Smartlink, based in Tezos, will develop a decentralized escrow for digital assets in collaboration with researchers from CEA
Smartlink, an infrastructure project based on high-performance blockchain platform Tezos (XTZ), scores yet another long-term partnership with an outstanding research institute.
Smartlink joins forces with the CEA institute
According to the official announcement shared by the Starlink team, it has entered into a partnership with the French Atomic Energy and Alternative Energies Commission (CEA).
This non-profit is recognized as one of the world’s most innovative research institutes. Previously, it worked together with blockchain and fintech heavyweights of the likes of Engie, Vinci technologies, Alstom and Tezos’ Tenderbake.
As part of the newly inked collaboration, Smartlink and CEA will build a decentralized escrow for digital assets for more seamless non-custodial interactions in DeFi.
Ben Constanty, CEO and co-founder of Smartlink, emphasizes that this collaboration is set to unlock new opportunities for all DeFi enthusiasts of proof-of-stake (PoS) blockchains:
We are developing a solution that bridges the current trust gap in commercial and retail transactions using smart contracts, which is a huge undertaking. Having a partner like CEA by our side provides us with the expertise and industry experience to anticipate all the approaches and potential challenges that we face with our escrow solution.
Offsetting the gap between digital and physical assets
Representatives of CEA stressed that the new partnership is of particular importance for the integration of the digital and physical ecosystems:
The Smartlink ecosystem is the first to provide a full, non-custodial escrow service as well as a marketplace that allows users to trade goods and services using cryptocurrencies.
Tezos-based Web3 escrow by Smartlink will have a dual structure: it will have separate modules for digital and physical assets that can be exchanged for each other.
As covered by U.Today on November 22, 2021, Smartlink’s product launched the second iteration of its “yield farming” module for the decentralized crypto exchange Vortex.
