Terminus, a prominent crypto exchange platform, has announced its latest partnership with Velmora, a popular blockchain-based financial solutions platform. The collaboration focuses on advancing the IoT integration as well as decentralized coordination. The platform provided the details of this joint effort in a recent X post.
Terminus and Velmora Join Forces to Bolster IoT Integration and Wider Decentralized Coordination
In its announcement, Terminus reveals that the collaboration with Velmora aims to revolutionize the broader decentralized coordination along with IoT integration. Terminus has become a well-known platform when it comes to bridging the Web3 and Web2 ecosystems via unparalleled point-of-sale crypto solutions. In addition to this, Terminus reportedly aligns with the innovative approach of Velmora to real-world data validation and trustless decentralized coordination.
Apart from that, Velmora offers a unique protocol named Proof of Physical Work. It strengthens physical devices like computing nodes and IoT hardware to execute tasks and get verifiable reputation in line with performance. The respective reputation mechanism boosts trust and transparency in settings where real-time and precise data is crucial.
Driving Merger Between Decentralized Finance and Real-World Data
According to Terminus, the mutual initiative denotes a new chapter in achieving its objective of enabling digital-physical integrations. This would ultimately bridge the real-world data as well as the decentralized finance. Keeping this in view, both the entities are merging their efficiencies to eliminate the barriers faced by the physical actions as well as the blockchain representations thereof.
