DeFI News by Thebittimes.Com

Polygon co-founder Sandeep Nailwal and Stani Kulechov, founder of Aave, were among investors in a fundraise for Llama, a protocol aiming to provide easy-to-use tools for on-chain organizations. Llama, an access control and governance platform for smart contracts, raised $6 million during a seed funding round led by Founders Fund and Electric Capital. The capital raise is earmarked for further development of Llama’s platform which co-founders Shreyas Hariharan and Austin Greene say would allow developers to focus on their core products.  Llama is excited to announce our $6 million seed round led by @foundersfund and @ElectricCapital to streamline access management for smart contracts. pic.twitter.com/11UmcKcfy4 — Llama (@llama) November 6, 2023 Hariharan’s statement regarding the announcement noted that builders could leverage Llama to scale their on-chain entities by defining roles and permission for critical actions such as protocol upgrades, moving treasury funds, edi...

From insurance to telehealth, smart contracts are finding use cases across the healthcare industry. Smart contracts are self-executing lines of code that run atop blockchains and are triggered once a set of predetermined conditions are met. They are used to automate the execution of online agreements without the involvement of third parties. Today, they are used across many industries, including the healthcare industry. The healthcare sector stands to benefit a lot from the widespread implementation of these self-executing programs, especially when it comes to streamlining arduous manual processes, automating bureaucratic procedures and alleviating issues caused by human error. Today, many healthcare institutions rely on highly centralized conventional management systems to handle sensitive tasks such as record keeping, transactions and correspondences. While some traditional systems can undertake some of the tasks exceptionally well, many of them are prone to failure due to limited i...