Elamachain and Hybrid Bank signed a formal, software supply agreement, thereby joining forces in building a robust and decentralized credit rating system for the blockchain community. According to the contract’s terms, Elamachain will provide Hybrid Bank with a customized version of its private blockchain technology (software), which the latter can use to develop proprietary solutions for its clientele.
In courtesy of this partnership, Hybrid Bank users will now be able to use the ELA Coin (ELAMA) for payments within the Hybrid Bank ecosystem. Implementing Elamachain’s AI-Blockchain hybrid software will empower Hybrid Bank by extracting greater value from the unstructured users’ data generated through interactions on the platform. In turn, this will facilitate a more seamless and intuitive experience for end-users, including exchanges, miners, and individuals.
During the period of the agreement, Elamachain shall be responsible for providing maintenance support to Hybrid Bank, while being responsible for upholding the white-label software’s performance, quality, stability, and security. Lastly, the partnership shall allow both companies to discover unprecedented avenues, especially with regard to building futuristic solutions for the global DeFi community.
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