September 7, 2018 – (BOSTON) – The team at SciDex has made the announcement regarding a lucrative partnership with the Origin Protocol, an open source blockchain platform. SciDex plans to utilize the platform in order to build and maintain its marketplace, while at the same time continuing its vision of providing user-friendly smart contracts to business and organizations.
The Origin Protocol offers a number of helpful tools in order to help SciDex achieve its goals. The announcement represents a substantial step forward in viability for the startup company, particularly considering the already very successful history for Origin.
The Origin protocol will allow for the sharing of data within the alpha release, per SciDex leadership. “Although SciDex’s main focus is to unlock smart contracts for organisations in all kind of business transactions, the team decided to build the SciDex MarketSpace, as a first pragmatic application of the SciDex protocol.The aim is to create a decentralized platform to share alternative data, and by collaborating with Origin, we’ll build the sharing economy of tomorrow!” said co-founder and CEO Alex Bouaziz.
SciDex is also a major partnership win for the Origin Protocol, particularly with the SciDex creation of Ricardian Adaptive Smart Contract (RASC). SciDex has created the RASC in order to make smart contracts more accessible and user friendly, while still maintaining the same robust technical power for transactions.
“The SciDex protocol will be a key facilitator for organisations to adopt smart contracts at scale. The SciDex marketspace is a great application of the protocol aiming to bring an open and fair environment to alternative data exchange. We are thrilled that SciDex decided to build their marketspace leveraging the Origin platform and we are looking forward collaborating with their team,” said Josh Fraser, Cofounder at Origin Protocol.
SciDex has already announced the release of its initial data sharing economy platform, organzied by self-learning natural language protocol (NLP), and designed to allow participants with unused data a simple way to monetize that data, as well as search for data from other professionals. Users can also stake SciToken (SDX), which allows users to make requests for data sets and offer payment for other participants.
The Origin partnership, as well as the recent release of the alpha version indicate a forward-thinking business plan for the leadership at SciDex, co-founded by MIT graduates. With substantial awareness of both business and technology, the company is poised for strong success.
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