Technologies

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Low Code Blockchain Platform-as-a-Service for Rapid Blockchain Development

Technology Overview

Gartner estimates blockchain will generate $3.1 trillion in new business value by 2030.

While interest and demand for blockchain is booming, there is a lack of capability and availability of blockchain skilled manpower to support its implementation. We enable companies in realizing their blockchain ideas, by offering a low code platform to bridge the skill gaps needed for blockchain development and deployment.

Our low code Blockchain Platform-as-a-Service (BPaaS) enables rapid and more cost efficient blockchain application development and delivery at scale.

The technology can be considered a tool that abstracts away the complexity of blockchain technology and enables any developer to easily build blockchain based applications or integrate blockchain functionality into their existing systems to enhance business operations and solutions.

Technology Features, Specifications and Advantages

The core of our technology is a chain-agnostic node-wrapping enterprise-grade middleware which includes a suite of APIs, developer tools and frameworks required for development of blockchain based applications and their integration into a company’s existing systems to enhance business operations and solutions.

It encapsulates years of R&D on the technical, operational and organisational aspects of blockchain technology. The technology is packaged in fully documented APIs, micro-services, browser components and templates.

The technology helps strips away blockchain complexity and provides developers with the building blocks required to build full stack applications.

Potential Applications

The technology allows for the development and deployment of blockchain use cases for any industry. The tech company has worked with governments and MNCs to deliver blockchain based food safety/agriculture traceability, green financing,asset tokenization and circular economy use cases; all of which are readily available as working smart contracts on the platform.

Companies that are serious about its Sustainability (ESG) initiatives especially benefit from our platform. Blockchain’s inherent properties provide immutable traceability and auditable trails which can undeniably prove that the ESG related achievements and measured KPIs are indeed genuine.

The genuine KPIs can then be used to create quantitative green scorecards and ultimately objectively evaluate the ESG impact on the value chain.

Some examples of blockchain ESG applications that the blockchain platform can build:

  • Food(agriculture) and vaccine safety/quality/authenticity traceability
  • Circular economy, digital asset tokenization
  • Green financing/loans, green bonds, carbon credit tokenization

Customer Benefit

Users have the freedom to select their preferred blockchain protocol(Ethereum, Corda, and Hyperledger Fabric) and cloud provider (e.g., GCP, AWS, Azure) or even on-premise and will never be vendor locked.

Easily develop any blockchain use case for all industries and integrate with existing systems all on one single platform.

Users will have access to out-of-the-box smart contract templates that are 80% ready for real world applications e.g., asset tokenization, supply chain traceability, trade finance, etc. that would benefit from immutable blockchains and auditable trails especially for sustainability (ESG) initiatives.

Companies can go from blockchain use case ideation, to development and PoC deployment in just 1~2 months. The speed to test an actual use case allows business and IT leaders to quickly gauge the blockchain use case’s impact and make data driven decisions.

Digital transformation experts/system integrators who wish to get into the blockchain industry but do not have the knowhow may leverage the technology and instantly become blockchain solution providers.

OVERVIEW
Contact Person

Johnny Kok

Organisation

SettleMint

Technology Category

  • Infocomm
  • Blockchain

Technology Readiness Level

Keywords

blockchain, low code, traceability, esg, sustainability