smart summary beta

IOV Labs, an organization dedicated to the development of the RSK Smart Contract Network and the RSK Infrastructure Framework (RIF OS), today announced a partnership with Swarm, a distributed storage platform and content distribution service, to implement and address the incentivization behavior of the Swarm network as a whole, including the Ethereum and RSK implementations.

Both teams share a unified vision of an open and encrypted data storage and streaming system, underscored by a new incentive model that reimburses data providers for retrieving popular content.

The incentive system is an improvement proposal that the Swarm and RIF Storage teams will tackle: through Swarm´s Accounting Protocol (SWAP) with a layer-2 (L2) settlement and payment mechanism.

The accounting and payment system will utilize the RSK sidechain, notably including the recently launched Lumino transaction scaling solution, which will allow users to use the RIF token on the network that will be integrated with RIF Storage for the incentivization mechanism on the Swarm implementation.