The companies will work together to create verified decentralised oracles to assist the fast-paced expansion of decentralised applications (dApps) and decentralised finances (DeFi).
The announcement comes ahead of a joint AMA with TRON founder and BitTorrent CEO Justin Sun and Band Protocol CEO and Co-Founder Sovaris Srinawakoon this Wednesday.
The AMA should start at 9:00 pm PT and will most likely see the executive talk about how TRON can usher in solutions to popular blockchain scalability issues.
Thanks to the popularity of the TRON solution, the ecosystem has experienced some slowdowns that the TRON Foundation now wants to resolve.
Meanwhile, TRON is also looking for ways to use TRC20 BAND token as a collateral asset in TRON DeFi dApps.
Band Protocol and the TRON Foundation are already working closely to complete the full integration of enterprise applications, DeFi solutions and games.
Thanks to the integration, developers will have ways to create “highly-secure dApps” that are scalable and come with no data limitations, an issue that has plagued the ecosystem for a while now.
Commenting on this partnership, Sun said:
“We are ecstatic to enhance TRON with the most valuable oracle product on the market. The future of blockchain technology is bright as we kick off a series of TRON DeFi partnerships to come.”
He was joined by his colleague from Band Protocol, with Srinawakoon adding:
“Working closely with the TRON team to support and bring secure, customisable, and decentralised oracle technology will power the next generation of scalable applications that fuel the next wave of blockchain adoption.”
Both companies are working to usher in a new generation of scalable TRON solutions. With online gaming proving to be of interest to TRX holders, scalability is important to the iGaming world as well.