Plume Network, a popular L1 blockchain for RWA tokenization, has partnered with Orochi Network, a prominent platform for data verifiability via cryptography and zero-knowledge proof. The partnership focuses on enhancing the scalability and security of the real-world assets. The platform revealed this collaboration on its official X account.
Plume Network Joins Forces with Orochi Network to Advance RWA Security and Compliance
The partnership between Plume Network and Orochi Network underscores a big move in enhancing RWA security as well as compliance. For this purpose, the collaboration utilizes the advanced zero-knowledge proof technology of Orochi. In addition to this, it also leverages the Plume Nexus of the Plume Network. It serves as a data highway on-chain, guaranteeing compliant, scalable, and secure transfers across the RWAfi sector. Hence, Plume endeavors to improve efficiency, security, and transparency in managing tokenized RWAs on-chain.
As included in this collaboration, Plume Network is going to integrate Orand and Orocle tools of Orochi. Oracle will operate as a confirmable data feed supplier for dApps, guaranteeing the flow of tamper-proof and reliable information. In the meantime, Orand intend to provide reliable randomness via Elliptic Curve Verifiable Random Function. It operates as a part of transparent and fair blockchain applications. Apart from that, Plume is also going to become the Orochi-based zkDA Layer’s early adopter. zkDA Layer denotes a ground-breaking development concerning decentralized data verification.
The integration of zkDA Layer will reportedly provide diverse benefits to Plume Network. One of them is an unparalleled access to unrestricted off-chain data. Along with that, this integration also delivers protected verification pathways to maintain transfer integrity. Moreover, another benefit is the provision of effective integration channels to facilitate zero-knowledge apps, smart contract entities, and dApps.
Unlocking New Opportunities by Boosting RWA Liquidity and Adoption
As per Plume Network, the collaboration with Orochi Network signifies a notable step to boost the RWAfi landscape’s liquidity and wider adoption. It pays a considerable attention to data security and integrity while maintaining the required scalability for broad-scale implementation. Both the collaborators are poised to unlock latest opportunities for the consumers. With the continuous evolution in the blockchain technology, inclusion of verifiable and secure data solutions plays the role of a driving force behind DeFi adoption.
