BlockApps FAQ

Blockchain

Blockchain is a technology that allows for the creation of scarce, transferable digital assets. It is a ledger (maintained by a network) that handles the “double spend” problem of accounting/economics for digital assets.

Blockchains are good for tracking and transferring assets such as physical goods, financial assets, and valuable data. Blockchains replace the need for centralized, trusted intermediaries (e.g. third parties) with various kinds of participant-based trust and approval.

Blockchains have the potential to:

  • Remove intermediaries (typically aggregators or clearinghouses)
  • Reduce the overall number of systems and improve operational excellence between parties

There are two general types of blockchains:

Public blockchains (e.g. Bitcoin, Ethereum)

  • All network activity is visible to the public
  • Network members can self-identify, but are usually anonymous
  • Network latency does not scale well

Private blockchains (e.g. BlockApps STRATO, Hyperledger, EEA)

  • Activity visible by network members only
  • Visible identity of network members
  • Lower network latency

Ethereum

STRATO is built based on the Ethereum protocol with modifications that make it enterprise-grade – mostly to help customize and manage privacy, governance and throughput.

No. STRATO networks are private and not linked with the public network’s nodes, transactions or cryptocurrency.

No. STRATO networks are private and not linked with the public network’s nodes, transactions or cryptocurrency.

STRATO

Read all about it here!

In short, STRATO is a flexible blockchain solution for building and running business networks. STRATO serves as the base layer for secure business network transactions and activity, creating a highly extensible platform for business groups to use.

STRATO is used by Fortune 500 companies, industry-owned businesses, and software startups alike.

Large companies like Bayer, BHP Billiton, Ticketmaster and John Hancock use enterprise-grade STRATO to manage and enhance various processes relevant to their business.

Meanwhile, partners, developers and technology companies build solutions and applications on STRATO.

You can get STRATO in minutes through cloud marketplaces including Amazon Web Services, Google Cloud Platform, and Microsoft Azure.

Alternatively, if you want to use STRATO without the marketplace you can buy a license here and BlockApps will set up the STRATO for you.

If aren’t sure which option is best for you (or need a larger network) contact our team and we’ll be in touch!

Our developer docs have everything you need to get started and build applications using STRATO.

If you can’t find the information you’re looking for, check our forums or submit your own post.

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About BlockApps:

BlockApps was the first company incubated out of Consensys in 2015 and has created several industry innovations including the launch the best, easy-to-use, most powerful Blockchain as a Service (BaaS) platform on the market called STRATO. Since launching STRATO on Microsoft Azure in 2015, BlockApps has become first blockchain company to partner with all major cloud platforms (Azure, Amazon Web Services, Google Cloud Platform) and is a founding member of the Enterprise Ethereum Alliance (the world’s largest open standard blockchain organization). Today, we continue to expand our partner network the enterprise-grade capabilities of STRATO.

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