Accelchain Receives Decentralized Futures Grant for Developing Substrate-based dApps in Polkadot Ecosystem
Accelchain, a leading generative AI DevOps and security cloud specialist, has been awarded a Decentralized Futures Grant to enhance its platform for decentralized applications (dApps) within the Polkadot ecosystem. This grant will facilitate the integration of Accelchain's platform with Substrate, enabling developers to build and deploy dApps without writing code.
The company aims to expand its community by engaging developers and enterprise partners, with partnerships already established with node providers like Google Cloud. Accelchain's no-code platform, launched in October 2023, currently has 2,000 developers using it, with projections to reach 20,000 by the end of 2024.
Utilizing Large Language Models (LLMs), Accelchain's platform generates dApps based on user requirements, validates business logic, and ensures application security at runtime. Additionally, the platform's AI model can identify and prevent malicious transactions in real-time, safeguarding Web3 applications from potential exploits.
Founded by Krishna Srinivasan and Ram Shanmugam, Accelchain is focusing on achieving Polkadot compatibility and expanding its developer community through workshops and hackathons. The company's team includes former employees of Google and ServiceNow, ensuring a wealth of expertise in the field.
The Web3 Foundation is offering a 10 million DOT prize pool to support the rollout of the Join-Accumulate Machine (JAM) upgrade in the Polkadot ecosystem. This initiative aims to establish a decentralized network capable of handling various computational tasks within the ecosystem, presenting exciting opportunities for developers and participants.
In summary, Accelchain's innovative platform and partnerships within the Polkadot ecosystem signify a significant advancement in decentralized application development. With the potential for increased developer engagement and enhanced security measures, this development could have far-reaching implications for the future of decentralized finance and blockchain technology.