How Project Partnerships Help Expansion & Development of Blockchain Platforms
Blockchain technology is continuing to evolve and grow. Many projects today look to better and advance the technology. Many people associate blockchain with Bitcoin, or maybe Ethereum, but other projects seek to go past what the two have done for blockchain; The tech has evolved past just being a digital currency or featuring smart contracts.
With over 80,000 projects launched since the inception of blockchain and only 8 percent still being active, it is important to see which projects are actively seeking to solve real life problems & to create solutions. Since many projects are scams it is not surprising that the average project only lasts approximately 1 year & 3 months. While there is much hype surrounding blockchain projects and technology it is important to remain realistic.
With many projects promoting tokens, DApps, and a public chain, who can be trusted? Whom amongst the many are grounded & looking for real world application? Who is looking to create a bigger and better ecosystem to benefit the whole world?
When considering a project, it is important to consider the partnerships they are making. In general, partnerships benefit each party involved. They allow each entity to learn and grow, compelling each to be stronger and more successful. Not only should each benefit from the other, but the partners should both have a proven reputation. While it is not currently a top 100 coin, Genaro Network has done well at creating partnerships that will benefit each project involved and at the same time looks to bring real-world application of blockchain technology.
“Genaro Network is the first decentralized storage network with a Turing-complete public blockchain, providing blockchain developers a one-stop solution to deploy smart contracts and store data simultaneously. Meanwhile, Genaro provides everyone with a trustworthy internet and a sharing community”
Genaro Network has key strategic partnerships with projects such as Ziliqa, StorJ, & Pundi X. By partnering with these projects, Genaro Network is looking to be around for a long time.
The Genaro Network is based upon an ecosystem model, which looks support those inside the ecosystem. Those within the system will use GNX (Genaro Network’s Coin) as a way to compensate and pay for leasing space on the Genaro Eden & Genaro Sharer platforms. GNX is going to be scalable across all of the DApps on the Genaro Network, allowing people and organizations to use them in multiple places therefore creating a parallel economy. Partnerships with other favorable projects allow the ecosystem to grow. The joint collaboration opens the door for joint research & development, learning opportunities and a stronger project altogether.
Storj Labs is a protocol that creates a distributed network for the formation and execution of storage contracts between peers. The Storj protocol enables peers on the network to negotiate contracts, transfer data, verify the integrity and availability of remote data, retrieve data, and pay other nodes. StorJ is a United States based company, so the collaboration with Genaro Network will be beneficial, since Genaro Network is based in Asia. Both companies look to increase the number of nodes within the network through the partnership.
“Our community has grown at breakneck pace and Genaro will help us continue that momentum. As companies in China look for distributed storage solutions, Genaro will help us meet their needs and grow our joint presence.” — Co-Founder and Chief Revenue Officer of StorJ Labs.
By leveraging both Storj Labs & Genaro Network’s presence in the North America & Asia Regions, the partnership looks to become a global solution to moving data storage from the cloud to the blockchain. Both companies give each other powerful capabilities and promote each other’s expansion.
Zilliqa is one of the most popular blockchain projects currently. The continued dedication to the development of their mainnet is admirable. They are a high-performance blockchain project, with high-speeds enabling thousands of transactions per second (TPS). Zilliqa uses the sharding theory, which enables transaction speed to increase as the Zilliqa network expands. The current transaction speed on their testnet is much higher than that of Bitcoin or Ethereum. Genaro Network partnering with Zilliqa is admirable, because of the benefit they bring to each other. The efficient sharding, high-speed & many TPS Zilliqa has achieved on their blockchain works harmoniously with the secure, high storage capabilities and the DApp ecosystem of Genaro Network. Zilliqa DApp developers will be able to store their project data on Genaro’s decentralized storage network Genaro Eden, while taking full advantage of what Zilliqa offers.
Zilliqa and Genaro will be working to link both $ZIL and $GNX to enable conversion between the two. The conversion will allow users to escape additional conversion fees. Zilliqa miners & developers will be able to pay for storage on Genaro Eden in $ZIL and Genaro users can also run DApps on Zilliqa and use $GNX to compensate for the service. Zilliqa and Genaro Network are building a larger ecosystem that looks to benefit users with secure data storage and fast transaction speeds. You can read more about the partnership HERE.
Pundi X (writers) facilitates cryptocurrency payments & transactions on their point-of-sale XPOS device. They also accept transactions through a mobile wallet & bank card. The partnership between Genaro Network and Pundi X seeks to further popularize the real-world use of cryptocurrency payments and make them more secure and decentralized.” $GNX can now be used to make real-life purchases using the Pundi X XPOS platform. Along with $GNX being used to make purchases, the XPOS device will use Genaro’s blockchain storage technology to process transactions.
“The benefits of this collaboration is mutual. Genaro Network provides a sustainable and secure platform for XPOS retailers who want to adopt blockchain technology in their business to store their data. Consumers are also presented with a greater range of choice in the fast-developing market for cryptocurrency transactions.” — Zac Cheah, CEO & Co-Founder of Pundi X
This partnership will benefit Genaro Network, because Pundi X is about to release their technology in global retail markets across Switzerland, Singapore, Japan and Korea. Genaro seeks to bring blockchain to everyone’s everyday lives, so partnering with Pundi X and enabling $GNX to be used as a means of purchasing items, shows they’re supporting real-world application of blockchain technology.
Partnerships are key for any sort of project to succeed. Genaro Network knows this and continues to facilitate and embrace coming together with other projects to create a better decentralized global economy. Choosing the right partners with a good and proven reputation is important & Genaro has done that. Collaborations should not only benefit the partners, but also the community as a whole. With benefit to both entities involved, it is a must for any project to consider joining forces. I believe the collaboration between the parties will eliminate the chances of becoming a part of the 92% failure statistic.
Genaro’s latest versions, Genaro Eden and Genaro Eden Sharer, will allow you to store your files in a more secure way and share your unused storage to earn GNX. To download Genaro Eden and begin storing and sharing, follow this link: https://genaro.network/en/genaro_eden/
Get your Genaro Eden/Sharer for Linux, Windows and MAC OS right now from the official website:
Git source repository is on GitHub>>
Important:
Warm reminder to our community members, please download Genaro Eden ONLY from our official website/GitHub and DO NOT trust any referral links and reposts from anyone, otherwise, we won’t be able to guarantee privacy and security of your data and protect you from scammers.
Genaro Eden — The first decentralized application on the Genaro Network, providing everyone with a trustworthy Internet and a sharing community:
Related Publications:
Genaro Eden: Five Core Features
How Does Genaro’s Technology Stand Out?
- About Genaro Network -
The Genaro Network is the first Turing-complete public chain that incorporates a decentralized storage network. Genaro’s original SPoR (Sentinel Proof of Retrievability) with PoS (Proof of Stake) mixed consensus mechanism aims to create a blockchain platform with a processing speed of tens of thousands of transactions per second, which opens the way for the technological shift to move data from centralized clouds to blockchain with decentralized storage. Genaro offers developers a one-stop combined platform for deploying smart contracts and storing the data needed for DAPPs, while also providing everyone with a more trustworthy Internet and a sharing community.
Official Website: www.genaro.network
Github: www.github.com/GenaroNetwork
Telegram Community: t.me/GenaroNetworkOfficial
