Bitfury Launches Exonum Enterprise Blockchain As A Service For Corporations And Governments

Bitfury, a Bitcoin Mining leader based in Amsterdam, has launched yet another transformational blockchain product designed for corporations. The firm announced through its medium blog post on Dec 5 that they had released Exonum Enterprise to facilitate private blockchains on its network. This is an improvement to its existing Blockchain as a Service (BaaS) ‘Exonum’ which launched back in 2017 as an open-source platform.

The firm’s CEO, Valery Vavilov, said that the Exonum enterprise will not only improve interoperability but also network security and transparency. Bitfury has been working on Exonum enhancements since its launch two years ago; today the company boasts of a well-proven track record in blockchain scaling for enterprises. It is notable that this tech innovation placed Bitfury in Forbes ‘Blockchain 50’ earlier in 2019.

Exonum blockchain has attracted a number of users in the global arena since it was launched. The Republic of Georgia leveraged the Bitfury tech to register over 2 million land titles within its jurisdiction; they can be validated on the Exonum blockchain. Other significant players who have implemented this blockchain tech include engineering giant Aricent, Ukraine’s Auction State Agency, South Korean hospital, and Synergy University which has validated over 100k diplomas on the Exonum network.

Exonum Enterprise

This advancement by Bitfury will bring a new range of features to improve user experience and blockchain scaling options. Corporations will be able to launch private blockchain networks on Exonum Enterprise in less than five minutes. In addition, the BaaS is built to track blockchain deployments with a standby support tea from the Bitfury DevOps.

Interested clients can easily integrate their private blockchains with Exonum enterprise using the Bitfury Software Development kit. This ecosystem leverages the Exonum consensus algorithm to keep the network running in case of shortcomings like malfunctioning nodes. It is also anchored to the Bitcoin blockchain for upgraded security and data privacy. Finally, the Exonum Enterprise blockchain is designed to accommodate an average of 5000 Tps efficiently.

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Author: Lujan Odera

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