Fractal to Partner with CHARLI3 for Real-Time Price Data
We are proud to announce that CHARLI3, the first decentralized oracle network for the Cardano (ADA) network, will be collaborating with Fractal, the premier user-centric know your customer / anti-money laundering (KYC/AML) platform, to provide real-time on-chain price data for tokens in their wallet.
The trend towards KYC/AML requirements is increasing as pre-launch projects evolve towards higher jurisdictional compliance. Through enhanced privacy and data ownership, Fractal changes the way data is collected, stored, used, and monetized by participants of the virtual economy. This partnership between two keystone projects will also start weaving Fractal into the fabric of the Cardano network.
Both CHARLI3 and Fractal believe in putting the power back in the hands of investors. CHARLI3 aims to be the primary source of off-chain data retrieval for Fractal’s KYC process, enabled by the privacy metadata made possible only by ADA.
“Powered by Cardano, CHARLI3’s decentralized oracle network is unparalleled in its efficiency and unrivaled in its privacy-preserving features. We believe that this partnership with Fractal will herald the beginning of innovation between privacy-preserving off-chain oracles with KYC/AML platforms.” ~ CHARLI3 TEAM
CHARLI3 is the first decentralized oracle network for the Cardano network that interacts with resources outside of the blockchain. CHARLI3 is a powerful intermediary using smart contracts to interface with off-chain data in an efficient and decentralized manner. By being native to Cardano’s blockchain, it will have the lowest barrier to entry for functioning as the standard decentralized oracle of all Cardano-based projects. CHARLI3 is the clear choice for any project building on the Cardano blockchain.
Fractal is a Germany-based identification company built for compliance with global, regulated industries offering market-leading compliance products and services. Fractal was founded in 2017 to enable trusted relationships between people and organizations across borders and languages based on reliable and verifiable information, thus guaranteeing financial inclusion while maintaining compliance.
Fractal Protocol is an open-source, zero-margin protocol that defines a basic standard to exchange user information in a fair and open way, ensuring a high-quality version of the free internet. In its first version, it is designed to replace the ad cookie and give users back control over their data. Fractal aims to create a data commons that will enable fair competition with valued users and trusted creating a level playing field for content creators, publishers, and advertisers.