Accelchain secures futures grant for Polkadot dApp improvement

starcrypto – Generative AI DevOps and safety cloud specialist, Accelchain, has obtained a Decentralized Futures Grant to additional develop its platform for decentralized purposes (dApps) inside the ecosystem.

The grant will assist the combination of Accelchain’s platform with Substrate, a framework used for constructing decentralized purposes in Polkadot. The method permits builders to create and deploy Substrate-based dApps with out writing code, Accelchain mentioned in an announcement.

Accelchain plans to broaden its neighborhood by concentrating on builders and enterprise companions. The corporate has shaped partnerships with node suppliers like Google (NASDAQ:) Cloud and is operating developer acquisition applications at universities and DAOs.

Accelchain, which launched its no-code platform in October 2023, at the moment has round 2,000 builders utilizing its platform and expects that quantity to develop to twenty,000 by the tip of 2024. The platform makes use of Giant Language Fashions (LLMs) to generate dApps based mostly on consumer necessities, validate enterprise logic, and safe purposes throughout runtime.

The corporate additionally famous that the platform’s AI mannequin can detect and block malicious transactions in real-time. This function protects Web3 purposes from exploits resembling front-running and sandwich assaults.

Based by Krishna Srinivasan and Ram Shanmugam, Accelchain has laid out a roadmap specializing in reaching Polkadot compatibility and increasing its developer neighborhood by means of workshops and hackathons, the assertion added.

Srinivasan and Shanmugam beforehand co-founded AutonomIQ, a generative AI software program testing platform acquired by Sauce Labs. The Accelchain workforce additionally contains former staff of Google and ServiceNow (NYSE:).

The Web3 Basis is providing a ten million DOT prize pool, price round $65 million, to again the rollout of the Be a part of-Accumulate Machine (JAM) improve within the Polkadot ecosystem. This initiative builds a decentralized community that may deal with numerous computational duties inside the ecosystem. 

To take part, entrants should meet sure standards, resembling importing and producing blocks, assembly efficiency benchmarks on Kusama and Polkadot, and passing safety checks.