Binance Labs-supported corporate blockchain project Cere Network attracted $3.5 million

Cere Network intends to help Binance Chain attract large customers and accelerate the spread of blockchain at the corporate level. The project is a graduate of the Binance Labs incubator program and has already attracted several customers, including a road carrier with more than 200,000 users and a cosmetics brand.

The Cere Network solution allows you to register customer information in your own blockchain. Soon it will be integrated with Binance Chain, and in the future it will be able to work with any blockchains. As Kenzi Wan, co-founder of Cere Network, explained, corporate clients of the startup will start using Binance blockchain indirectly in the near future.

"We can attract many brands from the real world to Binance. They see integration with us as a long-term plan, prefer to work with us and help us develop," he added.

The CRM space in which Cere Network intends to enter is characterized by high levels of profitability and competitiveness in comparison to other areas of software development. It already has companies like Salesforce, Oracle and Microsoft. Cere Network intends to take advantage of blockchain to compete with them.

"Salesforce has its own blockchain based on the Hyperledger platform, but their technology is several years behind ours. Their solution is stuck in the past because they're not blockchain experts, unlike us," said Wang.

He also expects that the announcement of the Facebook cryptocurrency project will lead to the development of blockchain solutions in a variety of business sectors. "I wouldn't be surprised if it turns out that Twitter is working on something very similar, and Oracle and Microsoft are launching something of their own. This will become a trend," he said.

In the near future Cere Network is preparing to launch the main network of its blockchain.