“Raze Network today announced that it has entered into a strategic partnership with DIA (Decentralized Information Asset), an open-source oracle platform enabling market actors to supply, source, and share trustable data.
Using Decentralized Information Assets (DIA) Data Capabilities To Anonymize Assets
Raze Network will use this strategic partnership to integrate the Decentralized Information Asset’s data capabilities to anonymize crypto assets, Fiat, DeFi tokens, and commodities. This will help Raze execute privacy-preserving trading transactions, staking, insurance, lending, and other such transactions.
The transactions mentioned above will be compatible with multiple DeFi applications, including Acala Network, Uniswap, Ampl, and several others. In addition, Raze Network will provide DIA with additional protection layers for minting privacy tokens and data anonymization.
Protecting Asset Transparency
Raze Network hopes to allow cross-chain privacy-preserving payments and DeFi systems while protecting asset transparency and asset behaviors from malicious players. CEO of Raze Network, Justin Kellerson, stated,
“This partnership is a perfect example of reciprocity. Both teams can greatly benefit from each other and push us to the frontier of decentralized finance. We are excited about the coming conversations on technology, governance, and future planning.”
Founder and Association President of the DIA Association added,
“We are firm believers of the importance of building the DeFi space in a cross-chain direction, and we are very excited to see how Raze Network will enable cross-chain privacy-preserving payments to the DeFi ecosystem.”
About Raze Network
A Substrate-based cross-chain privacy protocol for Polkadot, Raze Network acts as a native privacy layer providing end-to-end anonymity to the complete DeFi stack. The network applies zkSNARKS upon the Zether Framework, building a second-layer decentralized and anonymous module, and then imports it as a substrate-based smart contract.
Raze Network, in its stated objective, hopes to enable cross-chain privacy-preserving payment systems and trading systems while also protecting the transparency of user assets and user behaviors from surveillance.
About Decentralized Information Asset (DIA)
DIA or Decentralized Information Asset is a Swiss non-profit association. An open-source oracle platform, it allows market actors to source and shares trustable data. DIA drives the supply and the use of transparent and verified price data on digital and financial assets. DIA hopes to bring together data users, data analysts, and data providers, and also provide a verifiable and reliable bridge between off-chain data and on-chain smart contracts, helping to build a host of finance-focused dApps.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.”
Source: Crypto Daily™