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.
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.
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.
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