What is Oasis Network?

Oasis Network is a blockchain project that offers a solution to many of the problems that DeFi faces (high fees, low scalability and throughput, and lack of privacy). Let's look into the details. The Oasis Network platform was created for cloud computing. It ensures their safety, efficiency and confidentiality.
The project is based on its own Oasis blockchain. It is a highly scalable, low-fee network that expands app and DeFi use cases by offering support for data privacy. That is, DeFi services will be able to find applications in the corporate sector and consortiums. After all, non-disclosure and safety of information play an important role in the latter. Thus, any company or user can place insurance data, bank statements or even medical data on the Oasis blockchain without fear of violating their confidentiality or leakage. At the moment, there are such companies as CryptoSafe, Nebula Genomics and a leading medical company that is included in the Fortune 500 list.
The Oasis Network platform also follows an interesting direction - data tokenization. This means vendors can be rewarded for posting encrypted information to applications that want to parse it.
The ROSE is a utility token. It is used for staking and delegation to nodes, to process various operations on the platform, run smart contracts in ParaTimes, etc. By ensuring the privacy of the Oasis Network platform, users can receive its tokens as a reward.

In 2018, the company began developing its own Oasis blockchain. However, its launch took place only in 2020. In the same year, the company held a closed sale of ROSE tokens. It was possible to raise $46 million from such large venture investors as Binance, Andreessen Horowitz, Accel.
The programmers of the team who work on the project used to work in large corporations: Amazon, Google, Apple. They graduated from prestigious universities like Harvard, Berkeley, Stanford. Therefore, their experience will allow the project to quickly expand and launch more dApps.