Source Network Teams Up with Chainlink BUILD to Drive Web3 Decentralization

On Tuesday, Chainlink made an official announcement on Twitter, declaring the inclusion of Source Network into the Chainlink BUILD initiative. Source Network, a Web3-compatible data management layer, empowering end users with data ownership.

Through the partnership, Source Network seeks to expedite the expansion of our eco and facilitate the enduring embrace of our decentralized data management framework. This involves leveraging Chainlink’s top-tier oracle services, supplementary technical assistance, and inventive incentives for crypto-economic security.

🏗️ #ChainlinkBUILD 🏗️@sourcenetwrk has joined Chainlink BUILD to boost the adoption of its Web3 data management layer.

In return, the project will make 3% of its native token supply available to network service providers, including stakers:

Source is… pic.twitter.com/fnhoHYAYBy

— Chainlink (@chainlink) August 15, 2023

The Source team has steadfastly supported Chainlink, engaging in its groundbreaking eco and community. With heightened backing, access to secure off-chain services, and the robust endorsement of Chainlink’s dynamic community, Source Network’s recognition is poised to accelerate and effectively foster the adoption of our decentralized data management infrastructure.

Source Networks originated as a versatile solution for data management within decentralized applications. It allows developers to construct fully decentralized applications while upholding data confidentiality and user ownership. Furthermore, their aspiration extends to confiding the reins of the internet to its originators, emphasizing individuals over authority. This endeavor culminates in an eco centered on user-centric data, marked by operational simplicity.

Additionally, It offers individuals the avenue to unleash their creativity and craft revolutionary instruments that redefine the global panorama. This process effectively unlocks the authentic potential inherent in the Web3 paradigm.

Its main objective is to enable these developers to establish interconnected apps and devices, grant users authentic data ownership, and safeguard information through cryptographic means for unwavering trust.

Why Source Network Joined Chainlink BUILD

In a recently published blog article, Source Network stated their decision to join Chainlink Build was to ensure that developers utilizing the Source Stack can harness the utmost advantages of security and dependability inherent in Chainlink’s oracle infrastructure.

This collaboration entitles the Source network to advantages such as access to and seamless integration of secure, credible, and decentralized market and data feeds. Verifiable randomness, highly dependable automation, early access to new Chainlink product alpha and beta releases, and ious supplementary advantages.

According to Addo Smajic, Co-Founder of Source Network, “Source Network is excited to join Chainlink BUILD to accelerate the integration of top-tier oracle services, which will empower developers to leverage the full potential of our industry-leading decentralized data management infrastructure to create the next wave of innovative web3 applications. We look forward to welcoming the passionate Chainlink community into our eco as we build toward a better, decentralized future for data.”

Extending Blockchain Principles to Off-Chain Data Management

Source Network is expanding the principles of blockchain technology to encompass off-chain data administration. Developers attain the resources and structure needed to craft genuinely decentralized applications through DefraDB, our peer-to-peer database, and the SourceHub trust layer protocol.

By harnessing inherent cryptographic elements for data protection, fine-tuned privacy management, and peer-to-peer synchronization spanning ious edge devices, cloud frameworks, and providers of decentralized infrastructure, we address vulnerabilities within Web3. This approach equips developers with unparalleled adaptability and security, enabling them to fully unleash the genuine capabilities of decentralized applications.