Quai Network, a new Layer 1 with the first decentralized energy dollar on the only scalable and programmable proof-of-work blockchain, is excited to announce a new strategic partnership with Stork, a leader in decentralized oracle solutions. This collaboration will focus on integrating Stork’s oracle services into Quai Network’s infrastructure, with a particular emphasis on sourcing real-time commodity price feeds, such as regional energy prices, to support Quai’s innovative decentralized energy dollar.
As part of this partnership, Stork will provide crucial data services to support Quai’s vision of creating a blockchain ecosystem more connected to real-world economic indicators. The ability to source and integrate real-time price feeds from Stork, such as energy and other commodities, aligns with Quai’s mission to offer stable and reliable blockchain solutions that mirror real-world value.
“Our partnership with Stork signifies a scalable mechanism to make data available to Quai Network. By maintaining on/off chain infrastructure, Stork provides real-time updates across a wide range of assets,” said Alan Orwick, co-founder of Quai Network. “We’re particularly excited about the oraclization of commodity indices in order to expand the RWA and DePIN use cases on Quai.”
Stork sources its data through a variety of methods, including partnerships with top-tier trading firms and third-party aggregators, ensuring the highest quality and accuracy of the information provided. This collaboration between Quai and Stork will unlock new possibilities for decentralized finance, offering users more reliable and real-world data within the Quai Network ecosystem.
Cedo, Growth from Stork added, “Partnering with Quai allows us to showcase the flexibility and reliability of Stork’s data solutions in delivering real-time price feeds. This collaboration underscores our commitment to bridging onchain applications with high-quality, real-world data, and we’re thrilled to support Quai’s vision of creating a truly decentralized ecosystem that connects to tangible economics.”
This partnership represents another step in Quai Network’s mission to drive blockchain adoption and innovation, further connecting decentralized systems with real-world assets and value. With Stork’s extensive oracle solutions, Quai Network aims to offer groundbreaking tools and services that will benefit developers, users, and enterprises alike.
For more information on Quai Network and its partnership with Stork, please visit Quai Network’s website or Stork website.
About Quai Network
Quai is crypto that connects reliable, real world value to the compute economy on the world’s only scalable Proof-of-Work smart contract network. Founded in 2022, Quai’s innovative two-token system and execution sharding capabilities pave the way for infinite scalability and accessibility in the Web3 ecosystem.
About Stork
Stork is building The Open Data Market, featuring The Stork For Real Time as its flagship Composite Oracle Service (COS). This COS provides high-performance access to thousands of crypto price feeds with sub-millisecond latency, and 250ms updates via a decentralized publisher network. The Open Data Market allows developers to connect directly with data publishers or create custom, reliable, and scalable COSs to meet their specific needs — removing middlemen and expanding data access.