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Curtin R&D Lab to Assist Envision in Blockchain Infra Development

Published 03/10/2022, 09:00 AM
Curtin R&D Lab to Assist Envision in Blockchain Infra Development

  • Curtin University blockchain R&D inked a deal with Envision to help the platform develop its blockchain infrastructure.
  • The support will include NFT implementation and penetration testing, among many activities.
  • Curtin’s R&D lab has an established reputation for providing blockchain solutions to companies from across industries.

Curtin University Blockchain Research and Development Lab has inked a partnership with Envision Stock, a decentralized platform for marketing and purchasing stock content that leverages smart contracts and blockchain technology to provide proof of ownership.

Curtin’s Blockchain Research and Development Laboratory (NYSE:LH) will assist in the development and testing of Envision’s blockchain infrastructure. The support will cover the implementation of the ERC 1155 NFTs that will provide proof of ownership over content, associated smart contracts, deployment and management of blockchain nodes, NFT integration, and utilization of decentralized file-sharing systems such as IPFS.

Moreover, the support will include smart contract optimization and scaling for gas fees reduction, as well as multi-faceted testing, including unit, integration, acceptance, and white box penetration testing.

With its expertise and solution offerings for various industries, Curtin University blockchain R&D positions itself as the perfect partner for Envision when it comes to blockchain.

The lab makes use of the research capabilities of Curtin University and the execution prowess of Natsoft Consulting — which supported the establishment of the R&D lab — to offer a holistic technical solution to Envision. This will enable Envision to attract content and users to a more efficient and fair blockchain–native stock platform.

Envision is the first blockchain-based stock media platform that empowers its users. Conventional platforms depend on extracting immense value as middlemen, taking ownership of the stock content and then returning a small portion of the revenue to the original creator. Creators have zero control over pricing or revenue sharing, with data showing that creators may get as little as 20% of the total proceeds.

Envision comes in as it fuses a peer-to-peer marketplace based on cryptocurrencies with ownership signaled by NFTs. This greatly streamlines the whole process — made possible by numerous innovations in the blockchain ecosystem.

Envision Co-Founder and CFO Miles Bradley is ecstatic about the collaboration, stating:

It’s exciting to see a local partnership which benefits both parties and helps bring mass adoption to the blockchain space. Leveraging Curtin’s Blockchain Lab will fast track our development and adoption, making sure we are in the best position possible to achieve our goal of supporting the creators who have succumbed to greedy Web2 solutions for too long.

Curtin University Blockchain R&D Lab Director Vidy Potdar chimed in to the discussion on Web2, noting that the revenue that Web2 solutions can generate via stock media creators suggests that the market is ripe for disruption, with the knowledge and experience Curtin’s Blockchain R&D Lab brings to the table Envision will be strongly positioned to be a market leader.

About Blockchain Research and Development Laboratory

Curtin University Blockchain R&D Lab focuses on creating real-world industry solutions using blockchain and other disruptive technologies. A hub for research, education, development, and implementation of blockchain solutions, the lab collaborates with other facilities at Curtin and industry solution providers to develop breakthrough innovations.

About Envision

Envision is a Web3 solution dedicated to giving stock media creators the power and control they deserve. Using utility from NFT and blockchain technology, Envision enables the peer-to-peer exchange of stock media content where content creators market directly to consumers, avoiding the nuisances of the traditional process present in Web2 solutions.

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