SciDex Will Use Blockchain Platform Origin Protocol To Create a Marketplace

SciDex Will Use Origin Protocol To Create a Marketplace

SciDex, which is a protocol focused on creating readable and adaptable smart contracts, has recently announced a partnership with the Origin Protocol, which is focused on being an open source platform. This will aid in the creation of the SciDex marketplace.

At the moment, SciDex is mainly focused on the development of a technology but it will not be able to create something tangible, a real product for the market, with the help of the Origin Protocol. The main idea is to create a marketplace in which the technology made with SciDex can be sold and acquired.

The choice for the Origin Protocol was made because the protocol is financed by many substantial venture capital investors like Pantera Capital and others. It has also proved that it deserves the backing of some of the big players in the market with its technological advancements. The team has a deep knowledge of how to help the company and can offer support and structure.

The Companies Talk About the Partnership

SciDex’s CEO and co-founder Alex Bouaziz has affirmed that the main focus of the company is to unlock smart contracts for businesses transactions, so it decided to open a marketplace to be closer to the clients but it needed help for that. This way, Origin will collaborate to create a decentralized platform in which people will be able to participate of the sharing economy with SciDex.

Josh Fraser, co-founder of the Origin Protocol, has stated that he is excited to partner up with SciDex, as the company created the Ricardian Adaptive Smart Contracts (RASC), which are designed to simplify smart contracts and make them considerably more user-friendly.

He has also affirmed that the partnership will be a key for both companies. SciDex will facilitate that many companies are able to use smart contracts and the marketplace will bring this information to an open and decentralized market.

This partnership is very important, especially after SciDex has released the alpha test version of the data marketplace. However, there is still no specific date for the live launch of the platform. It will be powered by the SciToken (SDX) and will allow the clients to buy data, be compensated for their own data and to put requests for specific things.

It looks like SciDex has been successful lately, as the partnership and the release of the Alpha version of the platform indicate that the company is moving towards a successful way and creating a real use case for using blockchain and adapted smart contracts on companies around the world.

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