Categories: Blockchain

Bondly and SpiderDAO Partner to Secure Transactions

SpiderDAO, the world’s first hardware that built Decentralised Autonomous Organisation (DAO) on Polkastarter, took to Twitter to announce its strategic alliance with Bondly, a blockchain e-commerce protocol company. SpiderDAO stated that the alliance aims to strengthen its security; DeFi and other crypto verticals will ensure the success of decentralized applications if it is built around the trust of end-users. The partnership will upgrade its security protocols to match the contemporary security standards by introducing DAO governance, thereby making it transparent and whale-resistant. 

Bondly took to its blogpost to state that it offers products like Bondswap and BondProtect that deliver adequate security protocols, and hence its partnership with SpiderDAO will prove to be fruitful. The alliance aims to lead the mass-adoption of crypto and DeFi by taking the security system to a whole new level. It further stated that although the alliance is in its formative stage, it will prove to be a game-changer in the decentralized governance domain. Stressing on their competitive advantage of building the technologies on top of Polkadot, Bondly mentioned that it would enhance interoperability and cross-chain communication. 

SpiderDAO’s website further assures that the strategic partnership will bring about multi-level changes in decentralized governance. It also stated that DAO hardware offers easy portability and hence will face no compatibility issues working on the other polkadot para-chain as a part of a governance module. SpiderDAO further emphasized that collaboration will synergistically prove to be a value-adding element to both their communities. The collaboration’s ultimate goal is to boost e-commerce on the blockchain by supporting them through trust-worthy protocols and products, stated SpiderDAO.

Since the partnership is in the early developmental stage, the hardware-related details will be made public in the later stage. According to Nathan Varty, CEO of SpiderDAO, the strategic alliance is set to make a difference in terms of decentralized governance that will deliver ace interoperability and transparent transactions. 

SpiderDAO is a Decentralised Autonomous Organisation (DAO) that aims to deliver top-notch online privacy to its users. SpiderDAO, SPDR Token, and the SpiderConnect Router are a part of SpiderDAO’s ecosystem, which is based on transparent governance policy. Whereas, Bondly offers an interoperable, transparent, and portable swap protocol to transform the digital market space. Its innovative DeFi products ensure the smooth functioning of digital markets by offering robust security. Bondly is already transforming the digital market arena through its product BProtect, DeFi enabled eCommerce gateway that synchronizes with eCommerce sites. Services are offered at no extra cost to its user except tokens. SpiderDAO and Bondly are set to bring transparency and clarity to digital markets through their developments in decentralized governance.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

Recent Posts

Leading On-Chain Option trading protocol Oddz Finance announces its public distribution IDO on Polkastarter

Oddz Protocol is a trustless On-Chain Option trading platform that expedites the execution of call…

2 days ago

Iran Lends Plans to Engage in Bitcoin Mining To Avoid International Sanctions

The Iranian Center for Strategic Studies has released a detailed report highlighting the urgency for…

3 days ago

Evolution Finance Teams Up With PAID Network To Support DeFi

PAID Network has entered into a strategic partnership with Evolution Finance, a portal for DeFi…

3 days ago

Ripple Marches Towards New Project for Central Banks

Ripple, a global payments solution provider, made an official announcement about its new endeavor that…

4 days ago

Chainlink and Smart MFG Build DeFi- Based Supplychain Apps

Smart MFG Tech ltd and Chainlink have come together to introduce Supply-chain applications powered by…

4 days ago

TrueUSD Announced Its Launch on the Avalanche Ecosystem

TrueUSD, one of the most transparent USD-backed stablecoins (in the ratio 1:1) available, has announced…

5 days ago