This partnership will help ensure data transparency allowing validators and other network participants to make informed decisions.
On Friday July 14, Flare network has entered into a strategic partnership with community-driven database platform FlareDashboard.
The collaboration aims to gather important information about the contributors who support the decentralized operations of the network, thus improving transparency within the Flare ecosystem.
Initially, the focus will be on Data Providers for Flare Time Series Oracle (FTSO), which provide price data to the network. Finally, the partnership will include other participants such as validators and Status connector attestation providers, enabling network participants to make informed decisions.
Flare is a layer 1 blockchain that focuses on providing developers with lots of information in a decentralized way. Unlike other blockchains, Flare has built-in protocols that allow developers to easily and cost-effectively access different types of high-quality data. It is designed to efficiently and inexpensively process large amounts of information. Speaking on the development, Ash W, CEO and co-founder of FlareDashboard, said:
“We have actively supported the Flare and Songbird ecosystem since their inception, and we are very proud to create FlareDashboard, an independent community platform that connects infrastructure teams with ecosystem participants. FlareDashboard’s goal is to facilitate the exchange and validation of valuable information provided by network infrastructure providers.This information can be used by ecosystem participants when delegating to support infrastructure teams that add value to the ecosystem.
Flare seeks to build a transparent system
The Flare platform gathers crucial information including team details, KYC compliance, operational history, data protection measures, technology configuration, and network addresses. This promotes transparency within the system.
All network participants can access this important information through the flaredashboard.io website. Infrastructure providers also have the ability to share additional details with the community. Hugo Philion, CEO and co-founder of Flare Network said:
“Flare is proud to be able to support a community initiative like FlareDashboard. By providing a transparent view of ecosystem contributors, they can help our community make more data-driven decisions about how they participate. »
The Flare Network has worked on key initiatives in the past to build a robust blockchain-based decentralized infrastructure. Recently, Flare formed a strategic partnership with Ankr, a well-known cloud infrastructure provider in the Web3 industry. The collaboration aims to improve Flare’s remote procedure call (RPC) procedures, which are specifically designed for developers.
Bhushan is a FinTech enthusiast and has a good flair for understanding financial markets. His interest in economics and finance draws his attention to the new emerging markets of Blockchain technology and cryptocurrency. He is continually in a learning process and motivates himself by sharing his acquired knowledge. In his spare time, he reads thrillers and occasionally explores his cooking skills.