Blockchain technology has taken on various forms since the introduction of Bitcoin and continues to evolve even today to meet the industry’s ever-changing demands and needs.
Businesses and companies could benefit enormously from blockchain, but integrating distributed ledger technology is often expensive and time-consuming. As a result, Blockchain as a Service has emerged as the ideal solution for wider scalability.
Recognizing the potential growth in the Blockchain as a Service sector, digital currency investment fund Alphabit has revealed an initial investment deployment into Stratis Protocol – as well as a future seven-figure investment, pledged over the next two years. Here’s why Stratis Protocol could be the next big thing in the blockchain space.
All About Stratis Protocol: The Innovative Blockchain as a Service Solution
The adoption of decentralized blockchain networks has been slow in the business world. Despite the technology’s potential in reducing costs, overhead, and improving operations across all facets of a company. The primary reason behind the lack of real-world adoption has been due to an unfriendly programming language and excessive start-up costs.
However, Stratis Protocol has created a Blockchain as a Service (BaaS) product that relies on the widely-used C# programming language, making developing for and implementing the technology into existing IT infrastructures far more manageable and less costly or time-consuming.
The seismic shift in time and cost investment will allow businesses to seamlessly run smart-contracts through the platform, as well as several other critical features. For example, Stratis Identity offers a decentralized KYC and AML check, so businesses can quickly comply with regulatory oversight, verify client information, and keep personal data safe and secure.
Companies can even operate multiple side-chains or even set up and launch a regulation-compliant STO or ICO.
Alphabit Makes Initial Investment, Pledges 24 Months of Seven-Figure Support
As the business world evolves and converges with digital currency technology, the need for BaaS products like Stratis Protocol will grow. Alphabet, a firm specializing in investments in blockchain projects, has announced an initial investment deployment into Stratis based on potential “exponential growth,” Alphabit CEO Liam Roberson revealed.
“We are delighted to welcome Stratis into our portfolio and look forward to supporting them over the coming months and years,” he continued.
The firm currently has over a billion USD of assets under management and is one of the world’s first regulated digital asset investment funds. Alphabit primarily focuses on assisting cutting edge projects like Stratis with end-to-end partnerships and project development.
Stratis CEO Chris Trew says that Alphabit’s capital injection will “unquestionably assist in accelerating the adoption of Stratis Technologies while cementing Stratis as the go-to platform for Microsoft .NET Blockchain development.”
With the investment and continued support from Alphabit, Stratis Protocol could be the most disruptive technology of the 21st century for the business world. To learn more about the groundbreaking BaaS tech, visit the official Stratis website. For more information on digital currency investments fund Alphabit, click here.
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