Band Protocol x Coreum: Simplifying Tokenization of Interchain RWAs on Cosmos Ecosystem

Band Protocol is thrilled to integrate with Coreum to bridge RWA and Enterprise Use Cases to the Cosmos Ecosystem. This integration enhances the accessibility and utility of the Band Oracle across the Cosmos ecosystem, providing a straightforward and efficient solution for developers through the CW-Band. This article highlights how this integration brings forth the vision of Coreum to bridge enterprises and RWAs to Cosmos space and the simplicity and effectiveness of using CW-Band on Coreum, serving as a testament to our ongoing efforts to offer plug-and-go tools that enrich the developer experience.

Coreum: Bringing Enterprises and RWAs to Cosmos Ecosystem

Coreum simplifies the tokenization of Real World Assets (RWAs), providing a solution that is easily accessible to enterprises. By adhering to the ISO20022 standard, the global language for financial data, Coreum sets itself apart from other public blockchains by enabling seamless communication between different financial systems. This compliance facilitates faster transaction processing and minimizes errors in financial transactions, bringing the new standard to the Cosmos ecosystem. Specializing in smart contract functionalities through its Smart Tokens, Coreum is positioned as an ideal partner for businesses seeking to issue digital assets, create stablecoins, tokenize traditional assets, support Central Bank Digital Currencies (CBDCs), Non-Fungible Tokens (NFTs), and institution-class dApps. With Band Protocol as its main oracle provider, Coreum relies on this integration for the essential data Smart Tokens need, underscoring its ambition to become a foundational ecosystem for enterprises and the future of digital finance.

Coreum establishes a secure and scalable foundation for tokenizing various assets within the enterprise realm. Thus, real-world data is crucial to unlock the tokenized assets’ potential. This is where CW-Band comes into play.

CW-Band: The De-Facto Oracle Solution for Cosmos-Powered AppChains

CW-Band is a library designed for CosmWasm smart contracts to interact with BandChain. CW-Band acts as a bridge between smart contracts built on CosmWasm and BandChain's Oracle services. This allows smart contracts to securely access real-world data feeds like market prices, exchange rates, or other external information.

Here are some key points about CW-Band on Coreum:

• Facilitates Data Integration: It enables standardized data types for requesting and receiving data from BandChain to Coreum, streamlining the data integration process.
• Simplifies Development: CW-Band allows developers on Coreum to effortlessly integrate BandChain's Oracle functionalities into their CosmWasm smart contracts, enhancing their development experiences.
• Supports Various Data Types: CW-Band is versatile and capable of handling a range of requests, including but not limited to real-time prices and exchange rates.

In essence, CW-Band significantly simplifies the process for Coreum’s developers to build decentralized applications (dApps) on CosmWasm that require access to reliable and secure real-world data provided by BandChain.

More Details about CW-Band: “Introducing CW-Band: Seamlessly Integrate BandChain's Oracle Data into CosmWasm Smart Contracts”

Empowering Coreum with Band Protocol: Advancing DeFi, Real-World Assets, and Cross-Chain Capabilities

Integrating Band Protocol's Price Feeds via CW-Band significantly boosts Coreum's functionality, especially in DeFi and smart contract realms, by providing secure and efficient access to real-world data. This enhances the reliability and timeliness of off-chain data for Coreum's smart contracts, addressing challenges of data reliability and mitigating risks of manipulation and failure points. As a result, it expands Coreum's capacity for developing advanced applications, fostering innovation, and improving utility and security. Key contributions of CW-Band include:

• Interoperability: Enables efficient interactions with other IBC-integrated blockchains.
• Real-Time Data Oracles: Bridges dApps to timely and accurate external data.
• Data Verification and Security: Ensures data authenticity and security through cryptographic proofs.
• Scalability Solutions: Improves Coreum's scalability with data optimization techniques.
• Standardized Data Protocols: Simplifies the integration of new data providers and services.

This integration opens up exciting opportunities for Coreum, including Real World Asset (RWA) projects and betting & sports platforms, by enabling access to real-time data on tokenized assets and market information. Such capabilities are crucial for Coreum's aim to attract users from the traditional financial sector by enhancing the accessibility and liquidity of tokenized RWAs.

“ CW-Band could help us connect with some of our enterprise customers, and potentially help us engage and build out more RWA. Fetching real time real estate prices and market details, in addition to helping the projects we are working with scale.” — Coreum Team

Furthermore, Band Protocol's flexibility in aggregating a wide range of information, coupled with its Verifiable Random Function (VRF), broadens the potential for innovative gaming, betting, and sports applications. This expansion not only diversifies the Coreum ecosystem but also invites broader gaming and entertainment segments to explore innovations on Web3.

Expanding Coreum's Horizons: Roadmap and Enhancements Ahead!

The integration of CW-Band into Coreum serves as a testament to the streamlined onboarding process for developers across Cosmos and CosmWasm Smart-Contract-supported chains, contributing significantly to the development of infrastructure, interoperability, and growth of Coreum. Looking ahead, our roadmap teems with promising developments for both Coreum and Band Protocol, aimed at enriching our integration and expanding our capabilities.

With Coreum, we are set on:

• Broadening the scope of use cases and optimizing price feeds within the Coreum ecosystem
• Expanding the variety of available price feeds data
• Customizing services for specific data queries to foster new applications
• Leveraging Band VRF and its ability to aggregate off-chain data

We are thrilled to empower the Coreum community with reliable and timely data, further advancing the capabilities and reach of decentralized applications within the Cosmos ecosystem. These initiatives underscore our ongoing commitment to improving blockchain interoperability, enhancing developer experiences, and driving broader adoption of our services. Stay tuned for more updates, as we work on the forthcoming Band v3 to make Band Protocol even more secure and easier to integrate across different ecosystems.

About Coreum

Coreum, the world’s first Superledger. A 3rd-generation, layer-1 blockchain architected for enterprises of any size, from startups to large corporations. Providing a remarkable transactional speed of up to 7,000 TPS and ISO20022 compliance ensures expedient and economical transactions across a swift and secure PoS network. As an Enterprise Graded Blockchain (EGB), Coreum introduces a new layer of programmability with ‘Smart Tokens’, enabling robust use cases through WASM-based smart contracts, including tokenized RWA’s and Neobanking applications. Coreum is poised to bridge the XRP Ledger and Cosmos ecosystem, opening new avenues for tokenized RWAs and unlocking vast possibilities for blockchain-driven innovation.*

More about Coreum: Website | X | Telegram | Discord | Youtube

About Band Protocol

Band Protocol is a cross-chain data Oracle platform with the aspiration to build high-quality suites of web3 development products. The flagship Oracle solution aggregates and connects real-world data and APIs to smart contracts, enabling smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized Oracle.

More about Band Protocol: https://linktr.ee/bandprotocol