Blockedge Technologies, a step-down subsidiary of SecureKloud Technologies headquartered in the United States, has announced the introduction of its Blockchain Network Management Platform. IDC anticipates that corporate blockchain expenditure will reach $6.6 billion this year, but the adoption of blockchain technology will face its own set of difficulties.
Blockchain adoption difficulties that the industry leaders are facing include identifying and agreeing on the right use case, the capacity to develop and deploy scalable networks, interaction with current IT systems, and high-availability network maintenance.
“Blockchain technology, with its inherent security, trust, and transparency characteristics, allows businesses to cooperate and solve common problems,” Kumar Guru, Chief Growth Officer of Blockedge, said. “Successful acceptance, on the other hand, is dependent on proper execution. And Blockedge is well-positioned to be at the forefront of this movement, helping businesses in adopting trust and accountability from the ground up. In the next few of years, technology will advance significantly, and Blockedge is well-positioned to play a key role in solving the problems that businesses are facing.”
“We are renowned for simplifying and driving cloud adoption, and blockchain is a logical step for us,” Raghav Rao, Blockedge’s Head of Presales, said. “Our technology — Blockedge — was created with the goal of facilitating seamless blockchain adoption with little technical effort. As a result of our extensive cloud experience, we are the one-stop shop for exploring and deploying multicloud and multi-chain networks, and we are delighted to offer the platform for our clients in order to close the trust gap in business transactions.”
Blockedge is a simple plug-and-play BaaS platform that stands in contrast to manual solutions that are developed from the ground up from scratch. The Blockedge platform is zero-code, allows for the rapid development of iterative decentralized applications, and supports many cloud and blockchain environments.
The platform, which is powered by its UI-driven Blockedge Network Manager, allows sophisticated automation and is expected to speed business transformation for businesses and consortiums alike.
Global automotive blockchain market is expected to grow from $350 million in 2020 to $5.29 billion by 2030 at a compound annual growth rate (CAGR) of 31.19 percent, and the global manufacturing and supply chain market is expected to grow from $253 million in 2020 to $3.2 billion in 2026 at an impressive CAGR of 53.2 percent, according to MarketsandMarkets analysis.
In the early hours of the morning, Securekloud was trading at Rs169.25 a share, a 0.9 percent decline on the BSE Sensex (Bombay Stock Exchange).
