The Chainlink BUILD program fosters promising early-stage startups and established projects in Chainlink’s ecosystem. Participants receive benefits including enhanced access to essential Chainlink infrastructure, new product alpha and beta releases, and technical support, in exchange for paying fees that incentivize Chainlink service providers, boost the network’s cryptoeconomic security, and advance the web3 industry as a whole.
This week, Smarter Contracts, a technology company innovating data consent and permissions management protocols, announced it’s joining BUILD to accelerate the long-term growth and adoption of the Pulse Permissions Protocol® and its first tokenized application, Open Data Bureau, through Chainlink’s industry-leading oracle services.
Pulse Permissions Protocol® was conceived in 2019 to solve the data economy’s inadequate permissions management standards with blockchain technology. The protocol allows businesses to capture, store, and automate the management of any data permission, regardless of underpinning laws and regulations. This includes complex, delegated, multi-party, and time-based permissions, alongside crypto-centric permissions, such as delegated staking permissions and protocol interaction permissions.
Open Data Bureau is the first tokenized application being built on the Pulse Permissions Protocol®. Utilizing a novel Proof-of-Permissions-and-Authority consensus algorithm, Open Data Bureau allows users to control how their data is used and shared across networks while securely monetizing their data at rest or in transit.
Chainlink’s decentralized oracle infrastructure has enabled over $12 trillion in transaction value throughout the web3 economy. As the industry-standard decentralized computing platform, Chainlink provides a comprehensive set of services that are critical for creating and securing tokenized real-world assets and stablecoins throughout the multi-chain economy.
As a member of BUILD, Smarter Contracts plans to integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the industry standard for cross-chain token and data transfers. Underpinned by the highest level of cross-chain security, CCIP is utilized by leading DeFi protocols and top financial institutions such as Swift, ANZ, Sygnum, and Fidelity International.
“I am delighted and extremely proud to announce our participation in Chainlink BUILD,” said Smarter Contracts CEO Wayne Lloyd in an official announcement. “The vision of Chainlink aligns perfectly with ours, greatly enhancing the value proposition of the Pulse Permissions Protocol® and Open Data Bureau.”
To learn more about Smarter Contracts, visit their website and X.