BlockBank partners with Modefi to provide trustless, transparent, and secure data

Anastasija Plotnikova
Fideum
Published in
2 min readJun 8, 2021

BlockBank is innovating to bring opportunities in DeFi and more mainstream banking applications and we are excited to partner with Modefi to provide truly decentralized, secure, and precise oracle solutions allowing BlockBank to offer a more accurate and broader diversity of data.

BlockBank leverages Artificial Intelligence, adding it to the traditional banking and DeFi system making the entire ecosystem more secure, private, and decentralized. The platform will be AI-powered, which means it will monitor and understand social intelligence, risk mitigation, analytics, batched transactions, and smart contracts.

Modefi integrates major oracles and data providers to use them as complementary entities instead of treating them as competition. Integrating multiple oracles into the platform gives clients using Modefi’s Decentralized Aggregated Oracle Solution the ability to obtain trustless, transparent, secure, and decentralized data.

Modefi’s Oracle Solutions will enable BlockBank’s AI to utilize the most up-to-date, precise, and unique on-chain data. Increasing the number of data sources ensures that data within the BlockBank app, both user-facing and internal, is going to be correct, timely, and independently verifiable by multiple sources. This allows the AI engine to use datasets built on a multi-layered foundation, resulting in predictive and prescriptive outcomes that can be truly trusted.

“We are thrilled with this new partnership as we continue on our mission to further help bridge the gap between DeFi and CeFi applications, through our multi-purpose platform and non-custodial wallet”.

— Kelghe D’cruz- CEO of BlockBank

About Modefi

Modefi: An Oracle Solutions Platform

Modefi’s mission is to bring decentralized trustless Oracle solutions to developers and businesses. Using multi-chain solutions Modefi is building interoperability that will drive adoption and true power to the blockchain ecosystem.

Website: https://modefi.io

Docs: https://docs.modefi.io

Telegram: https://t.me/modefi_official

Twitter: https://twitter.com/Modefi_Official

Reddit: https://www.reddit.com/r/modefi/

CoinGecko: https://www.coingecko.com/en/coins/modefi

CMC: https://coinmarketcap.com/currencies/modefi/

About BlockBank

BlockBank bridges the gap and strives to provide our users with frictionless integration between traditional financial systems and CeDeFi. In short — we are bringing the full banking experience to CeDeFi. We are a user-friendly, highly functional, empowering, and future-proof tool to fulfill any of your decentralized or centralized financial needs — the all-in-one gateway to cryptocurrency. Our Robo advisor is the next generation of analytical tools, AI-powered recommendation systems, and educational materials to help our users navigate all things crypto, make sound and informed decisions.

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