PAID Network Partners With BIFROST
We are thrilled to announce our newest partnership with innovative project Bifrost. Bifrost is the world’s first blockchain ‘middleware’ platform that allows developers to create DApps on top of multiple protocols.
Bifrost is not restricted to one single blockchain, it has the ability to create a new environment where developers can combine the best attributes of each protocol and create far more advanced solutions than has been achievable before.
It is creating a universal language for the fragmented blockchain ecosystem. Developers are able to use Bifrost to develop a substantially more flexible and scalable DApp by selecting the target blockchain. They will be able to operate their DApps easily whilst possessing the ability to switch the target blockchain as new and better protocols become available.
The utilization of the Bifrost Linker will provide the interoperability required to enable smart contracts to run smoothly ‘side-by-side’.
Upon the release of BiFi — Bifrost’s multichain DeFi platform — PAID will support Bifrost in the legal domain via PAID’s SMART Agreement DApp to facilitate business agreements with contacts in the crypto industry, B2B and internal use.
The application of smart contracts within the SMART Agreement DApp to provide attorney-free, easily accessible, quick dispute resolution solutions will allow BiFi users to save, lend and invest with complete peace of mind — ensuring BiFi is the most flexible, transparent and comprehensive DeFi platform in the crypto space.
Dohyun Pak, Bifrost CEO added about the partnership:
“We are very excited to partner with Paid Network in building a blockchain infrastructure for users. With Bifrost’s multichain technology and interoperability, Paid Network’s integration of Simple SMART Agreement will revolutionize the blockchain industry without doubts.”
Kyle Chasse, PAID Network CEO commented on the partnership:
“We are excited to partner with Bifrost as it will allow us to offer our SMART Agreements across multiple blockchain protocols. PAID’s goal is to truly disrupt the legacy legal system and in order to do so, we need our dApp accessible to as many people as possible. Bifrost’s multichain interoperability working with multiple chains will allow us to reach more users.”
Bifrost is a multichain middleware platform that enables developers to create Decentralized Apps (DApps) on top of multiple blockchain protocols. Therefore, Bifrost allows developers to create more scalable DApps by selecting blockchain protocols.
BiFi is the first DApp on top of Bifrost that uses Bifrost’s multichain technology. BiFi integrated BSC and Ethereum.
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.
PAID streamlines backend legal operations with SMART Agreements, so that projects can focus on making their brand bigger and better.
For any questions for the PAID network, please feel free to reach out to us on