DIA Insights
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DIA Insights

Partnership with Paid Network

DIA and Paid Network announce a partnership to integrate trusted, transparent price oracles into Paid Network’s ad-free content monetisation platform as well as integrating DIA into Gather Online’s payout mechanism.

Update 05.03.2021: Due to a potential exploit of PAID Network we are investigating the upcoming partnership integration.”

PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements are built through smart contracts executing DeFi transactions and business agreements seamlessly, seeking to improve efficiency.

Paid Network will be leveraging DIA data feeds to power its SMART contracts to accurately calculate cost conversion, server uptime, customer conversions, and for any external data processes related to validating SMART Agreements agreed-upon data points. This will ensure a transparent, auditable and resilient data infrastructure to power its technology.

Kyle Chasse, Paid Network’s CEO’s thoughts on the partnership, “PAID Network is a project based on the premise of trustlessness, therefore partnering with DIA Data empowers us to deliver on our commitment of providing transparent data points to our ecosystem users, as they use our DeFi powered SMART Agreements to execute trustless business agreements.”

DIA’s Association President, Michael Weber, adds: “Seeing the DeFi space flourish is great to see — especially that more and more projects tackle the risk management side of the ecosystem. We are happy to support Paid Network with our oracle services.

About DIA

DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.

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