This partnership will help ensure data transparency allowing auditors and others involved in the network to make informed decisions.
On Friday, July 14th luminous network Entered into a strategic partnership with the community-run database platform FlareDashboard.
The collaboration aims to gather critical information about the contributors who support the network’s decentralized operations, and to improve transparency within the Flare ecosystem.
Initially, the focus will be on Data Providers for Flare Time Series Oracle (FTSO), which provide price feed data to the network. Ultimately, the partnership will include other participants such as auditors and State link Certification service providers, enabling network participants to make informed decisions.
Flare is a layer one blockchain that focuses on providing developers with a lot of information in a decentralized way. Unlike other blockchains, Flare has built-in protocols that make it easy and affordable for developers to access different types of high-quality data. It is designed to handle large amounts of information efficiently and at a low cost. Speaking about the development, Ash W, CEO and Co-Founder of FlareDashboard said:
“We have been actively supporting the Flare and Songbird ecosystem since its inception, and are proud to have built FlareDashboard, an independent community platform that connects infrastructure teams with ecosystem participants. FlareDashboard’s goal is to facilitate the exchange and validation of valuable information provided by network infrastructure providers. It can The use of this information by ecosystem participants when delegated to support infrastructure teams that add value to the ecosystem.”
Glow seeks to build a transparent system
The Flare platform brings together critical information including team details, KYC compliance, operational history, data protection measures, technology configuration, and network addresses. This enhances transparency within the system.
All network participants can access this important information through the flaredashboard.io website. Infrastructure providers also have the opportunity to share additional details with the community. Hugo Fillion, CEO and Co-Founder of Flare Network said:
“Flare is proud to be able to support a community initiative like FlareDashboard. By providing a transparent view of ecosystem contributors, they can help our community make more data-driven decisions about how they participate.”
Flare Network has been working on major initiatives in the past to build a robust blockchain-based decentralized infrastructure. Recently, Flare has formed a strategic partnership with Ankr, a well-known cloud infrastructure provider in the Web3 industry. The collaboration aims to improve Flare’s Remote Procedure Call (RPC) procedures, designed specifically for developers.
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Bhushan is a financial technology enthusiast with a good knack for understanding financial markets. His interest in economics and finance has turned his attention towards the new emerging Blockchain technology and Cryptocurrency markets. He is persistent in the learning process and keeps himself motivated by sharing the knowledge gained. In his spare time he reads fantasy and thriller novels and occasionally explores his culinary skills.
