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Home Blockchain

SORAMITSU’s Partnership with Klaytn Foundation: A Successful Journey towards Building Decentralized Exchange Backbone

by Dan K
Apr 6, 2023 - 12:00 am
in Blockchain
SORAMITSU and Klaytn Foundation logos side by side

SORAMITSU, a leading blockchain software development company, recently announced the successful conclusion of the development of an open-source decentralized exchange backbone for the Klaytn network. The project was completed in collaboration with the Klaytn Foundation and the Klaytn Governance Council, who provided unparalleled support and attention throughout the development process.

SORAMITSU as a Trusted Technology Partner

One of the biggest challenges faced by community-run treasuries is finding trusted technology providers who are committed to fulfilling deadlines and delivering quality work. SORAMITSU earned the trust of the Klaytn Foundation and the community through hard work and dedication, meeting all the deadlines set during the proposal phases of the project and submitting reports for community scrutiny. This achievement, coupled with the value alignment between SORAMITSU and Klaytn, made for a successful project and helped build trust with the community, which is crucial in the current environment.

Working with the Best in the Ecosystem

The Klaytn ecosystem is well-positioned and works with the best technology providers across the board. SORAMITSU is proud to be included in this list, and the collaboration with other world-class companies helped ensure that everything built was up to the network’s standards and, most importantly, safe enough to support the staggering amount of transactions made on a daily basis. Working with a Klaytn ecosystem auditor such as Quantstamp helped SORAMITSU appreciate the dedication to community safety that is constantly worked toward achieving.

A Commitment to Decentralization and Open-Source Development

At SORAMITSU, the development of blockchain software is based on the values of decentralization and with the purpose of leaving a positive impact on humanity. With over a hundred years of experience in the areas of blockchain, finance, economics, and design, the company pioneers technologies that foster inclusivity, promote innovation and improve people’s quality of life. Working with the Klaytn network, which is oriented toward the principles of decentralization and open-source development, was a great experience that helped SORAMITSU advance in its mission.

Conclusion

The successful partnership between SORAMITSU and the Klaytn Foundation is a testament to the power of collaboration in the blockchain ecosystem. The Klaytn community rallied around the development of the decentralized exchange backbone, and the support and feedback provided helped shape the final product. SORAMITSU’s commitment to meeting deadlines and delivering quality work, combined with the Klaytn Foundation’s attention and support, made for a successful project that will benefit the entire community. Moving forward, SORAMITSU remains committed to advancing the merits and benefits of decentralized technologies, and we look forward to future developments in collaboration with the Klaytn Foundation.

Tags: Blockchain
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

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