Stratis Launches $10 Million Development Initiative

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Stratis, the veteran Blockchain-as-a-Service (BaaS) company, is inviting the dApp builders community to submit their projects to the Stratis Decentralized Accelerator (SDA) that currently holds $10 million.

This $10 million will be used to support dApp builders, and bring the vision of talented devs into reality. There are lots of existing assets in the Stratis development space, and this funding will help to create even more incentives for developers.

InterFlux is an interoperability framework that makes Stratis fully compatible with assets on both Ethereum and Hyperledger Fabric. As some of the most popular architectures in the blockchain space, this level of compatibility helps dApp development on Stratis.

In addition, InterFlux permits developers to create contracts with the .NET Core framework, developed by Microsoft. With so much interoperability, it isn’t difficult to see how Stratis is growing in a competitive marketplace.

Stratis Supports Devs

The doors are wide open for development on Stratis. For devs that want to use the platform, and gain the support of the SDA, they can submit a proposal that will be looked at by the InterFlux Decentralized Governance Board (IDGB), a decentralized governance organization.

Validating Masternodes who keep the InterFlux sidechain environment working, along with block producers comprise the IDGB. The group is totally permissionless and is open to any entity that commits the proper resources to the group.

The IDGB has $10 mil USD at its disposal to support projects, and there is no cap on how much could be delegated to a single project. The SDA is a community-governed pool whose sole purpose is to improve the community by helping talented people make their ideas a reality.

According to a Press Release from Stratis,

“To submit the proposal, developers must simply join the IDGB Discord channel and present their idea. The community will then deliberate on the proposal in a fully decentralized and transparent manner. Though there are no strict requirements, prospective applicants should have a well-defined concept for what they are going to build. This can be shown by including a whitepaper detailing the product and/or service, a functioning website, a requested funding amount and a video presentation. There are no hard limits to the funding amount requested, as the process is directed by the community.”

This makes the initiative attractive not only to smaller dApp projects but larger ones that could take advantage of both a supportive development environment and funding to go along with the support of the community.

New Opportunities for Growth

Stratis has created a platform that offers high levels of security, performance, and reliable operation, and also loads of integrations with existing industry-standard products – such as Microsoft Focus.

Chris Trew, the CEO and Founder of Stratis, commented,

“The launch of our SDA is an iconic milestone for Stratis – I am excited to witness the Stratis Development Community grow, in turn creating an uptake in genuine and practical blockchain use-cases built using Stratis Blockchain Technologies…I am ecstatic to see our technology bring blockchain benefits to new and innovative projects and established businesses that aspire to stay ahead of their competition.”

Stratis also features tools like Stratis Identity, which makes AML and KYC compliance much easier for devs that need a decentralized solution for clearing regulatory hurdles.

The recent launch of the $10 million initiative to support development with the SDA will only serve to strengthen an already powerful development environment in the Stratis community.

If you want to learn more about Stratis and keep up on developments, you can visit its website by clicking here. This new initiative is sure to lead to some great new dApps, so keep an eye on how Stratis is giving new ideas life on the blockchain.

The post Stratis Launches $10 Million Development Initiative appeared first on Blockonomi.

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