Cere Network
Cere Network is a blockchain platform that decentralizes data cloud services and provides scalable, secure business infrastructure. It aims to bridge enterprise needs with blockchain technology by offering decentralized data storage, secure data exchanges, and interoperability with other networks. [1]
Overview
Cere is a Decentralized Data Cloud (DDC) platform backed by Binance Labs, offering cross-chain compatibility with networks like Binance Smart Chain, Polkadot, Cosmos, and Ethereum. It focuses on bridging enterprise companies with decentralized ecosystems by improving collaboration, data agility, integration, privacy, and user ownership. Part of a consortium with projects like Polkadot and Cosmos, Cere promotes cross-chain interoperability to create a scalable decentralized ecosystem for enterprises, enabling businesses to integrate their existing applications with real-time data and analytics. [2][3]
Cere’s Layer-1 blockchain connects enterprise chains with decentralized public networks, supporting consumer enterprise services focusing on full decentralization. Cere streamlines complex processes like payments, wallet onboarding, and transaction fees by merging SaaS practices with blockchain technology through user-friendly APIs and SDKs. Its goal is to drive large-scale enterprise adoption of decentralized networks. [2][3]
Features
Blockchain Consensus
Cere adopts an approach aligned with the interoperability ideals of projects like Polkadot and Cosmos. It aims for a future where interconnected blockchain networks are prioritized over a single dominant chain. Cere focuses on addressing enterprise needs such as privacy, scalability, and usability while also working towards compatibility with decentralized networks for enhanced interoperability. [2][12]
Cere uses a fast Byzantine Fault Tolerant (BFT) consensus framework, compatible with Polkadot and Cosmos, and incorporates WebAssembly (WASM)-based smart contracts, allowing support for languages like Rust and Solidity. By leveraging Substrate’s functionalities, Cere enables flexible and customizable state transitions between blockchains. The network’s Proof-of-Stake BFT algorithm will produce and finalize blocks, with long-term CERE token stakers receiving block rewards. Cere's integration with Substrate provides access to its extensive tools and modules for common blockchain features adaptable to enterprise requirements. [2][12]
Decentralized Data Cloud (DDC)
The Cere Decentralized Data Cloud (DDC) allows stakeholders to fully control their data, determining how and by whom it is used. The Cere Core Network blockchain facilitates seamless customer onboarding, utilizing identity abstraction technology to ensure data privacy. Users are easily integrated into the ecosystem through automatically created cryptographic wallets, enabling brands to explore customer data management (CDM) and customer data platforms (CDP) use cases. This setup supports efficient value transfer, enhanced user experiences, and business development within a trustless and compliant environment. The platform also offers opportunities for managing digital assets such as coupons, vouchers, and loyalty points across various industries, including travel, gaming, and retail. [2][4]
Decentralized Data Clusters
Cere's Decentralized Data Clusters (DDCs) are automated data marketplaces governed by smart contracts. These clusters are tailored to meet the needs of specific industries and regions, with node providers contributing idle resources to support data storage and processing. Data is actively used for various applications, including game sessions, AI interactions, and integration of decentralized apps (dApps). This system efficiently balances supply and demand within the Cere ecosystem. [4]
Unlike centralized systems that offer generic solutions, DDC Clusters are designed for flexibility, allowing industry and region-specific customization. By utilizing underutilized resources from machines, Cere enhances economic efficiency and promotes cost savings. The decentralized structure of DDC Clusters enhances security and privacy by reducing single points of failure, with data being encrypted and anonymized. Cere’s open ecosystem encourages innovation and collaboration, free from the limitations of proprietary systems. It ensures that users are not locked into a single service provider, granting more control over data management. [4]
SaaS-DeFi
The financialization of enterprise B2B assets and liabilities within Decentralized Finance (DeFi) is seen as a logical progression following the retail sector's expansion, which is nearing its limits. By connecting corporate cash flow and assets already onboarded to the Cere SaaS platform with the DeFi ecosystem, Cere's SaaS-DeFi initiative allows enterprises to more effectively use sidelined capital, optimize financial operations, and create seamless payment experiences, leveraging DeFi's liquidity. Cere's SaaS-DeFi bridge facilitates enterprise adoption of new financial instruments, enabling use cases such as enterprise SaaS marketplaces, vendor collaborations, leveraging accounts receivables, direct business or consumer payments, rewards staking, asset conversion via DEX/bridges, and lending/borrowing within the DeFi space. [2][5]
Products
Dragon1
Dragon1 is a Web3 data cloud cluster powered by a fully decentralized blockchain protocol that offers an alternative to traditional big-tech cloud services. In public beta, it provides developers with tools for decentralized content streaming and privacy-focused data solutions. Dragon1 introduces an open governance model, allowing $CERE token holders to vote on decentralized data cluster operations, making it more decentralized than comparable platforms like Filecoin. Dragon1's architecture is optimized for edge computing, improving real-time data processing, reducing latency, and offering AI-ready infrastructure. It outperforms centralized cloud services in performance, as seen in load testing, where Dragon1 showed significantly lower latency than major providers like Google and Amazon CloudFront. The platform also emphasizes simplifying Web3 developer onboarding through intuitive SDKs, making it easier for developers to integrate applications such as media streaming and AI tools. Cere aims to address data privacy and secure computing needs, especially in AI, by building end-to-end edge data computing solutions. [6]
Cere AI
Cere AI is designed for real-world applications beyond typical chatbots and customer service tools. Integrated into systems like the Real-time Experience Builder (RXB), Cere AI can provide predictive solutions, such as mitigating traffic congestion before it happens. It delivers personalized recommendations and insights based on user preferences and data while preserving privacy. Cere AI enables multiple AI agents to collaborate on the same data in real-time, enhancing their collective capabilities. For example, AI agents can analyze a video file together, extracting insights like counting people and cars without compromising data security. [7]
Cere Wallet
The Cere Wallet is a key component of the Cere ecosystem, allowing users to interact with the Decentralized Data Network (DDN) and Mainnet Blockchain. It supports the management of NFTs and crypto assets and integrates with Freeport NFT experiences, marketplaces, and the Cere Blockchain. The wallet lets users control their content independently of specific devices or platforms. It also integrates with Cere Identity to enhance interactions with third-party applications, while its connection to the Cere Decentralized Data Cloud provides users with true ownership of their content. [8]
Freeport
The Freeport Creator Suite is designed to generate digital content using Web3 technology and Cere's Decentralized Data Cloud. It enables creators and developers to produce and manage various types of content, such as images, videos, and games, without coding. Freeport is an intermediary between the client and the Decentralized Data Cloud, facilitating data interaction and offering integration with CerePlan, CereFans, and the Marketplace. It is useful for tasks like token minting, configuring royalties, and managing auctions, while game developers and content owners can easily upload and configure content for optimal use. [9]
Cere Marketplace
The Cere marketplace is a ready-made platform that enables creators and developers to offer digital assets to their communities. It supports a range of uses, such as launching digital art exhibits, sharing exclusive content, or integrating an in-game marketplace, providing a flexible solution for distributing and managing digital assets. [10]
Cere Video Streaming
Cere Video Streaming provides a decentralized and reliable system for delivering video content, addressing issues commonly found in centralized platforms. Utilizing the Cere Blockchain, Decentralized Data Cloud (DDC), and Media SDK ensures high-speed, censorship-resistant streaming globally. Content creators can upload videos through Cere Freeport and use NFTs for access control, while consumers access exclusive content through NFT ownership. App developers can upload videos to storage clusters, integrate CDN streams, and optionally link video streams to NFTs, allowing only NFT holders to view the content. The service also supports a decentralized video player and standard HTML 5 formats. [11]
CERE
The CERE utility token serves three main purposes within the network: SaaS-DeFi utility, Proof-of-Stake consensus, and network governance. It facilitates enterprise demand by linking tokenization to SaaS utility and fees in B2B transactions, as well as business-to-consumer payments and value transfers. [2][12]
- SaaS DeFi Utility: CERE powers the Decentralized Data Cloud platform, SaaS-DeFi framework, and Cere Marketplaces.
- Consensus Participation: Validators and node operators stake CERE tokens and are rewarded with additional tokens for maintaining the network.
- Network Governance: CERE token holders have voting rights to influence the network's future development and operations.
Tokenomics
CERE has a total supply of 10B and has the following distribution: [13]
- Private Round: 20.9%
- Team: 18%
- Enterprise Partners: 9%
- Network Development: 8.25%
- Grants: 8%
- Public Sale: 7%
- Advisors: 5%
- Staking Rewards: 5%
- Marketing: 5%
- Foundation: 5%
- Developer Outreach: 4.89%
- Public Sales (A2, A3): 4%
Cere DAO
The Cere DAO represents a step towards decentralized governance, modeled after projects like MakerDAO and Uniswap. It aims for a transparent and inclusive governance structure where all members can determine Cere's future. Since its founding in 2019, Cere has aimed to distribute control across its ecosystem to prevent any single entity from having excessive influence. This plan, developed with legal guidance, outlines the path to a fully community-led governance structure. [2][14][15]
Cere's governance relies on community participation, where token holders vote on key network decisions. These votes occur through the Polkassembly platform, with decisions funded by the DAO's treasury. The system emphasizes fairness, transparency, and collective decision-making. Cere's network governance is designed to support various governance models, catering to enterprise needs ranging from fully permissioned to public or hybrid configurations. [2][14][15]
- Enterprise Governance: Enterprises can create custom DAOs for side chains through smart contracts, allowing flexibility in governance design.
- Consensus Participation: Stakers of Cere tokens participate in the network consensus, with validators earning block rewards.
- Arbitration: The Cere Foundation mediates between enterprise and network interests to ensure balanced and sustainable conflict resolution.
Funding
On October 23, 2019, the Matic community pledged $1.7 million in Cere Network's private sale, exceeding the initial $100K target. Cere announced a partnership with Matic Network, aiming to enhance its decentralized CRM solution by integrating with Matic’s Plasma-based sidechain network. Within nine hours, Cere received over 168 submissions, pledging over 120 million Matic tokens, valued at $1.7 million. [16]
On September 9, 2021, Cere Network announced the completion of its $28 million CERE token offering and a $3 million investment from Polygon. This investment enables the integration of Cere’s Decentralized Data Cloud (DDC) with Polygon’s protocol alongside its existing Polkadot integration. The $31 million token sale was led by Republic, with additional funding from DAO Maker and Polkastarter. The Republic platform saw over $100 million in demand within the first hour of the offering. Cere Network is backed by Binance Labs, Fenbushi Capital, Arrington XRP Capital, Republic labs, OKEx, AU21 Capital, Kenetic Capital, NGC Ventures, QCP Capital, Woodstock Fund, JRR Capital, Ledger Prime, G1 Ventures, ZB exchange, Gate.io Exchange, Spark Capital and others. [17][18]
