June 9, 2022 3 minutes read
Partnership Announcement – Reef
Openfabric, a new ecosystem for building and connecting AI Apps is now seamlessly connected to Reef, a high-performance blockchain platform that not only facilitates the creation of dApps but also makes the whole process cost-effective and hassle-free.
Reef services will be available for dApp developers to use on the Openfabric platform. This will further facilitate developers in the creation of cutting-edge products and services based on AI and ML algorithms while also boosting the development of Web 3.0 products.
About Reef
Reef is a smart contract blockchain built using the Substrate framework. By building with Substrate, Reef Chain inherits many of its attributes, including high resilience to attacks, seamless interoperability with other Substrate and Polkadot Network projects, and the ability to support protocol upgrades without any blockchain forks. It also comes with on-chain governance.
Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their dApps from Ethereum without changing the codebase. Reef chain integrates the best aspects of the most commonly used blockchains while maintaining full smart contract compatibility.
By default, the Reef Chain has been designed to be self-upgradable. New features, security updates, and performance optimizations are instantly installed on Reef Chain through scheduled updates, without the need for any complicated blockchain forks.
You can learn more about Reef on their official website.
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What Does This Partnership Entail?
As a result of this partnership, Openfabric allows any AI app to directly connect with any blockchain application. Due to this integration, users of the Reef platform get a number of benefits like being able to conveniently query AI and ML algorithms. You can also deploy an AI app that can be easily accessed from any Reef dApp. This tutorial summarizes the steps and procedures that will allow you to get going within a matter of minutes.
Developers from any supported blockchain will be able to access the Openfabric platform using the Reef integration. This will enable them to create useful AI dApps for a variety of different use cases. It not only facilitates the creation of dApps but also makes the whole process cost-effective and hassle-free. The best thing is that these apps will not be limited to a single industry or use case. The possibilities are simply endless.
More About Openfabric
Openfabric’s mission is to introduce a powerful and exciting paradigm shift in the way people perceive the field of AI, by creating an ecosystem that sees innovation as its most valuable currency. It aims to provide a medium in which multiple types of participants from all kinds of backgrounds can bring their contributions to the table to achieve success and solve their most complex problems by incorporating the power of AI solutions.
In our quest to facilitate developers with the creation of cutting-edge products and services based on AI and ML algorithms, we partner with projects like Reef to provide dApp developers with new and interesting use cases. This way, the development of Web 3.0 products and services also receives a much-needed boost.
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