KardiaChain & Band Protocol Partner Up To Power Government & Enterprise Applications
Band Protocol will be integrated into KardiaChain, a public blockchain platform working with major service providers, enterprises and governments like Geleximco, a conglomerate with over $2.2B in assets to decentralise their internal solutions, the top telecommunications company in Vietnam with over 60 million customers to develop a mobile payment gateway and ON Sports a betting dApp with over 200,000 users.
KardiaChain, a public blockchain enabling cross-chain communication through Dual Node technology that allows ledger data of KardiaChain and another blockchain of choice to be simultaneously accessed, are the leaders in blockchain adoption in Vietnam having already worked with major enterprises Geleximco, ONSports and government bodies.
Band Protocol To Become KardiaChain’s Standard Oracle Service
Band Protocol is thrilled to be chosen by KardiaChain as its standard oracle service to allow all smart contracts on their platform to connect to external data APIs and power the next wave of enterprise and government blockchain adoption.
Powering enterprise applications at a grand scale, KardiaChain requires stable and reliable oracles that are decentralized, flexible and not vulnerable to the limitations of network congestion.
Band Protocol is the only decentralized oracle providing the ability for smart contracts to choose their data type/sources and aggregation method without relying on a single point of failure or centralized oracle node. This enables decentralized enterprise applications to be built with a fine-tuned oracle, custom-made respective to their needs.
“We built KardiaChain with a focus on powering large enterprise and government applications on the blockchain. This requires the most reliable, scalable and real-time decentralized oracle only achievable currently through Band Protocol. The collaboration with Band Protocol will enhance dApp security and open the doors for more expansive enterprise applications to be built”
Tri Pham, CEO & Co-Founder of KardiaChain
“From the beginning, it has always been a goal for Band Protocol to power interoperability between smart contracts and traditional enterprise services. Our partnership with KardiaChain, who is working various top enterprises in Vietnam like Geleximico and government bodies, is a great step toward realising this goal.”
Soravis Srinawakoon, CEO & Co-Founder of Band Protocol
Band Protocol’s Use Cases
One of the top telecommunications companies in Vietnam with over 60 million customers is developing a Direct Carrier Billing Platform leveraging Kardiachain’s blockchain. This mobile payment infrastructure will require Band Protocol’s highly secure and robust oracles to provide price feeds for the Vietnamese Dong and various cryptoassets that will be supported. Together, Kardiachain and Band Protocol will digital payment adoption through Vietnam’s 38.4 million smartphone userbase in a reliable and decentralized manner.
Sport Prediction Market
ON Sports, Vietnam’s top sports content platform with over 200,000 users, has used KardiaChain to create a decentralized prediction application where users are able to use crypto-assets to make football score prediction markets and stream donations. The application is live on the testnet and will use Band Protocol to tap into multiple high-quality sporting event data sources to provide accurate and reliable prediction market results from multiple official sport data sources. As such, this will decentralize data sources used to settle prediction games, safeguarding against single points of failure that are susceptible to manipulation. You can download the ON Sports app on the App Store or Google Play today!
Enterprise Adoption on Supply Chain, Real Estate, Agriculture, and More
Geleximco, one of the leading conglomerates in Vietnam, has a strategic partnership with KardiaChain to integrate blockchain into Geleximco various businesses such as banking, real estate, construction and agriculture industries — which require access to external data sources. With various proof-of-concepts including a decentralized ID, supply chain management and smart city solution currently in the works, Band Protocol is able to provide the bridge to all external data sources including but not limited to fiat price feeds, enterprise and identity data.
KardiaChain is a public blockchain platform focused on interoperability and providing hybrid blockchain solutions/infrastructure for enterprises and governments in Vietnam and other countries in South & East Asia. They are working with major services providers (enterprises and government) to decentralise their existing solutions. Our approach helps KardiaChain reach millions of users without the immense cost of educating the market. Our Dual Node technology allows cross-chain communications between any public and/or private blockchain regardless of protocol. This provides easy-to-adopt solutions for institutional clients.
KardiaChain has successfully done the IEO and first listing on Gate.io, based out of Vietnam — potential blockchain landscape, having notable partners of BlockCrafters Capital, Matic, Contentos, CertiK, TOP network, VTVCab, Vietnam Football Federation, Geleximco. KardiaChain has released 2 versions of testnet and is aiming for mainnet launch in 2020.
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.