PowerLoom – The Decentralized Data Layer for Web3

Swaroop Hegde is a co-founder at PowerLoom – a decentralized Data Layer for Web3 that is scaling trustless data and building on-chain data primitives.

The Powerloom Protocol is a decentralized data protocol designed to meet the growing data requirements of smart contract-based applications, including DeFi, games, and other user-centric platforms. It incentivizes participating peers to achieve consensus on state transitions and event emission observations across multiple smart contracts.

By utilizing data compositions on smaller, consensus-reached data units, Powerloom stands as a peer-validated and accurate information source, empowering rich data applications such as dashboards, bots, aggregators, and insights trackers.

Powerloom in a nutshell: Powerloom acts as a decentralized library catalog for blockchain data, providing verified and up-to-date information from multiple chains. Powerloom has a snapshot-driven approach to data retrieval, which allows for efficient scaling and trust in the results.

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