Cypherium | Chainlink Collaboration
“This collaboration is centered on the need for the optimization of smart contract functionality through secure and reliable oracle solutions. Joint efforts include, fostering development of use cases and engaging cross-community.”
New York City, NY — 06 April, 2020 — Cypherium, the enterprise-focused blockchain platform that prioritizes scalability and decentralization, has announced a collaboration with Chainlink, the market leading decentralized oracle network.
Through partnerships with IBM, Amazon Web Services and Google Cloud, Cypherium’s enterprise blockchain solution affords clients with rapid transactions, high throughput, confidentiality and the cross-chain capabilities needed to scale to the demands of real-world business needs. This partnership comes at a pertinent time for Cypherium with the recent addition of the global leader in human resources, Randstad, to its collaborator network.
Specializing in secure and reliable bidirectional integration of off-chain data with smart contracts, Chainlink oracles are used by global enterprises such as Google, Oracle, and SWIFT. Through access to Chainlink’s oracle capabilities, Cypherium can optimize the blockchain implementation and application procedures for its world-renowned global partners, giving them access to fully integrated smart contracts that are secure end-to-end.
Sky Guo, CEO at Cypherium, said, “Uncompromising on security, Chainlink is an ideal technology for Cypherium. The Chainlink network is recognized by top independent research firms such as Gartner as a leader in blockchain applications. At Cypherium, we understand the value of secure middleware solutions and are thrilled to be able to provide our global enterprise partners with Chainlink’s state of the art oracle capabilities.”
This collaboration will see the creation of use cases utilizing both Cypherium and Chainlink’s technologies, with supporting case studies to be conducted into these developments. Both organizations will engage in collaborative marketing activities and engagement in order to foster the growth of the ecosystem.
Dan Kochis, Head of Partnerships for Chainlink, said, “Cypherium’s blockchain solution provides enterprises with iron-clad security and lightning speed transactions for smart contracts. Chainlink’s decentralized oracle technology enhances the functionality of smart contract blockchain platforms like Cypherium, ensuring Cypherium’s collaborators have undisputed security and reliability of their critical off-chain data feeds, web APIs and traditional bank payments. Enabling Google Cloud, AWS and IBM access to Chainlink is a significant milestone in our development, and Chainlink can advance the realization of endless use cases, made possible by Cypherium.”
Cypherium is capable of processing upwards of 10,000 transactions per second and delivering significant business benefits, including cheaper, more lightweight deployment, enhanced security, improved traceability, increased efficiency and speed of transactions, as well as reduced costs. With Cypherium, enterprises have access to a distributed ledger technology that can scale, while also delivering the numerous privacy and security benefits of blockchain technology.
Cypherium CEO Sky Guo is available for interview
Cypherium was founded in 2017 to address the shortcomings of predominant blockchain technologies hampering widespread enterprise adoption. Identifying that scalability and decentralization were crucial, Cypherium developed a dual chain structure that employs a hybrid Proof-of-Work (PoW) and HotStuff(Also adopted by Facebook’s Libra) consensus mechanism capable of processing upwards of 10,000 transactions per second, all while remaining truly decentralized. With Cypherium, enterprises have access to a distributed ledger technology that can scale, while also delivering the numerous privacy and security benefits of blockchain technology. For more information, visit www.cypherium.io
Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to large enterprises (Google, Oracle, and SWIFT) and leading smart contract development teams such as Polkadot/Substrate, Synthetix, Loopring, Aave, OpenLaw, Etherisc, Conflux, and many others. Learn more by visiting the Chainlink website, Twitter or Reddit. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.
Note: chainlinkecosystem.com does not claim any ownership of this content, all credit to Cypherium, view official announcement.