PAID Network is proud to announce its partnership with DIA, an open-source, financial information platform that utilizes crypto-economic incentives to source and validate financial data.
The new partnership with DIA will allow PAID Network to leverage DIA price oracles (data feeds) to power its SMART Agreements and use them within PAID’s DApp to accurately calculate cost conversion, server uptime, customer conversions, and for any external data processes related to validating SMART Agreements agreed-upon data points. This will ensure a transparent, auditable and resilient data infrastructure to power its technology.
Michael Weber, DIA’s President, had the following to say:
“Seeing the DeFi space flourish is great to see — especially now that more and more projects tackle the risk management side of the ecosystem. We are happy to support Paid Network with our oracle services.”
In an evolving world where data reliability is vital, there is a need for applications and platforms to deliver undeniably reliable, trusted and scalable data services that avoid exploitation and manipulation. DIA provides precisely that, where it’s data is not only verified by a whole community of stakeholders but also streamlined through oracles that are open-source, scalable and accessible.
Kyle Chasse, CEO of PAID Network, had the following to say:
“PAID Network is a project based on the premise of trustlessness, therefore partnering with DIA empowers us to deliver on our commitment of providing transparent data points to our ecosystem users, as they use our DeFi powered SMART Agreements to execute trustless business agreements.”
About Decentralised Information Asset (DIA)
DIA is a platform that provides reliable financial data in a financial smart contract ecosystem. The platform connects data analysts, data providers and data users through a verifiable bridge of off-chain data sources and on-chain smart contracts that can be used to build a variety of financial dApps.
About PAID Network
PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.
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