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Cere Network

Cere Network is a platform that decentralizes data cloud services and provides scalable, secure business infrastructure. It aims to bridge enterprise needs with 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 , offering cross-chain compatibility with networks like , , , and . 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 and , 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 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 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 and . It aims for a future where interconnected 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 framework, compatible with and , and incorporates WebAssembly (WASM)-based , allowing support for languages like Rust and Solidity. By leveraging Substrate’s functionalities, Cere enables flexible and customizable state transitions between . The network’s algorithm will produce and finalize blocks, with long-term CERE token receiving block rewards. Cere's integration with Substrate provides access to its extensive tools and modules for common 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 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 . 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 . 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] wiki

SaaS-DeFi

The financialization of enterprise B2B assets and liabilities within 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 ecosystem, Cere's SaaS- initiative allows enterprises to more effectively use sidelined capital, optimize financial operations, and create seamless payment experiences, leveraging . Cere's SaaS- 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 , asset conversion via /bridges, and lending/borrowing within the space. [2][5]

Products

Dragon1

Dragon1 is a data cloud cluster powered by a fully decentralized 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 . 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 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 . It supports the management of and assets and integrates with Freeport experiences, marketplaces, and the Cere . 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]
wiki

Freeport

The Freeport Creator Suite is designed to generate digital content using 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 , configuring royalties, and managing auctions, while game developers and content owners can easily upload and configure content for optimal use. [9] wiki

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 , Decentralized Data Cloud (DDC), and Media SDK ensures high-speed, censorship-resistant streaming globally. Content creators can upload videos through Cere Freeport and use for access control, while consumers access exclusive content through ownership. App developers can upload videos to storage clusters, integrate CDN streams, and optionally link video streams to , allowing only holders to view the content. The service also supports a decentralized video player and standard HTML 5 formats. [11]

CERE

The CERE serves three main purposes within the network: SaaS- utility, , 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- framework, and Cere Marketplaces.
  • Consensus Participation: and operators 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 represents a step towards decentralized governance, modeled after projects like and . 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 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 for side chains through , allowing flexibility in governance design.
  • Consensus Participation: of Cere tokens participate in the network consensus, with 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 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 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 . This investment enables the integration of Cere’s Decentralized Data Cloud (DDC) with protocol alongside its existing integration. The $31 million token sale was led by Republic, with additional funding from DAO Maker and . The Republic platform saw over $100 million in demand within the first hour of the offering. Cere Network is backed by , , 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]

Partnerships

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Cere Network

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Edited On

September 17, 2024

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