RioDeFi Partners with BluzelleDB for Secure Storage of DeFi Data
RioDeFi, a blockchain technology company aiming to bridge traditional and decentralized finance, has signed a strategic partnership with Bluzelle. RioChain, a Parity Substrate-based blockchain, will utilize Bluzelle’s scalable and interoperable decentralized DB for off-chain storage of their DeFi data. Besides that, RioChain will support Buzelle’s Main net as a long term validator to help safeguard its network.
RioChain is ideal for a broad range of decentralized applications, especially for developers who are interested in building dApps on a fast, scalable, interoperable blockchain with low transaction fees. With a mission to accelerate the mass adoption of digital assets, RioDeFi just launched the beta version of RioWallet, which will allow people to easily convert fiat currency from a bank account or credit card to cryptocurrency and enable users to access DeFi services including swapping, staking, lending, and borrowing.
Bluzelle’s decentralized database will provide a secure solution for developers building on RioChain to store their data, while keeping a decentralized tech stack. Data will be distributed across the different nodes in their network, which ensures that data stored in its network is safe and always available. With Buzelle consensus engine, data is only accessible by the authorized owner. Furthermore, by moving on-chain data off chain, RioChain will remain efficient and become more scalable along with the exponential growth of users and network activities.
BluzelleDB can be easily accessed and integrated through the different client libraries that we support, including JS, Python, Go, Ruby and so on. An updated version of BluzelleStudio will also be launched, where developers can manage their data directly through a client interface.
“Bluzelle enables Dapps to store their data in a place that is both decentralized and mutable, which is a huge benefit for Dapps building on RioChain. Many Dapps still use centralized databases for hosting certain data points that are too costly to store on-chain, so Bluzelle’s decentralized DB for off-chain storage offers a perfect solution to maintain sufficient decentralization while still minimizing cost.” says James Anderson, CEO of RioDeFi.
RioDeFi will also extend its support to the Bluzelle Mainnet as a validator. Onboarding top-notched validators like RioDeFi onto the Bluzelle network is part of the ongoing effort to continuously level up the security and decentralization of the Bluzelle blockchain.
“We are proud to be supported by RioDefi who has created a core infrastructure for DeFi and are committed to drive Bluzelle towards our mission to be a reliable and secure database for dApps. We believe with RioDeFi’s strong technical infrastructure and expertise, they will help to ensure the max efficiency and security of our network.” says Pavel Bains, CEO of Bluzelle.
About Bluzelle
Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability and availability than traditional solutions. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360-degree views, and more. As DeFi grows, Bluzelle’s infrastructure services play a big role.
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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.
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