Smartlink is working with CEA to develop a Web 3.0 escrow solution

December 23, 2021 - Around 3 mins mins to read

Smartlink is proud to announce a number of new developments and important partnerships. Significant progress has been made on the 3. Margin Front website and the market. In addition, Smartlink has entered into a strategic partnership with CEA to create an ideal framework for digital and physical products.

December 23 – Vancouver, Canada – Smartlink continues to push the boundaries of developing a decentralized ecosystem that provides the much-needed 3rd World Wide Web infrastructure. The team focuses on smart trusts, decentralized markets, launchpad solutions and a comprehensive decentralized finance suite (DeFi).

According to Reuters, Smartlink has a strategic partnership with CEA, the most innovative research organization in the world. The French Commission for Nuclear and Alternative Energy (CEA) is a government-funded research organization focusing on energy, defense and security.

CEA has worked with many well-known companies including Engie, Vinci Technologies, Alstom and Tezos’ Tenderbake. Additionally, Smartlink and CEA worked together to define an ideal framework for the escrow module that will be created under the Smartlink banner. More importantly, the escrow module needs to work with both digital and physical products, which opens up new opportunities and additional challenges.

With the help of CEA, Smartlink will divide work on the escrow module into two categories. One side deals with the digital side of the spectrum while the rest is focused on physical assets. Each category has its own add-ons and features that need to be developed and supported.

The partnership with CEA will help leverage blockchain technology to build a broader decentralized financial ecosystem that is characterized by security, performance and profitability. In addition, it will focus on the Tezos blockchain, which provides an inexpensive, fast, and efficient ecosystem.

A representative from CEA took note of the partnership:
“The Smartlink ecosystem is the first to offer a full no-custody escrow service, as well as a marketplace that enables users to exchange goods and services using cryptocurrencies.”

Ben Constanty, CEO and Co-Founder added:

“We are developing a solution to bridge the current trust deficit in retail and commercial transactions with the help of smart contracts, which is a huge undertaking. Having a partner like CEA by our side gives us the know-how and industry experience to anticipate all potential approaches and challenges that we need to address with a solution for your deposit. “

The recent launch of a decentralized exchange (DEX), Vortex, confirms its commitment to DeFi and the Tezos ecosystem. In addition, Vortex DEX supports profitable agricultural incentives for various tokens on the Tezos blockchain, increasing the attractiveness of Smartlink’s offering.

Via Smartlink

Smartlink is developing a sustainable ecosystem of decentralized and scalable applications in the Tezos network, including a decentralized escrow service, a marketplace for crypto users and DeFi applications.