In a move that is set to enhance the availability of decentralized business data, AllianceBlock has partnered with Crunchbase to make its data available to users of the AllianceBlock Data Tunnel. The partnership will enable blockchain businesses and developers to create a range of applications, including default probability models, customer acquisition profiles, and maps of untapped markets, using Crunchbase’s investment and funding information, industry trends, and news data.
The Data Tunnel is a platform that serves both conventional institutions and individuals who typically rely on multiple sources of information to make well-informed decisions about their assets. By allowing users to share, study, and combine information without intermediaries, the Data Tunnel offers a decentralized solution to data sharing and management.
AllianceBlock launched the Data Tunnel in October 2022 as a public marketplace for standardized data. The platform aims to democratize data access and provide a one-stop-shop for data needs across a range of industries.
In 2021, AllianceBlock announced its integration with Avalanche, an up-and-coming “Internet of Finance” protocol. The integration allows users to access AllianceBlock’s DeFi Investment Terminal, peer-to-peer financial services, non-fungible token capabilities, and Know Your Customer solutions directly on Avalanche. The partnership also includes development work with Ava Labs, the developers behind Avalanche.
Furthermore, in the same year, AllianceBlock teamed up with Flare, a fellow blockchain tech entity that seeks to enable blockchains to access real-world data in smart contract execution. The two companies aimed to improve their blockchains with each other’s technology, from cross-chain bridges to decentralized exchanges to oracle networks.
Overall, the partnership between AllianceBlock and Crunchbase will provide a wealth of business data to blockchain businesses and developers, further enhancing the capabilities of decentralized finance solutions. The AllianceBlock Data Tunnel’s public marketplace for standardized data will continue to drive the democratization of data access and sharing, paving the way for new innovations and applications in a range of industries.
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