Scoring System
Avarta is pleased to announce a strategic partnership with SupraOracles. The objective of the partnership is to reimagine decentralized finance (DeFi) through the creation of a new cross-chain crypto credit system combined with comprehensive cutting-edge real-time pricing data in the cryptocurrency.
SupraOracles is a multi-chain oracle that allows users to optimise real-world data within public and private chains. With expertise in consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi, their extensible solution enables interoperable smart contracts to automate, simplify and secure the future of financial markets whilst lowering regulatory barriers.
Avarta aims to provide crypto companies and the blockchain industry with new standards of authentication and proof of identity, on which a reliable cross-chain credit scoring system is generated. Using top-notch cyber security technologies, the company strikes the balance between data privacy regulations, identity preservation, and ease of use for the wider public across multiple blockchains.
The crypto space is growing rapidly but lacks effective solutions that enable a truly DeFi future in which smart contracts can be exchanged in a secure and transparent environment. Smart contracts rely on accurate data and an effective interface that can facilitate, verify and enforce the agreement.
The partnership between Avarta and SupraOracles aims to deliver next-generation decentralized applications on a multi-chain level. With SupraOracles providing cutting edge pricing data, and Avarta synthesising data to calculate a Trust score, the collaboration will help to build a better ecosystem and lower DeFi collateralization needs.
Chief Executive Officer of Avarta, Matthew Ainscow:
“We are excited to be working with SupraOracles on getting the most secure and accurate data on our system. This empowers us to be able to help our users gain access to better lending rates and helping the ecosystem create new DeFi risk-adjusted products.”
Chief Executive Officer of SupraOracles, Joshua D. Tobkin:
“The synergies of this partnership are founded on our shared values and vision of an interoperable and decentralized financial future. We hope to collaborate with Avarta on many more projects in the future.”
About SupraOracles
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
About Avarta
Avarta is a data authentication layer, with a patented biometric cross-chain wallet aggregator and an innovative cross-chain credit scoring system, known as the Avarta Trust Score.
Avarta Trust Score allows users to gain better access to capital on the blockchain ecosystem through improving trust and transparency. One use-case can be in the form of DeFi products, whereby a better Avarta Trust Score can result in loans with a lower collateral rate.
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