AllianceBlock helps Crunchbase develop DeFi apps

As a provider of decentralized financial solutions, AllianceBlock has collaborated with the prospecting platform Crunchbase to make its data available to users of Data Tunnel.

This agreement would expand the accessibility of Crunchbase’s business data to blockchain corporations and developers, which will let them create applications such as default probability models, client acquisition profiles, and maps of untapped regions, amongst other things.

Information on investments and finance, founding members and key individuals, mergers and acquisitions, news, and industry trends are some of the topics covered in the material provided by Crunchbase.

The Data Tunnel functions as a platform for both conventional institutions and private individuals, both of whom need access to a variety of informational resources in order to make informed decisions about their holdings.

They are able to integrate, analyze, and share data without the need for a third party while using Data Tunnel. The AllianceBlock data tunnel was established as a public marketplace with standardized data in October 2022. This goal was accomplished by its creation.

AllianceBlock has announced that it will integrate with the forthcoming “Internet of Money” protocol Avalanche in 2021.

Users of Avalanche will now have access to AllianceBlock’s DeFi Investment Terminal, as well as its peer-to-peer financial services, nonfungible token capabilities, and Know Your Customer solutions as a result of the integration.

Ava Labs, the company that developed Avalanche, will also participate in the development effort as part of this agreement.

In the same year, AllianceBlock joined with Flare, a rival operating in the blockchain technology market, in order to facilitate blockchains’ access to real-world data during the execution of smart contracts.

Cross-chain bridges, decentralized exchanges, and oracle networks were some of the technologies that the two businesses wanted to deploy in order to better their individual blockchains through the use of a combination of a number of different technologies.