Covalent - Data with a Mind

When we talk about a phenomena that have a mind of their own we often refer to that which can be controlled by the owner. In this article I will be touching on a subject area which before now haven't be thought to have this type of user control.



The internet as we come to know it have been successfully perpetuated in all ramifications of our lives, we typically live on the internet which is why we have to be cautious with what we do around here. Data today as we have it is mindless, going as far as the instructions of the current policy that governs it, Covalent aims to make using data much more worth it and safer with their advance technology leveraging on the security of the blockchain i.e the decentralized nature, trustlessness, interoperability and security, this will in turn ensure that other industries are better served. For instance ensuring that the medical record of patience is safe will inspire confidence for much more patients to give in their records for medical purposes.

I am an ardent follower of the project, seen very good progress and milestone achieved, I will do well to share some bit of it here in this article.

Meet-ups and Conferences



Singapore blockchain conference was held recently bringing in together various individuals from different platforms and projects with Covalent securing a spot for themselves.

Covalent stand in SFBW

Raymond Gao, COVA’s co-founder, is presenting at Project Kairos of #ConsensusSingapore



COVA’s tech lead Tarik Moon giving lectures in Istanbul Etherium Meetup at Bahcesehir University



Tea talk at Boğaziçi University explaining the technology to student developers

Much have been said about the technology and the data policy they are rolling out and the launch of their main net which is schedule to happen soon. Various questions have been raised around the tokenomics, the utility of the token and the infrastructure. The working proof of concept (POC) is no doubt a pointer to the fact that the project holds a lot of potential and an inspiration for both investors and intending one.

It is common around the blockchain this days when project springs up with good utilities and aim to build their own blockchain. Having own blockchain aids in many of projects feature such as dapp creation as in the case of Covalent.

In the Covalent project, ETH network will not be completely ditched as financial transaction will still happen using the network, both token and smart contract will run still on the ETH blockchain due to ETH security and community around it, they hold down the world No 2 spot in the blockchain space.

Covalent blockchain will allow dapp creation as earlier mentioned also to store dapp metadata and secret bits efficiently, cost and latency of storing such data on ETH blockchain is highly impractical for COVA use cases.

Other reasons is so that COVA becomes the sole fuel which users can use to run the blockchain. COVA will become units for measuring trusted-ness and computing power of systems. For market pricing of computation power, the network cannot depend on ETH or any other coins that does not have its value tied to the value of the trusted network.

Cova explanation video will help lay some more concrete understanding of the tech behind the project.





Project Informations Can be found here WEBSITE



