Gora Joins Cointelegraph Accelerator; Set to Revolutionize Industries with Blockchain
Summary:
Gora, a decentralized blockchain oracle network, has partnered with the Cointelegraph Accelerator program. Utilizing smart contracts to redefine traditional business procedures, Gora enables reliable access to off-chain data for decentralized applications (DApps). Unlike other networks, Gora’s focus extends beyond decentralized financial applications, targeting supply chain management, and IoT integration. Backed by an experienced team and over 117 active nodes, Gora anticipates to further expand into BSC, Arbitrum, Cosmos and Solana ecosystems by the end of 2024.
Gora, a novel oracle network built on blockchain technology, has recently become a part of Cointelegraph's Accelerator initiative. As a largely untapped element in the blockchain realm, smart contracts can potentially transform business procedures, legal agreements and transaction automation. This market, anticipated to grow to $8.79 billion by 2030, is capable of augmenting transparency, lowering costs, and amplifying efficiency across various sectors. Despite their potential benefits, small and medium-sized businesses miss an opportunity worth $20 billion in smart contracts because the full potential of this technology is yet to be recognized and embraced widely. One possible solution for this gap is integrating decentralized applications (DApps) and smart contracts.
Decentralized applications, powered by smart contracts, can automatize transactions and simplify agreements in a trustless and clear way, therefore optimizing business functionalities. However, for these applications to function at their best, they need secure and trusted access to off-chain data, which can be provided by decentralized oracle networks like Gora.
By targeting not just decentralized financial (DeFi) applications, but branching out with cross-chain features through Gora.Fi, Gora's viability isn't strictly confined to DeFi. It makes strides in multiple areas such as supply chain management for product tracking and validation, and the Internet of Things integration, where it links real-world sensor data with smart contracts to streamline processes.
Backed by a team of professionals with experience in Fortune 500 companies, Gora boasts of having an annual recurring revenue of $100,000. With over 117 active nodes and more than 20 marketplace sellers showing interest in its oracle and data integration services, Gora's ecosystem shows promising growth.
Not limiting its goals to DeFi, Gora envisions reshaping sectors like supply chain, healthcare, and governance with blockchain technology. Gora also looks forward to providing developers and businesses with the necessary tools, educational materials, and community support, enabling secure and private access to data in DApps for increased transparency and trust.
In the forthcoming quarters, Gora's plans include launching the Gora.Fi DeFi platform and introducing Gora's ERC-20 token on Ethereum. The platform also aims to broaden its cross-chain capabilities to BSC and Arbitrum, with further expansions into the Cosmos and Solana ecosystems planned for the final quarter of 2024. To find out more about Gora, visit their website.
Published At
3/28/2024 4:00:00 PM
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