Cere Network Awarded Web3 Grant To Develop Turn-Key Private Blockchain Network
Cere Network has been awarded a Web3 Foundation grant, an award typically awarded to entities performing research and development in the field of decentralized software protocols. The grant allows Cere to further develop a turn-key Private/Permissioned/Standalone blockchain network that can be readily integrated by any enterprise. You can check out the documentation here.
The Web3 Foundation awarded Cere the grant based on its initiative to make Substrate-based private or permissioned networks easier to use. The Foundation underscored this decision by noting that Cere had also established a new smart contract standard designed to transfer brand or application assets to individual user ledgers.
Cere Network intends to leverage this grant by having it support the corporate client integrations of other Polkadot/Substrate community members.
Not incidentally, Web3 Foundation and Parity Technologies are behind the Polkadot project. Cere is part of a consortium of projects such as Polkadot and Cosmos, united by the vision of cross-chain interoperability between blockchain networks.
“We’re honored to be chosen for this grant from Web3 Foundation, as we believe in building products that free businesses and developers from centralized control. Building on Polkadot/Substrate allows us to advance the Cere Decentralized Data Cloud adoption faster for clients and the community alike, many of whom are currently stuck behind the walled gardens of big tech.”
Fred Jin, CEO of Cere Network
About Cere’s Turn-Key Blockchain Network
Cere’s turn-key blockchain network is built with Substrate, a modular framework that allows network users to create a purpose-built blockchain using pre-built components. Consequently, it can be integrated into any Polkadot/Substrate-based Layer 1 network to serve as a secondary chain.
Moreover, as a turn-key operation, it’s easy to implement and already optimized for security, privacy, and performance. Enterprises even have the option of employing it as a template for customizing their own chains. Read more on how nearly 100 developers are already working with the technology:
What is more, any network built from or derived from this project will also be able to use derivative assets to represent real-world value transfers on-chain (e.g. micropayments, discount vouchers, loyalty points, etc), as well as being able to programmatically issue these assets between user and application wallets.
Below we have the overview of all the key features that this project will support:
- A set of turn-key substrate-based packaging and tools that simplify the customization, configuration, testing, and deployment of such a blockchain network.
- Pre-built solutions to create/assign/transfer derivative assets in business to consumer use cases.
- Pre-configured and optimized for feeless transactions and performance.
- Creation of custom derivative assets and automate the transfer to/from user wallets to app wallets by any/app brand.
- Optimization of batch user onboarding and transaction processing for higher throughput situations needed for consumer apps/sites.
Finally, any network built from or derived from this turn-key project will be able to employ derivative assets to represent real-world value transfers on-chain (such as micropayments, discount vouchers, loyalty points, and more). They will also be capable of programming how these assets are to interact between user and application, including wallets.
About Cere Network
Cere Network is well on its way to defining the future of consumer data, e-commerce, and NFTs.
Our key innovation revolves around the Cere Decentralized Data Cloud powered by the Cere Network mainnet. Cere’s Decentralized Data Cloud (DDC) is designed from the ground up to address today’s enterprise need for individual user data encryption and privacy compliance while simplifying the customization and integration with today’s intelligent (AI) data-driven personalization solutions.
Utilizing this Decentralized Data Cloud, the Cere team is currently rolling out several enterprise projects and its own proprietary NFT platform.
More information about Cere Network:
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