RioDeFi
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RioDeFi

RioChain accesses a decentralised cloud through partnering with Aleph.im

Partnership announcement Aleph.im x RioDeFi

RioDeFi is proud to announce a promising collaboration with Aleph.im.

Both companies are aligned by their focus on delivering decentralized infrastructure solutions. Aleph.im is renowned for providing decentralised storage and computing applications to DeFi protocols. RioChain allows developers to build their Dapps on its blockchain, offering them scalability, lower transaction fees, faster confirmations, more efficiency and global reach.

What is Aleph.im?

Aleph.im’s core mission is to help decentralized apps and protocols to strip off the centralized parts of their stack, achieving a completely decentralized stack. It does this by providing decentralized databases (including file storage), computation and a DID framework. You can think of Aleph.im as a decentralized AWS or firebase.

Aleph.im’s topology is a P2P network with a built-in incentivization mechanism. Its custom network is built on top of technologies such as GossipSub and uses underlying chain consensus. Hence featuring no “direct” transaction fees on its network and low latency transactions (50–100ms). Aleph.im network is very fast and extremely cheap because it is not all onchain, it is a scalability network batching onchain messages.

Regarding its decentralized database service, data is stored on the nodes of the network and messages are stored onchain by batch. Transactions are free for the user on the aleph.im network as long as someone (dApp developer, user himself, protocol) incentivizes the storage, we call this “delegated transactions”. Finally, aleph.im file storage supports IPFS.

Aleph.im already has several DApps running on its network: storage dapp, blogging dapp, even their official website is hosted on their network.

How will this partnership benefit each company?

Aleph.im solutions will benefit the entire RioChain network and particularly teams building their Dapp on our advanced blockchain. Developers will be able to access decentralised storage and database features from Aleph.im network through our SDK. Aleph.im’s GDPR compliant decentralized database and file storage is a unique solution allowing us to embrace a fully decentralized architecture while remaining legally compliant. Aleph.im are making sure some nodes are in the EU (and you can flag data for storage there), and will implement a “forget” feature, with those two items we can ensure GDPR compliance.

We are also in discussion to integrate their DID framework which can potentially provide even more tooling for teams building on RioDefi.

“We’re thrilled to embark on this partnership with Aleph.im, which will bring enhanced functionalities to the RioDeFi ecosystem and provide more tools for dApp developers.” says James Anderson, CEO at RioDeFi

Such level of decentralization and modularity will strengthen the RioChain network, making it more robust and lower the barrier of entry for developers to build fully decentralized projects.

“I am super excited to partner with RioDefi to build a crosschain DeFi ecosystem that has zero centralized components” add Jonathan Schemoul, CEO at Aleph.im

On the other hand, this partnership will help aleph.im to grow and become a more established player in the decentralised storage space.

About Aleph.im

Read more about aleph.im and chat with their community on: website, twitter, telegram, linkedin, github, reddit, explorer, dev docs.

About RioDeFi

RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.

Should you have any questions, please join the conversation on our social media, Telegram and Twitter.

To learn more about the latest developments regarding RioChain, visit: Riodefi.com

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RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems

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