Bodhi is a decentralized prediction market platform and recently, it took a major step by signing a partnership agreement with ICON. For those who are unaware, ICON is considered to be one of the largest decentralized networks on the blockchain system. The partnership is a strategic one and it may lead to improve Bodhi’s interconnection prediction platform with other blockchains that participate on ICON’s network.
ICON is already a member of the Blockchain Interoperability Alliance. Bodhi’s partnership with ICON will enable those who use the platform to transfer value across various blockchains and it may even lead to those on the ICON global network to gain easier access to Bodhi’s platform. At the end of the day, users may notice more accurate predictions due to the increase in the user base.
Providing Technical Assistance
Another point of the partnership is that ICON will be able to provide technical support, which may make it easier for Bodhi to deploy a decentralized application in 2018. According to J.H. Kim, an ICON council member,
“Bodhi is the first live prediction market on the mainnet and it already has active users utilizing the product, having Bodhi on board will enhance the diversification and strengthening of decentralized application ecosystem on ICON platform.”
As for Bodhi’s own members. Xiahong Lin, its founder and project lead, stated, “We are happy to partner with ICON, which has a strong technological edge, a great user base, and a healthy ecosystem. Although Bodhi is native to the Qtum blockchain, we believe it is important to have footprints in other protocols as each of them has advanced features. The partnership with ICON enables us to facilitate more accurate predictions and better serve Korean users.” At this point, with the agreement signed and the partnership moving forward, it seems that great things are in store for both platforms.