AllianceBlock, a supplier of end-to-end decentralized financial solutions, today announced a collaboration with Crunchbase, a prospecting tool that uses industry-leading proprietary data.
Crunchbase will enter the decentralized world with this agreement by making its vast collection of priceless data accessible to users of AllianceBlock’s Data Tunnel. Data Tunnel is intended to serve as the cornerstone of a worldwide, circular data economy that enables decentralized, intermediary-free information exchange, analysis, integration, and revenue-sharing between people and corporations. Above all, Data Tunnel is intended to be a cooperative and open ecosystem where all users are recognized for their contributions, whether they are providing data, enriching it, merging it with other information, or enhancing its quality.
More than 75 million dealmakers use Crunchbase to help them find, qualify, follow, and interact with the best opportunities. As a result, they can search less and complete more deals. It is anticipated that the addition of its deep business insights to AllianceBlock’s Data Tunnel would revolutionize the DeFi industry and speed up innovation. By doing this, blockchain companies and developers will have much easier access to Crunchbase’s insights. With the help of Crunchbase and the other Data Tunnel contributors, development teams may produce cutting-edge internal apps like maps of untapped markets, client acquisition profiles, default probability models, and more.
Rachid Ajaja, CEO and Co-founder of AllianceBlock, said, “The buying and selling of data is a multi-billion dollar growth industry that shows no signs of slowing down. However, until now, decentralized and centralized data providers and users have operated in siloes, unable to interact. There is significant demand for a means for decentralized and centralized actors to buy and sell data from one another seamlessly. With the addition of Crunchbase’s world-leading business data to the Data Tunnel, AllianceBlock is filling this demand and allowing the industry to realize its full potential while encouraging new actors to join the movement. This is a huge step for AllianceBlock that will have major ripple effects on the entire ecosystem of our solutions and partners.”
AllianceBlock and Crunchbase’s partnership exemplifies the distinct possibilities of the emerging, decentralized data-sharing sector. AllianceBlock’s Data Tunnel develops seamless entry points from conventional data sources into the DeFi industry, opening up new options for both audiences.
Source: https://thenewscrypto.com/allianceblock-and-crunchbase-collaborate-to-provide-defi-with-powerful-business-data/