August 18, 2022 - 3 min read
SupraOracles is delighted to announce a partnership with ALTER, a decentralized communication platform that uses cryptography and privacy smart contracts from Secret Network. ALTER aims to offer the first private and safe alternative to data exchange and messaging apps by utilizing blockchain technology, an encryption protocol, and trustable infrastructure.
The ALTER product offers its users a simple means of conducting private communications as well as offering on-premises or cloud infrastructure for enterprises. Its intuitive user interface is compatible with more established Web2 communication platforms, including email services, chats, and later on: file management, payments, video conferences, calendar, newsletter, and pay-to-view.
ALTER can only be used to communicate with other ALTER users by utilizing their individual IDs, keeping all information encrypted and anonymized on ALTER’s nodes, and without disclosing any information to any party involved, including ALTER. ALTER utilizes asymmetric and double-ratchet encryption with the best practices from other privacy applications, which encrypts data using both public and private keys to ensure that users always have control over their data and are aware of who can view their messages.
The token $ALTER is the product native utility and governance token for ALTER, which supports their product’s expansion and continuous improvement. The $ALTER token is based on the SNIP-20 token standard from Secret Network, a wrapped token that is wrapped into a private and fungible equivalent using a “secret” smart contract from Secret Network.
Through this partnership, SupraOracles will provide oracle use cases to ALTER to make the platform use more effective. Additionally, SupraOracles will also provide the data feeds to ALTER about Stake-To-Access statistics, giving them valuable insights on capturing product traction by staking means.
Oskars Jepsis, CEO and Co-founder of ALTER, commented:
“SupraOracles has the best oracle services and use cases, which are needed for our Stake-To-Access utility. To make our messaging platform more effective, we need to capture how many stakers are possible to reach, and how many wallets are on every network, as well as understand how many of those are interacting with ALTER, which can be made possible by SupraOracles. So, we are also looking forward to this partnership for further enhancements.“
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“We all believe that maintaining one’s right to privacy is essential to upholding all other rights. Users will own their data on the platform that ALTER is building, and they will have complete visibility over and control over who gets access to it. We are happy to share this journey together on supporting their road to “Stake-To-Access” mass adoption.“
SupraOracles intends to bridge the gap between conventional finance markets and Web3. Our primary objective is to give a new oracle toolset to the developer community, enabling them to rapidly design, deploy, and manage data applications with improved performance, scalability, and resilience.
Our team consists of professionals in consensus mechanism design, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, Ph.D.-level academics, big four consulting firms, blockchain/DLT, and DeFi.
SupraOracles intends to address the oracle problem and ultimately power the future of finance in collaboration with our developer community and a growing number of partners.
ALTER is developing a scalable and private infrastructure layer to support Web3 communities and traditional enterprise adoption with the highest security and privacy standards. ALTER’s uniqueness is in the approach to how data is being secured with the private encryption keys that users own and utilization of Secret Network’s smart contracts for data integrity and verification in complete privacy.
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