Flare Network and FlareDashboard Collaborate to Enhance Transparency and Data-driven Decision Making July 15, 2023 July 15, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 15, 2023 by Kelly Cromley

Flare Network and FlareDashboard Collaborate to Enhance Transparency and Data-driven Decision Making

Flare Network, a prominent Layer 1 blockchain platform, has recently forged a strategic partnership with FlareDashboard, an innovative community-managed database platform. The main goal of this collaboration is to collect vital information about the contributors who assist in the decentralized operations of the network, thereby improving transparency within the Flare ecosystem.

The primary focus of the partnership will be on data providers for Flare Time Series Oracle (FTSO), as they play a vital role in providing price feed data to the network. Eventually, the collaboration will be extended to encompass additional participants, including validators and State Connector attestation providers. The primary objective of this comprehensive approach is to provide network participants with the necessary tools and resources to make informed decisions that are supported by accurate and current information.

Flare differentiates itself from other blockchains by placing a strong emphasis on delivering decentralized and top-notch information to developers. The platform integrates pre-established protocols that enable cost-effective and convenient access to diverse data sets. The system is specifically engineered to effectively manage substantial amounts of data while maintaining cost efficiency.

Ash W, the Chief Executive Officer and Co-Founder of FlareDashboard, shared his perspective on this advancement, emphasizing that FlareDashboard serves as an autonomous community platform that facilitates the connection between infrastructure teams and participants within the ecosystem. The primary goal of the platform is to streamline the sharing and verification of valuable information provided by network infrastructure providers. This empowers participants in the ecosystem to effectively support infrastructure teams that contribute significant value to the Flare ecosystem.

The Flare platform functions as a centralized hub for essential information, encompassing team particulars, KYC compliance, operational track record, data security protocols, technology setup, and network contact details. Flare facilitates transparency within the system by granting access to this information, thereby cultivating trust and fostering accountability among participants.

Partnership Focuses on Gathering Crucial Information about Network Contributors

The website flaredashboard.io provides access to this crucial information for all participants in the network. Infrastructure providers also have the chance to enhance the ecosystem by sharing supplementary information with the community. Hugo Philion, the Chief Executive Officer and Co-Founder of Flare Network, has conveyed his satisfaction in endorsing the community initiative known as FlareDashboard. He emphasized the significance of openly presenting the individuals and organizations contributing to the ecosystem. This transparency facilitates informed decision-making based on data within the Flare community.

The Flare Network has been diligently engaged in substantial endeavors aimed at constructing a resilient and decentralized infrastructure based on blockchain technology. Flare has recently entered into a strategic partnership with Ankr, a reputable cloud infrastructure provider within the Web3 sector. The objective of this collaboration is to improve Flare’s Remote Procedure Call (RPC) procedures, with a specific focus on meeting the needs of developers. This will result in further advancements in the capabilities of the platform.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.