Virtual Private Blockchain (VPB) enables enterprises to quickly on-board blockchain-based solutions that utilize network privacy protection.
BROOKLYN, NEW YORK: BlockApps, the world’s first Blockchain-as-a-Service (BaaS) provider, is proud to announce its Virtual Private Blockchains (VPB) solution on the latest 4.0 BlockApps STRATO platform, which enables data and transaction privacy for enterprises and consortia.
Enterprise business workflows often involve privacy and specific permissioned-based access to sensitive data. Adopters of enterprise blockchain face the challenge of leveraging blockchain’s immutable data transparency with a business-model dependent on data privacy.
“By introducing the concept of consortium and virtual private blockchains,” says Kieren James-Lubin, Founder & CEO of BlockApps, “we are able to solve this problem in a decentralized manner without introducing overhead.”
BlockApps STRATO offers Scope Separated Privacy, Access Governed Privacy, and Compliance Enforced Privacy.
By orchestrating both a main blockchain and VPBs, BlockApps STRATO enforces privacy regulation with commercial enterprise privacy management systems, while still maintaining blockchain’s immutability and auditability.
Enterprises can create scoped, permissioned VPBs on their network for private transactions while participating on consortium-facing main blockchains. Participants on the main blockchain can form VPBs with one another for transaction privacy, and the logical separation is done via smart contract design. Additionally, participants can vote others in and out throughout the lifecycle of a virtual blockchain.
BlockApps STRATO enables provision access to transaction data with multiple VPBs. This feature enables enterprise clients to rapidly deploy onto blockchain-based solutions, whose business model or competitive advantage involves privacy protection regarding user privileges, data access, and Personal Identifiable Information (PII).
“Virtual Private Blockchains combine the best elements of shared costorium networks and privacy while simplifying management under one seamless interface,” states BlockApps Chairman and Founder, Victor Wong.
To get started with Enterprise Privacy on STRATO, visit BlockApps STRATO.
About BlockApps STRATO
BlockApps STRATO helps build, deploy, and manage enterprise blockchain applications. BlockApps STRATO offers value-added blockchain advantages in enterprise application integration, enterprise data processing, and enterprise IT management. Key features include Enterprise Ethereum compliance, smart-contract based data model & transaction, enterprise privacy, auditing, access management, and multiple consensus algorithms.
BlockApps STRATO recently announced their partnership with Google Cloud Platform, adding to their list of technology partners along with Red Hat, Microsoft, and Amazon Web Services.
BlockApps is the world’s first Blockchain-as-a-Service company, enabling flexible blockchain solutions for both startups and Fortune 500 organizations. Customers have used the BlockApps STRATO platform to build solutions in finance, insurance, supply chain, energy, healthcare, and other industries.
BlockApps is a founding board member of the Enterprise Ethereum Alliance, which is the world’s largest open source enterprise blockchain project with over 500 members including Microsoft, Intel, BNY Mellon, JPMorgan, CME Group, and Santander.
BlockApps continues to support the Enterprise Ethereum Alliance in its efforts to strengthen enterprise-grade extensions of Ethereum-based blockchain networks, which include setting the standards for scalability, security, and privacy.
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