• DeFi data service provider, AllianceBlock has tapped a new partnership with Crunchbase.
• The partnership will solidify AllianceBlock’s data and financial service provisions to its Data Tunnel users.

Decentralized Financial service provider, AllianceBlock has inked a strategic partnership with Crunchbase, a firm known for providing business information about private and public companies. According to a Press Release shared with Crypto-News Flash, the partnership will see Crunchbase dip its feet into the crypto world by providing its high-end proprietary data for AllianceBlock’s Data Tunnel users.

The digital currency ecosystem is replete with a lot of on-chain data, however, to get good interoperability and to offer a divergent financial offering, there must be a conduit to access data from the mainstream business world. This among other notable insights is what Crunchbase will bring to help bolster the role of AllianceBlock in the evolution of the DeFi world.

The Data Tunnel solution from AllianceBlock is designed to help serve and power the circular economy where data, information, and revenue can be shared among stakeholders in a decentralized manner. Per its design features, Data Tunnel is a mutually beneficial information bank where all contributors are rewarded for their participation.

The tool remains the potential biggest beneficiary of the partnership with Crunchbase. Crunchbase has grown as a brand where business stakeholders get the right information they need to access the right opportunities. With a dedicated user base of more than 75 million dealmakers around the world, Crunchbase has exactly what AllianceBlock needs to go mainstream.

Solidifying the AllianceBlock DeFi Role

Data accessibility remains one of the most complicated resources to navigate in today’s Web3.0 ecosystem. AllianceBlock came to demystify this complexity by making the data bank as robust and as easily accessible as possible.

As a widely used data resource, AllianceBlock will learn from Crunchbase to bring traditional data sources into the DeFi sector.

“The buying and selling of data is a multi-billion dollar growth industry that shows no signs of slowing down. However, until now, decentralized and centralized data providers and users have operated in siloes, unable to interact,” said Rachid Ajaja, CEO and Co-founder of AllianceBlock.

Rachid Added;

“There is significant demand for a means for decentralized and centralized actors to buy and sell data from one another seamlessly. With the addition of Crunchbase’s world-leading business data to the Data Tunnel, AllianceBlock is filling this demand and allowing the industry to realize its full potential while encouraging new actors to join the movement. This is a huge step for AllianceBlock that will have major ripple effects on the entire ecosystem of our solutions and partners.”

According to the announcement from AllianceBlock, the new partnership will enable it to provide new opportunities for all of its users.