Bitfury launches first bitcoin-protected enterprise blockchain
Bitfury launches first bitcoin-protected enterprise blockchain
Blockchain

Bitfury launches first bitcoin-protected enterprise blockchain

By Stefania Stimolo - 5 Dec 2019

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The Bitfury group, known for its crypto mining, today launched Exonum Enterprise, the first blockchain created from scratch to help companies and governments easily design and launch blockchain projects by increasing transparency through the use of the bitcoin blockchain. 

 

“Today we rolled out Exonum Enterprise, our scalable and full-service offering for companies and governments looking to adopt blockchain in their operations. Built on the award-winning  ExonumPlatform.”

According to reports, the new Exonum platform was born as a “Blockchain-as-a-Service” (BaaS) offer by the mining giant, but adding also a not inconsiderable detail to the world of corporate blockchains.

Exonum Enterprise seems to be anchored to Bitcoin’s blockchain, so as to offer additional security and transparency, but keeping company systems safe without exposing any internal or private data. 

In this regard, Valery Vavilov, CEO of Bitfury, said:

“Blockchain has no equal in its ability to simplify operations, but its main advantage for our world is its transparency and security. The Exonum Enterprise platform will promote the adoption of the blockchain, helping to make our institutions more reliable and in turn improving the lives of people around the world.”

A true enterprise opportunity for Bitfury

If we consider that its first activity was precisely to build specialized computers for the bitcoin blockchain in exchange for the cryptocurrency itself, Bitfury would be the most consistent company for the launch of a new blockchain for businesses. 

In general, the Exonum Enterprise platform can handle up to 5,000 transactions per second and uses Bitfury’s proprietary consensus algorithm to protect operations even in the event of node failure or malicious behavior. 

In addition, Exonum Enterprise can be easily integrated with enterprise systems using Bitfury’s software development kit (available in Java, JavaScript and Python).

Exonum’s blockchain platform has already been used in several global projects with different goals. Among the many listed, we find the construction of a diploma verification system for Synergy University, with a validation that now amounts to 100,000 diplomas.

Or, it has been used by medical data company Longenesis to manage patient consent and privacy in several hospitals in South Korea.

Not only that, in Ukraine, Bitfury created an electronic auction system based on Exonum blockchain in 2018 for the state agency for e-governance, which to date has completed 50,000 auctions and an increase of 18% in total sales.

 

Stefania Stimolo
Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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