Alibaba Cloud, a branch of Chinese tech company Alibaba Group, has partnered with Elastos, a Layer-1 Blockchain protocol. With the effect of the news, the altcoin price took flight. Aragon, an open-source altcoin, has announced that its infrastructure is now available on the Polygon network. VeChain has partnered with a leading Chinese fashion company. Continue reading us for details…
Alibaba collaborates with Elastos, altcoin price skyrockets
Alibaba Cloud, a branch of Chinese tech company Alibaba Group, is doubling down on its efforts to accelerate the growth of a more inclusive and secure modern internet powered by blockchain technology. In this context, the cloud giant announced that it has partnered with Elastos (ELA), a Layer-1 Blockchain protocol, to create and deploy next-generation solutions. With the effect of the news, the altcoin price took flight. ELA, which was flat around $1.20 during the day, saw a sudden jump to $1.70. At press time, the altcoin was trading at $1.58, up 32% on a daily basis.
This latest move marks a significant step forward in Alibaba Cloud’s broader Web3 strategy, which includes cloud-native Blockchain development, over two decades of serverless services, private key and smart contract management tools. According to the shared official press release, the partnership will entail developing decentralized web communities by supporting ecosystem projects and holding hackathons and developer training programs.
The integration is expected to enable Alibaba Cloud to offer its 2.3 million customers a backend AppStore with the help of one-click deployment solutions, as well as open source Web3 technologies such as Elastos’ decentralized identity, storage and peer-to-peer communication solutions. At the same time, Elastos developers will be able to take advantage of Alibaba.
Aragon and Polygon Labs collaborate
Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has announced that its infrastructure is now available on the Polygon network. The collaboration will allow users to create decentralized autonomous organizations quickly and securely, with no coding required, for less than 50 cents.
The collaboration between Aragon and Polygon Labs will provide users with a cost-effective and accessible solution for creating and managing DAOs. The partnership will allow users to now create DAOs quickly and securely for as little as 50 cents, with no coding required. DAO is an organization run through rules coded as computer programs on the Blockchain. Unlike traditional organizations, DAOs operate without a central authority or hierarchy and rely on a distributed network of stakeholders to make decisions and manage the organization.
Through the partnership, users will be able to quickly launch DAOs without requiring technical expertise, leveraging Aragon’s “lean codebase” and Polygon’s Layer-2 Blockchain. This new method, using fully on-chain technology, aims to reduce the barriers and costs associated with setting up and managing DAOs, thereby enabling people around the world to participate at an appropriate rate. Sandeep Nailwal, co-founder of Polygon Labs, said the partnership will make non-chain governance “accessible to everyone in the world”, thereby positively contributing to “mass adoption of Blockchain technology.”
VeChain partnered with fashion company
The altcoin project continues to enter multi-billion-dollar companies, and this time it is making its technological innovations with the fast-growing fashion brand BLOCKMEME. The Chinese-specific version of Vechain, called NanoJClean, was used as the technology stack to help BLOCKMEME maintain its authenticity to all its customers.
BLOCKMEME was founded in 2021 as a fashion brand to meet the demands of the younger generation. With a wide variety of products, BLOCKMEME now plans to embroider handbags with a chip that can help carriers identify which products are authentic and not. With the digital world expanding at a very erratic pace, almost everyone now owns a smartphone of legal age. This created a vast space and industry that gave birth to a whole new identity that permeates fashion and other areas of life. Creating a way for BLOCKMEME to showcase all these identities through brand and product creativity is an important goal.
It also uses technology to allow its users to verify what’s in store, while enabling customers to tent with trusted brands and products. NanoJClean has remained on the positive side of innovation since its launch. The company’s technology based on Vechain has been designed to be versatile and applied to different industries to help solve issues related to traceability, sustainability and clean energy. BLOCKMEME hopes to build on this rare verification stack to gain trust and build a new customer base around the world, while maintaining the existing partnership as the first of its kind in both the blockchain and fashion worlds.
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