Blockchain Foundry and Matic Network Establish Partnership to Research Blockchain Interoperability

By AIT News Desk On Jul 29, 2020

Blockchain Foundry Inc., a leading North American blockchain development firm, is pleased to announce that it is partnering with Matic Network to explore interoperability between the Syscoin and Matic networks.

Matic and BCF’s Syscoin Ethereum bridge both provide scalability for the Ethereum network but approach it in different ways; Matic via sidechains and BCF via the trustless Syscoin Ethereum bridge which allows for scalable transactions. The two projects are complementary, and as partners, Blockchain Foundry and Matic will collaborate on research initiatives, joint ventures, and marketing and business development focused initiatives.

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“Scalability solutions each have their own approaches and advantages; collaboration is the key to the long-term success of the blockchain industry. By combining the scalability advantages of Matic Network and Syscoin, together we will be able to usher in a new era of true scalability for Ethereum-based DApps. We at Matic Network look forward to working with Syscoin to provide the infrastructure to enable the global Ethereum ecosystem to flourish and thrive,” said Sandeep Nailwal, COO of Matic Network.

“With this partnership, we are tackling blockchain scalability through two complementary strategies. Matic Network provides a solution to the increasing congestion on the Ethereum mainchain. With our recently launched trustless Syscoin bridge to Ethereum, ERC20 tokens can hop over to Syscoin and benefit from its already scalable network for payments. The combination of all three networks (Syscoin, Ethereum & Matic) provides a powerhouse blockchain solution that developers can trust to fully scale their project,” said Dan Wasyluk, CEO of BCF.