Dispatch Labs and OneLedger Form a Blockchain Business Partnership for Enterprise Adoption
One Ledger is a scalable cross-ledger code of behavior that has been designed for use by businesses. On 25th October, it released a press statement announcing that it had entered into an agreement with Dispatch—an initiative ready platform intended for use by distributed applications that are wedded to powerful analytics systems, data-centric, and scalable.
What Is The Aim Of This Strategic Cooperation?
Through the new agreement, the two companies are looking to take advantage of the resources currently at their disposal to enable them to work together towards developing a common business interest. The business interest as it is revolves collaborating in a project that will enable them to enhance the blockchain environment for organizations.
David Cao, the CEO and Co-Founder of One Ledger stated that the Dispatch team was highly experienced, and possessed a vast amount of technical-based expertise. This is expertise and experience that will come in handy in helping drive these projects in the right direction in the coming days.
He went on to add that Dispatch and One Ledger were looking forward to organizing a series of events in the foreseeable future. These are events that will help the two firms increase awareness as well as promote the adoption of blockchain among various enterprises.
One Ledger And Its Role In This Partnership
One Ledger is also known for providing SDK development tools to developers who deal with enterprise applications. The SDK environment can be used to come up with business modules that will assist in serving numerous business purposes. Private and public chain interactions are expected to take place on the side-chain. This will, in turn, increase the security and efficiency of all these cross-chain interactions.
Zane Witherspoon, the Chief Technological Officer at Dispatch stated that the partnership between the two companies will help their enterprise customers utilize the Dispatch distributed ledger technology to assist them to enhance regulatory compliance, security, and automation required when managing large data amounts.
By adding a cross-chain interoperability between the Dispatch Artifact Network and the Dispatch Protocol, it will become easier for their clients to enjoy the various benefits that come with using distributed data.
Dispatch, with its delegated asynchronous proof of stake and its unique consensus algorithm, will enable developers and companies to come up with tools that will help in supporting rapid change, creativity, and growth across various industries. The Dispatch algorithm is often seen as a best-of-both-worlds hybrid system.
It comes with the Dispatch Artifact Network and the distributed ledger that makes it possible to store important enterprise data off-ledger. Dispatch is currently being operated by the Bureau. The Bureau is an incubator that is based in San Francisco, and which is dedicated to creating blockchain startups that are eco-friendly and socially beneficial.
Additional Information On One Ledger
One Ledger is mainly focused on bridging the centralized enterprise applications with emerging decentralized technologies like Ethereum and Bitcoin. Apart from providing an SDK, it also provides an API that is meant to simplify the coding process.