Sui Expands Real-World Reach with New Partners
Layer-1 blockchain Sui is rising its real-world person base in Asia. On Thursday, the corporate introduced two new strategic partnerships with corporations centered on real-world functions.
Human longevity protocol CUDIS said it should broaden its platform to the Sui blockchain to push for wider adoption. Also, South Korean table-ordering firm T’order introduced a strategic partnership with Sui. They will work collectively to commercialize a stablecoin-based fee infrastructure.
The Allure of Sui for a Health & Wellness Platform
The world digital healthcare market is projected to develop from $309.9 billion in 2023 to $509 billion by 2027. However, a number of challenges stay unresolved. These embrace the dearth of knowledge possession, poor system interoperability, and worth monopolization by intermediaries.
CUDIS is an all-in-one platform integrating wearable expertise, AI-based well being analytics, and blockchain knowledge administration. Its idea is to reward customers with cryptocurrency for wholesome behaviors. An “AI smart ring” tracks actions like exercising and enhancing sleep to attain this.
CUDIS, constructed initially on the Solana blockchain, determined to broaden primarily based on Sui’s capabilities as a Layer 1 blockchain and by contemplating the distinctive options of functions throughout the Sui ecosystem. The private well being knowledge collected by sensible rings is privacy-sensitive. That’s why functions like Walrus and Seal go well with safe dealing with of this info nicely.
CUDIS defined that the Sui Stack will improve the platform’s efficiency and performance. They decided that functions resembling Walrus and Seal are useful for the safe dealing with of this info.
The Sui Stack is a blockchain expertise stack that integrates core blockchain ecosystem features right into a unified structure. This consists of execution, consensus, storage, networking, person expertise (UX), developer instruments (DX), and Maximal Extractable Value (MEV) dealing with.
T’order and Stablecoin Payments
Sui additionally introduced its partnership with T’order, a South Korean table-ordering firm. T’order plans to make use of the Sui blockchain and a decentralized knowledge resolution known as Walrus.
The purpose is to handle transactions and buyer membership knowledge. It additionally plans to combine with a Korean Won-backed stablecoin that may quickly be launched on the Sui blockchain.
Christian Thompson, Managing Director of the Sui Foundation, said, “As stablecoin and cryptocurrency funds quickly grow to be mainstream, we’re on the forefront of this development.” He added that the Sui Foundation is happy to have modern associate T’order on this place.
Thompson stated that this integration would create alternatives in Korea’s $140 billion eating business and considerably improve the expertise for hundreds of thousands of Korean shoppers.
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