The post Band Protocol’s New Alliance with Coreum Set to Boost Blockchain Efficiency appeared on BitcoinEthereumNews.com.

Band Protocol has announced a strategic partnership with Coreum, aiming to bridge Real World Assets (RWAs) and enterprise use cases to the burgeoning Cosmos ecosystem. This collaboration marks a pivotal step towards simplifying the integration and interaction across different blockchain networks, bolstering the capabilities of developers within this decentralized landscape. Band Protocol, known for its robust oracle solutions, is integrating with Coreum to deploy its Oracle network across the Cosmos ecosystem through the innovative CW-Band library. This partnership is set to enhance the utility of Band’s oracles, providing developers with streamlined, efficient tools for incorporating vital external data into their blockchain applications. Bridging Gaps with Coreum Coreum emerges as a game-changer in the tokenization of Real World Assets, distinguishing itself with a unique adherence to the ISO20022 financial standard. This standardization enables Coreum to facilitate seamless interactions across various financial systems, enhancing transaction speed and reducing errors.  The platform’s specialty in smart contract functionalities through its Smart Tokens positions it as a prime ecosystem for businesses looking to digitize assets, support digital currencies, and develop sophisticated decentralized applications. The integration of Band Protocol’s oracles with Coreum’s infrastructure is a strategic move that empowers Coreum’s smart contracts with real-time, reliable data essential for operational efficiency and strategic decision-making. This data integration capability is critical for the accurate and timely execution of smart contracts within the Coreum ecosystem, particularly those involving complex financial transactions and asset tokenizations. Enhancing Developer Experience with CW-Band At the heart of this integration is CW-Band, a dedicated library facilitating the interaction between CosmWasm smart contracts and BandChain’s Oracle services. CW-Band serves as a conduit, allowing developers to access a wide array of real-world data, from market prices to foreign exchange rates, securely and efficiently.  This integration not only simplifies the development process but also enhances the functionality…

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Filed under: News - @ July 2, 2024 4:26 am