PAID network, the eDAPP leveraging from blockchain technology, and TomoChain, a blockchain company, took to their respective Twitter handles to announce their strategic alliance. PAID network mentioned that the partnership would lead to the development of a wrapped PAID token that would help users avoid gas fees altogether.
Whereas, the Twitter account of TomoChain mentioned the alliance would open new avenues because it will leverage from PAID network’s Smart agreement that will aim to resolve a myriad of issues like composing, signing, and managing legal contracts. It is a win-win deal for both non-blockchain users and other long-term customers.
PAID networks is excited to introduce the partnership as omoChain would now enable secure and quick transactions. It further explained that TomoChain’s technology would help gain scalability and exceptional customer experience.
The CBDO of TomoChain, Kyn Chaturvedi, is thrilled and plans to deliver the clutter-free interface to the users, not just limited to TomoChain but also PAID network’s customers too. The media blog further explains that the Ethereum network is generally jammed up and is highly-priced due to the higher gas prices. So the alliance to address this issue and allow the users of the PAID network to access the PAID Smart Agreements through seamless and intuitive functions of contracting and still manage to avoid the higher price.
The report states that the strategic partnership will officially take shape around mid-January when a full MVP product is introduced to the public. Surprisingly, this will be the first agreement to be developed using the brand new PAID MVP Protocol; Partners will be planning to come together to sign Mutual Non-disclosure agreements (MNDAS).