As per the release, Polkadot’s integration with Bluzelle will allow developers to launch new parachains or parallelizable blockchains, while retaining access to a decentralized data network.
Bluzelle is a decentralized database service provider with its data storage solutions meant for developers of decentralized applications (dApps) that would otherwise have to rely on centralized infrastructure and traditional cloud-based databases. It is powered by BLZ, its external ERC20 token and its native token BNT (Bluzelle Network Token). Bluzelle said in a statement:
By entering the Polkadot ecosystem, Bluzelle will provide a backbone to support innovation while positioning itself at the heart of the Web3 movement. Polkadot’s scalable blockchain, designed to support cross-chain composability, is ideally suited to launching decentralized applications (dApps).
The startup stated that the integration could especially further the transition to a new and more secure internet, otherwise known as Web 3, by connecting Bluzelle’s decentralized storage projects to these apps built on Polkadot. Moreover, Polkadot is a flagship project of the Web3 Foundation that funds research and developers to build DeFI applications or dApps.
The release further stated that Bluzelle’s oracle system, a functionality within its DeFi services would also help projects store historical prices while strong dApp data in a decentralized manner.