Band Protocol partners with Wanchain to provide decentralized oracle and support DeFi applications
Wanchain to add real-world data feeds with Band oracle integration
Band Protocol — a data governance protocol for Web 3.0 applications, that provides secure oracle connections for smart contracts and Wanchain — a blockchain platform for decentralized finance and interoperability are partnering with the integration of Band Protocol into Wanchain.
Wanchain’s goal is to change and improve the way the world does financial transactions. As the new digital economy transforms, people and machines will transact daily through smart devices using digital currencies. Wanchain aims in its growth to be one of the primary technology infrastructures facilitating transactions between blockchains.
As part of its technological needs to expand its capability, Wanchain aims to provide decentralized applications the ability to leverage real-world input such as financial market data, real-world events or IoT devices, as well as interface with legacy financial infrastructure, payment gateways, and Web 2.0 APIs. By integrating with Band Protocol, WanChain will have faster, cheaper, more secure and easier-to-integrate oracles available on its platform for developers to utilize and build upon. Likewise, Band Protocol will benefit from being integrated into an ecosystem that supports a high degree of interoperability, providing more flexibility for end-users to interact with the protocol, which should lead to new solutions becoming available to provide greater adoption of Band Protocol.
In addition to its plan to integrate Band Protocol, Wanchain is also committed to long term and multi-faceted cooperation with Band. The two organizations intend to work together to promote the establishment of new and exciting decentralized applications and use cases that make full use of real-world data. Other applications utilizing Band Protocol’s event data feeds and interoperable capabilities will also be explored.
Wanchain will also help Band Protocol by leveraging its rich global resources and community and will aid Band Protocol in its expansion and community building efforts as the protocol continues to grow in functionality.
- Onwards,
Soravis Srinawakoon, CEO, Band Protocol
About Wanchain
Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in Beijing (China), Austin (USA), Kuala Lumpur (Malaysia), and Madrid (Spain).
Website | Documentation|Telegram | Discord | Medium | Twitter | Reddit | Newsletter
About Band Protocol
Band Protocol is a data governance framework for Web3.0 applications operating as an open-source standard for the decentralized management of data. Band Protocol connects smart contracts with trusted off-chain information, provided through community-curated oracle data providers. Blockchains are enabled to connect with any web API, with DApps able to request and use data that has assured integrity through dPoS economic incentives, with one simple function call. Developers using Band Protocol will be able to easily build and manage off-chain oracles, reputation scores, identity management systems and much more..
Website | Whitepaper | Telegram | Medium | Twitter | Reddit | Github
