Smartlink Joins Hands with Research Center CEA to Develop a Web3 Escrow Solution
Smartlink, a company that is developing a sustainable ecosystem of decentralized and scalable apps on top of the Tezos network, has just announced that it has teamed up with the French Alternative Energies and Atomic Energy Commission (CEA), a government-funded research organization focused on energy, defense and security.
The CEA, which has previously cooperated with multiple well-known companies, including Engie, Vinci technologies, Alstom and Tezos’ Tenderbake, will work together with the CEA. Thanks to this cooperation, Smartlink will split work on the escrow module into two categories: digital and physical assets. It is worth taking into account that each category has its own set of utility and functionality which needs to be developed and supported.
The association between both projects will help leverage blockchain tech to build a broader decentralized finance ecosystem excelling in security, performance, and profitability.
The CEA CEO & Co-Founder Ben Constanty has said on the association:
“We’re developing a solution that bridges the current trust deficit in retail and commercial transactions using smart contracts, which is a huge undertaking. Having a partner like the CEA at our side provides us with industry expertise and experience to foresee all the potential approaches and challenges we need to address through our escrow solution.”