Rate3 x Bluehill x IOST: A Push Towards Global Adoption
A BlueHill Alliance
We are proud to announce our partnership with BlueHill, a startup incubator and accelerator for global blockchain projects. BlueHill was established to support the rapidly growing interest from developers and entrepreneurs in the IOST blockchain.
With a massively successful funding run of $50 million, BlueHill was officially launched to provide crucial backing and support to IOST industry partnership projects as well as DApp development and blockchain technology innovations within the IOST ecosystem.
With the backing of the well-funded incubator and accelerator, the IOST network will garner greater interest and compete for developer attention with top tier blockchain platforms such as Ethereum.
In the future, Bluehill x IOST’s vision is to launch projects and emulate the swift expansion of blockchain technology supported by the Ethereum ecosystem over the last year.
The news of BlueHill’s launch received massive media attention across the globe. Among them, Coindesk, the authoritative media in the field of blockchain and cryptocurrency, posted a long form report on BlueHill and IOST’s launch.
“Our focus is on backing the best teams early and aligning our interests with theirs right from the start so that we can build trust and familiarity with the most enduring companies,” the firm said.
When it comes to investing in companies, BlueHill will work with Binance Labs and Huobi Capital.
BlueHill and IOST First Meetup in China
Following the announcement, IOST and BlueHill jointly organised their first offline meet-up in China. The event invited important partners in the IOST ecosystem including investors, exchanges, media, loyal fans, and project representatives from BlueHill’s first wave of partnerships. Of which, our CEO Jake was a part of and present for — meeting with IOST Co-founders, Binance Labs and Huobi Pro to discuss about upcoming plans for global adoption.
Additionally, BMAN, founder of Metropolitan Capital, also participated in the event and had high praise for IOST.
“IOST is the largest investment in the Metropolitan Capital portfolio and the team is working their hardest to bring about a truly decentralized infrastructure. It is inspiring to see them working so hard, even as the bear market puts every project to the test.”
— BMAN, founder of Metropolitan Capital
The IOST project has received support from notable investors in China, including Sequoia China, ZhenFund, Huobi, crypto wallet provider Bixin and INBlockchain, the capital firm founded by Chinese crypto tycoon Li Xiaolai.
What does this mean for Rate3?
Rate3 will partner closely with Bluehill and IOST, leveraging on IOST’s high TPS, high scalability and secure infrastructure. Rate3 will also gain access to the following tools:
- HUDS Data Storage Services: With HUDS, Rate3 will benefit from IOST’s ecosystem that employ a decentralized secured, searchable, efficient and economical way to store information.
- DApps and Smart Contracts: Rate3 will run on the the IOST virtual machine (IVM), promising stability and high concurrency. At the same time, Rate3 developers will be able to develop in several major programming languages.
- Fair and Transparent Feedback System: With the opportunity to provide trustworthy feedback upon completion of the service, Rate3 will be better equipped to provide the highest standards of service to all users.
This partnership allows for Rate3 to be based on the IOST chain, creating a state-of-the-art E-Commerce system with almost negligible transaction costs, efficient operation, and distributed redemption functions.
Rate3 is just getting started.
As Alipay said in 1999 that the internet would level the playing field, the Rate3 team believes that Blockchain will level it further, to a decentralised state without intermediaries. With our close partnership with Bluehill, IOST, and many prominent other projects, the beginning of our path to global adoption continues. We are just getting started.
About BlueHill
BlueHill is a global network of talented individuals established to support projects, DApp development and blockchain technology innovations within the IOST blockchain ecosystem.
Website: http://bluehill.net/
About IOST
Launched in 2017, the IOST protocol seeks to provide a scalable blockchain network for the Internet of Services. It promises up to 100,000 transactions per second, while using a Proof of Believability (POB) consensus mechanism and efficient distributed sharding (EDS) technology that vastly improves scalability.
IOST is a comprehensive ecosystem where users get to use a decentralised method to exchange online services and digital goods, while developers are able to deploy large-scale dApps which are capable of supporting a large number of users.
Website: https://iost.io/
Twitter: https://twitter.com/IOStoken
About Rate3
Rate3 is a decentralised dual protocol for cross-chain asset tokenization and identity management. The Rate3 Tokenization Protocol is an end-to-end protocol for tokenization on both Ethereum and Stellar, while the Rate3 Identity Protocol is a protocol to create and manage a unified cross-chain identity.
Website: https://rate3.network
Twitter: https://twitter.com/officialrate3
Telegram: https://t.me/officialrate3
