Space and Time Joins Chainlink BUILD Program to Jumpstart Adoption of Enterprise-Grade Web3 Analytics
We’re excited to announce that Space and Time — a decentralized data warehouse to power Web3 — is officially joining the Chainlink BUILD Program. BUILD aims to empower Space and Time to accelerate the development and adoption of enterprise-grade Web3 analytics with enhanced support from Chainlink while we provide network fees and other benefits to the Chainlink ecosystem.
Our participation in BUILD accelerates innovation of Space and Time protocols by providing us with the resources to leverage an advanced oracle solution that enables validation of query results with the Space and Time data warehouse. Furthermore, BUILD enables us to work with industry experts and grow our community of dApp developers seeking to deliver more sophisticated smart contracts.
The community support and technical partnership of Chainlink BUILD will be integral to realizing the Space and Time vision of connecting analytics against tamperproof on-chain and off-chain data directly to smart contracts with familiar tools.
The Space and Time Decentralized Data Warehouse
Space and Time is a decentralized data warehouse that merges blockchain data with a next-gen database to power low-latency queries and tamperproof analytics across Web3. By doing so, we unlock a wide variety of big data applications for the trust-minimized Web.
We are developing a novel cryptographic protocol called Proof of SQL, which provides trustless validation that query execution was done accurately and that neither the data nor the computation has been tampered with. Proof of SQL will allow dApps to generate analytical insights in a secure, cost-efficient and trustless manner and will empower smart contracts to directly load on-chain and off-chain data with cryptographic guarantees. Space and Time’s database processes the requested data off-chain and then transmits it to be verified by a validation layer. The validated data is then sent back on-chain where the smart contract that requested the data receives the results. The Proof of SQL model ensures that any evidence of tampering with the query results is shown to users, preventing malicious actors from manipulating the analytics.
Why We Joined Chainlink BUILD
Space and Time joined BUILD to accelerate the adoption of data services in Web3 by leveraging the benefits of Chainlink’s data infrastructure and community reach. As part of BUILD, we receive enhanced technical support for validating cryptographic Proof of SQL executions and relaying the query results on-chain to smart contracts. These resources will improve the security and reliability of the Space and Time data warehouse, increasing its attractiveness as a data solution for Web3 developers.
The program also enables Space and Time to deliver expanded smart contract use cases so Chainlink users can automate the business logic of their dApps with greater data volume and complexity.
As part of our commitment to the BUILD program, Space and Time aims to make available economic incentives to service providers in the Chainlink ecosystem. This includes planning to allot 4% of Space and Time’s future token supply to reward Chainlink service providers, including Chainlink stakers, over time. These economic incentives enable Space and Time to fully realize the benefits the Chainlink ecosystem has to offer.
“Space and Time is thrilled to join Chainlink BUILD, which will enable the development of a highly secure and reliable oracle solution for validating queries made in our Web3-native decentralized data warehouse. We look forward to continuing our collaboration with the Chainlink ecosystem and contributing to the future of an Internet powered by trust-minimized applications.” – Nate Holiday, Co-Founder and CEO of Space and Time.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
About Space and Time
Space and Time is the first Web3-native decentralized data warehouse that connects on-chain and off-chain data to deliver broad, enterprise-grade use cases to smart contract applications. Developed as part of Chainlink Labs’ Startup with Chainlink initiative, the platform gives users and developers the ability to connect analytics directly to smart contracts through novel Proof of SQL cryptography, opening up a whole new set of use cases and business logic for smart contracts. Space and Time is built from the ground up as a multichain data platform for Wev3 developers in DeFi and Web3 gaming, or any project needing next-gen analytics.