Beowulf Blockchain is the leading player in offering communication services based on the decentralized cloud network. The company has now announced joining the Alliance for Prosperity, a network of organizations with an objective of enhancing financial inclusion by the use of blockchain technology. Under this new partnership, Beowulf Blockchain and Alliance for Prosperity will work jointly on driving the awareness of decentralized finance (DeFi) protocol among the masses. The collaboration also involves the use of communication across the borders between different blockchain projects, DeFi protocols, and other stakeholders involved in the ecosystem.
The primary motive behind the constitution of the Alliance for Prosperity is to promote financial inclusion through DeFi. The alliance is also proving instrumental in uniting fragmented communities in DeFi space in different parts of the world. As the first step of this partnership, the Beowulf Blockchain’s focus will be to work collectively with other organizations, including many members from Facebook’s Libra Project, to conceptualize a common payment network that can be used for promoting the open system of payments. Specifically, the company will be integrating Celo Dollars as a valid payment option across its suite of technology products, including its flagship offering, the QUICKOM. Additionally, Beowulf Blockchain and alliance members will develop QUICKOM as an attractive option for the companies that want holistic and complete services in the teleconferencing software industry.
QUICKOM is already a credible player in the segment of the technology platform. The software is capable of hosting large conferences allowing the organizations to host up to 5000 participants. The software allows companies to simultaneously connect with their employees as well as other important stakeholders for productive interactions. Beowulf also offers its decentralized blockchain, based on proof of stake consensus mechanism.
This new partnership between Beowulf Blockchain and Alliance for Prosperity is expected to empower stakeholders in the blockchain space and has special significance for the players in the DeFi category. Experts hope that this association will benefit the overall ecosystem of cryptocurrency and go a long way in ensuring that the masses have access to new-age financial tools based on blockchain technology.