29 Jun 2018 Samantha McLauren
Stratis Empowers Enterprise Innovation Through Sidechains
Enterprises are now able to create custom sidechains solutions with flexible modules. Based on the Stratis blockchain platform, enterprises can choose whether they wish to create a private or a public blockchain and tailor it to its specific needs related to consensus, block size and privacy provisions.
Building the sidechains in C# guarantees easy integration into existing architectures and breaks down any existing programming language barriers.
Stratis sidechains are designed for a wider adoption, aiming to enable building mainly upon the well-established .NET framework, ecosystem, and language.
Stratis Sidechains comes as an answer to a significant problem faced by enterprises in the implementation of blockchain solutions. Due to the lack of control and privacy in most of the existing public blockchains, enterprises cannot make changes to the public infrastructure.
Chris Trew, CEO of Stratis, said: “Because Stratis sidechains remain linked to the well-established Stratis mainchain, enterprises can be certain their blockchain implementations will continue to benefit from enhancements made by our core team of highly experienced developers.”
The alpha version has the function to ‘lock’ Stratis tokens on the main chain. This serves as a value proxy for all enterprise tokens that are forged in any of the sidechains, which also overcomes the complexity of transferring digital assets offer.
Chris Trew further explains that in the case where an enterprise needs or wants to improve its efficiency by moving their invoices or asset-trackings to a blockchain solution, they probably will not want to make that data public. This is an example of how Sidechains adds flexibility to the private blockchain solution.
Furthermore, testing and deployment are quick and maintenance is easy. The team behind Stratis is aware that sidechains are somewhat a critical step when it comes to making any blockchain accessible. This is especially true for enterprises that seek the benefits of blockchain technology, while at the same time want to retain full control over their privacy and business processes.