PAID Network Partners With Kylin Network
Kylin Network is proud to announce our new strategic partnership with PAID Network, a Polkadot-based ecosystem-level DAPP that leverages blockchain technology to deliver DeFi-powered SMART Agreements to make business exponentially more efficient.
Kylin is extremely pleased to use the PAID Network’s SMART agreements in its own business operations, and, looking to the future, PAID agreements will allow Kylin data feeders and consumers to customize their own escrow-secured agreements with the option to add-on insurance. PAID Network will also help facilitate agreement negotiations between Kylin data marketplace users, offering dispute arbitration where necessary. The automated, decentralized agreements will save Kylin Network time and money as well as forming another blockchain-based efficiency for our data marketplace users.
Dylan Dewdney, CEO of Kylin Network, had the following to say:
“Kylin is thrilled to announce our partnership with PAID Network to drive efficiency in our own business practices through utilizing their DeFi-powered SMART agreements. Through Kylin Labs, we will also explore innovative use cases that may be applicable for PAID Network within the context of a decentralized data marketplace.”
Since both PAID and Kylin operate on the Polkadot multi-chain, the partnership will leverage additional synergies from cross-chain interoperability. The PAID Network team couldn’t be happier about the partnership.
Kyle Chasse, CEO of PAID Network, relates:
“I am a big fan of Kylin, so much so that we have engaged with each other on multiple fronts: 1) Master Ventures, PAID’s incubator, has made a strategic investment into Kylin Network, and then 2) our PAID Network partnership— we are very excited for our integration into the Kylin Network to facilitate PAID’s SMART Agreements between data consumers and providers as well allow these deals to use tools like escrow and insurance. Kylin labs and PAID are exploring further technical integrations as well. Both being in the Polkadot ecosystem will allow seamless communication between the ecosystems.
About Kylin Network
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network will provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.
Contact Kylin Network
- Telegram: https://t.me/KylinOfficial
- Twitter: https://twitter.com/Kylin_Network
- Discord: https://discord.gg/PwYCssr
- Medium: https://medium.com/kylin-network
- Linkedin: https://www.linkedin.com/company/kylinnetwork
- Official website: https://kylin.network/
About PAID Network
PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.