Plugin and Blockedge Build a Global Partnership to Enhance the Utility of XDC’s DeFi and Fintech Ecosystem

Dubai, United Arab Emirates–(Newsfile Corp. – Feb 18, 2023) – Plugin and Blockedge recently announced an exclusive partnership that brings together the market-leading strengths of each firm to enhance the offering and utility of XDC’s DeFi and Fintech Ecosystem. It will be achieved by leveraging the Plugin decentralized oracle built on the XDC network to decentralize a number of e-commerce and other Web 3.0 sites.

Plugin and Blockedge create a global partnership

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The landmark partnership seeks to redefine the way e-commerce marketplaces create decentralized and distributed transaction histories and asset statuses, helping to maintain the resulting ledgers for each system in real time.

And as more people increasingly turn to e-commerce marketplaces to purchase a variety of products, this collaboration enables us to combine leading expertise in identifying and sourcing opportunities that lead to the development of more robust decentralized applications for the global marketplace.

The MOU signing ceremony was held on 9 February 2023 at the Hyatt Regency Dubai Creek Heights in Dubai. The event was graced by Mr. Billy Sebell, Managing Director at XDC Foundation and Director of Ecosystem Development North America at XDC Hybrid Blockchain Network USA, who was the distinguished Chief Guest of the ceremony., Mr. Anand Kumar, Chief Revenue Office, SecureKloud Technologies Limited. , Mr. Srinivas Mahankali Director, SecureKloud Technologies Ltd & Chief Business Officer, Blockedge Technolgies Inc., Mr. Ronald Mitchell from USA, Mr. Prasanna Lohar, Mr. Thani Al Ketbi, Mr. Faris El-Malik and Col (Dr. . ) Inderjeet Singh who is the Distinguished Advisory Board members of Plugin along with Mr. Vinod Khurana, Co-Founder – Plugin and CEO, Suvik Group and Mr. Kapil Khurana, Co-Founder – Plugin and Director of Suvik Group in UAE.

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Our Honorable Chief Guest, Mr. Billy Sebell stated, “The creation of the joint venture between two conglomerates has come at the right time and place and will provide tremendous potential to add value to the blockchain ecosystem as a whole and to the XDC community in particular.”

By leveraging the collective expertise of Suvik and Blockedge, together with SecureKloud and the XDC network ecosystem, the collaboration will accelerate key areas of the organizations’ DApp development. These areas affect:

Through the collaboration, the utilization of Plugin, XDC’s decentralized oracle and Blockedge’s unique expertise in enterprise blockchain networks across various industries becomes a reality. Together, the organizations will help tailor decentralized applications that convert siled transactions into more decentralized forms — all while ensuring utmost data security and data governance capabilities.

To add, the global partnership seeks to increase the supply and utility of the DeFi and Fintech ecosystem on the XDC network through:

• The launch of more than 10 decentralized applications, every year.

• Working on proprietary systems, tools and technologies that will eliminate barriers to adoption for enterprise blockchain systems, and catalyze the adoption of Web3 ecosystems worldwide.

Finally, the new partnership is in line with Plugin and Blockedge’s expansion goals, aimed at increasing the supply and utility of DeFi and Fintech ecosystems through decentralized data oracles and enterprise blockchain systems.

Key partners and stakeholders

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About the plugin

The plugin is a highly secure and scalable decentralized oracle network built on the XDC network. The decentralized oracle network provides cost-effective, tamper-proof and reliable data inputs to support smart contracts in the XDC ecosystem. Through the Plugin, XDC-based smart contracts connect to the world in real time and receive reliable data streams from a network of node operators worldwide.

Plugin’s main interests include decentralization of business models — including but not limited to prediction markets, price indices, Fintech and DeFi, SaaS, etc. Plugin (ticker: PLI) is currently listed on top-tier crypto exchanges such as XT.COM , BitMart, Bitrue, Probit Global, Globiance etc.

For more information about the plugin, please visit https://www.goplugin.co/

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About Blockedge

Blockedge is an infrastructure automation platform that facilitates end-to-end blockchain infrastructure management. The platform uses a zero-coding approach to enterprise blockchain, which facilitates seamless integration of new blockchain solutions with existing systems.

Blockedge ensures that businesses focus on their use case, rather than the technical aspects associated with the initial setup of enterprise blockchain solutions. The benefits of partnering with Blockedge include zero-coding use case deployment, UI-driven infrastructure management, multi-cloud and multi-blockchain platform support, tight governance and security mechanisms, and more.

For more information about Blockedge, please visit https://www.blockedge.io/about-us

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Contact information:
Name: Kapil Khurana
Email: [email protected]
Place: Dubai, United Arab Emirates

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