Paralink Network partners with Polkalokr to use its token locking mechanics

Paralink is pleased to announce its partnership with Polkalokr. It’s mission is to bring trust and simplicity to an unregulated and complex space through its all-in-one, multi-chain token locking and escrow platform with built-in data protection.

Through the partnership, Polkalokr will leverage Paralink’s Oracle platform to provide accurate, real-time data feeds to ensure a reliable and efficient ecosystem.

Integrate Multi-Chain oracle solutions into a token locking platform

Today, blockchain applications are limited by the range of use cases they can serve. Without real-world data, blockchains and decentralized services are unable to provide insurance, prediction markets, and other real-world applications. This can be solved by using oracles that retrieve real-world data so that it can be used in such applications.

By using real-world data connected to a real-time feed, blockchain applications increase their potential and are therefore more capable to be used in real-world use cases and scenarios.

In addition, the exponential growth of the DeFi space brings new challenges. DeFi applications are becoming more complex and there is also a lack of trust, leading to low to no adoption by enterprises. This is where Polkalokr aims to provide solutions to these problems with its multi-chain token escrow platform.

With the benefits brought by Paralink’s multi-chain oracle and integration with Polkalokr, it’s services will be able to benefit from real and real-time data feeds.

About Polkalokr

Polkalokr is the first all-in-one, multi-chain token locking and escrow platform with built-in privacy functionality. Its products, LOKR and SWAPR, help build trust within the DeFi space by removing the human element and focusing on governance through code, with a seamless, omnichannel digital experience platform.

Twitter: https://twitter.com/polkalokr
Telegram: https://t.me/polkalokr
Medium: https://medium.com/polkalokr
Website: https://polkalokr.com/

About Paralink

Paralink Network provides a multi-chain oracle platform for DeFi and other blockchain applications. Applications that require the highest level of security can use Paralink’s on-chain consensus algorithm running on Polkadot Substrate. Paralink’s flexible node design allows developers to query real-world events, sports, weather, random numbers and more. Developers can create custom queries using the Paralink Query Language and connect smart contracts to traditional API’s in minutes.