Leading social trading platform HedgeTrade will be synching up with Bluzelle’s decentralized database network to deliver blockchain-interoperable trading tools and features to HedgeTrade’s growing consumer base.
By partnering with Bluzelle, HedgeTrade gains access to a decentralized solution for storing, managing and analyzing the data generated on its popular social trading platform. Additionally, utilizing Bluzelle’s network ensures that HedgeTrade’s database can scale as needed, has maximum uptime, and is highly secure.
As crypto trading platforms grow, they need to provide specific data tools that traditional trading platforms enjoy. At the same time, they must maintain a secure foundation for blockchain- and trade-related data. It’s not just about security, but also for analytics, gaining insight, and delivering a better user experience. An NoSQL database provides these capabilities to help platforms like HedgeTrade offer a cutting edge trader experience.
With a decentralized method of handling its data, the HedgeTrade team can better perform risk analysis, provide differentiating customer views, and manage market data.
HedgeTrade is a blockchain-driven social trading platform where the world’s best traders share their knowledge. Traders post predictions into a smart contract-powered Blueprint that users can purchase or unlock in order to access. Traders are rewarded if the Blueprint is correct, otherwise the user’s purchase is refunded.
“HedgeTrade is the first social trading platform where the interests of both professional traders and novices are aligned,” said CEO and Co-Founder of HedgeTrade, David Waslen. “All users have a method of hedging risk, a way to maximize profitability, and a trusted source of blockchain-verified trading information. With Bluzelle’s decentralized data storage, we’ll be able to provide our users with data security only achieved through decentralization, as well as a blockchain compatible database that is in step with our fast evolving crypto platform.”
Bluzelle is a decentralized data network that enables dapps and tokenized applications to manage data in a secure, tamper-proof, and highly scalable manner. Powered by Cosmos and its BFT technology Tendermint, Bluzelle is designed to be interoperable for decentralized applications on any blockchain. Bluzelle plays a critical role in the advancement and adoption of Web 3.0.
“Our decentralized database solution is perfectly suited to support growing crypto platforms,” said Pavel Bains, CEO and Co-Founder of Bluzelle. “With our globally distributed nodes that allow for mass scalability and a data network that connects to multiple blockchains, Bluzelle offers companies like HedgeTrade a decentralized data solution that goes beyond the internet as we know it. With Cloudflare recently down resulting in mass internet outages, it’s even more evident that decentralized solutions like Bluzelle represent the future of data security.”
HedgeTrade is brought to you by Rublix Development, a software development company that is building blockchain powered tools to fuel the next generation of fintech projects.