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Source Network Joins Chainlink BUILD To Drive the Decentralization of Web3 Data Management

// August 15, 2023

We’re excited to announce that Source Network is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate the growth of our ecosystem and the long-term adoption of our decentralized data management infrastructure supported by enhanced access to Chainlink’s industry-leading oracle services, additional technical support, and innovative incentives for cryptoeconomic security. In exchange, we commit to providing network fees and additional benefits to the Chainlink community and service providers, including stakers.

Our team at Source has long believed in Chainlink and is an active participant in their pioneering ecosystem and community. We’re confident that through enhanced support, increased access to secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Source Network and realize the adoption of our decentralized data management infrastructure.

Source: Decentralizing the Web Through Democratizing Data

We started Source Network as a flexible solution to managing data in decentralized applications, enabling developers to build fully decentralized apps while retaining data privacy and ownership for users..

Our Mission is to empower these developers to make apps and devices that talk to each other, to allow users to truly own their data, and to secure information cryptographically to ensure trust. We are putting the internet of the future in the hands of those building it, with people, not power, at the forefront. The result is an ecosystem where data is user-centric, easy to work with, an gives people the opportunity to free their genius and create tools that change the world, unlocking the true potential of Web3.

Why We Joined Chainlink BUILD

We joined BUILD to provide developers building with the Source Stack the maximum benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, our network will receive key benefits, including access to and integration of secure, reliable, and decentralized market and data feeds, verifiable randomness, hyper-reliable automation, access to new Chainlink product alpha and beta releases, and various other benefits.

In exchange for these services, we will make 3% of our native token, OPEN, supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both of our communities to support one another.

“Source Network is excited to join Chainlink BUILD to accelerate the integration of top-tier oracle services, which will empower developers to leverage the full potential of our industry-leading decentralized data management infrastructure to create the next wave of innovative web3 applications. We look forward to welcoming the passionate Chainlink community into our ecosystem as we build together toward a better, decentralized future for data.” —Addo Smajic, Co-Founder of Source Network

About Chainlink

Chainlink is the industry-standard Web3 services platform and has enabled trillions of dollars in transaction volume across DeFi, on-chain finance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Source Network

Driven by the vision of a decentralized, permissionless, and trustless future, Source Network is extending the ethos of blockchains to off-chain data management. With DefraDB, our P2P database, and our trust layer protocol, SourceHub, developers gain the tools and infrastructure to create truly decentralized applications. By leveraging native cryptographic primitives for data security, granular privacy controls, and P2P synchronization across a wide array of edge devices, cloud platforms, and decentralized infrastructure providers, we eliminate vulnerabilities in Web3 and provide developers with unprecedented flexibility and security to unlock the true potential of decentralized applications.

Learn more about Source Network by visiting source.network or reading our developer documentation at docs.source.network. To get on the path to decentralization, try DefraDB

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