Smartlink Partners Up with Research Center CEA to Build a Web3 Escrow Solution for Products and Services
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Smartlink continues to push the boundaries of developing a decentralized ecosystem providing much-needed Web3 infrastructure. The team focuses on escrow smart contracts, a decentralized marketplace, launchpad solutions, and a comprehensive DeFi suite.
Smartlink entered a strategic partnership with the CEA, the World’s Most Innovative Research Institution, per Reuters. The French Alternative Energies and Atomic Energy Commission (CEA) is a government-funded research organization focused on energy, defense, and security.
The CEA has worked with numerous prominent companies, including Engie, Vinci technologies, Alstom, and Tezos’ Tenderbake. Additionally, Smartlink and the CEA have worked together to help identify an ideal framework for the escrow module being built under the Smartlink banner. More importantly, the escrow module needs to function with both digital and physical products, which poses new opportunities and additional challenges.
With the help of the CEA, Smartlink will split work on the escrow module into two categories. One side is to look at the Digital side of the spectrum, whereas the remainder of the focus lies with Physical assets. Every category has its own set of utility and functionality which needs to be developed and supported.
The partnership with the CEA will help leverage blockchain technology to build a broader decentralized finance ecosystem excelling in security, performance, and profitability. Moreover, it will focus on the Tezos blockchain, which provides a cheap, fast, and efficient ecosystem.
A representative at the CEA noted about the partnership:
“Smartlink ecosystem is the first to provide a full, non-custodial escrow service as well as a marketplace that allows users to exchange goods and services using cryptocurrencies.“
CEO & Co-Founder, Ben Constanty, added:
“We’re developing a solution that bridges the current trust deficit in retail and commercial transactions using smart contracts, which is a huge undertaking. Having a partner like the CEA at our side provides us with industry expertise and experience to foresee all the potential approaches and challenges we need to address through our escrow solution.”
The recent launch of its DEX Vortex confirms the commitment to decentralized finance and the Tezos ecosystem. In addition, the Vortex DEX supports yield farming incentives for various tokens on the Tezos blockchain, enhancing the appeal of what Smartlink brings to the table.
About Smartlink
Smartlink is developing a sustainable ecosystem of decentralized and scalable applications on top of the Tezos network including a decentralized escrow service, a marketplace for crypto users, and DeFi applications.
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