Today, we announce our partnership with Lithium Finance! Lithium is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It rewards analysts who provide truthful information and punish those who offer false pricing data. Lithium will leverage Cere’s decentralized data cloud (DDC) technology to strengthen data privacy protection and safeguard Wisdom Nodes’ pricing data. Privacy of data is part of the key design for Lithium as Wisdom Nodes answer price-sensitive questions from Wisdom Seekers through the protocol.
Our partnership with Lithium will kick start the launch of the Data Privacy Alliance to raise awareness for protecting data and construct a gateway for DeFi protocols that want to reinforce data privacy.
The way Lithium prices private and illiquid assets rely on the interactions between Wisdom Seekers and Wisdom Nodes. During the process, Wisdom Nodes answer pricing questions from Wisdom Seekers. By design, all the submissions from Wisdom Nodes are private. With the help from Cere’s DDC, Lithium will be able to fortify and strengthen the protection of those price-sensitive data from Wisdom Nodes.
Data privacy has been one of the most under-addressed issues in DeFi. The partnership will also mean the beginning of a brand new data privacy alliance in the DeFi space. This alliance aims to boost the awareness of data privacy and help protocols customize data protection solutions in a decentralized manner.
“Data privacy has been a top priority in traditional finance, and I don’t see the reason why it is not in DeFi. Our team believes that Cere is the right solution for safeguarding the data from Wisdom Nodes. In that way, we will be able to create an ideal submission environment for all the Nodes.” — David Lighton, Co-founder of Lithium Finance
“With the increasing demand for reliable and secure protection of data we are happy to be working together with Lithium and further professionalize their solution with our Decentralized Data Clouds.” — Martijn Broersma, CMO of Cere Network
About Lithium Finance
Lithium Finance is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It rewards analysts who provide truthful information and punish those who offer false pricing data. As a result, Lithium’s users obtain pricing for all hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets effectively.
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.