Blockchain technology has many applications outside of cryptocurrency and value storage or transfer. There are now many disruptive platforms that are using blockchain technology in specific use cases. Many of these platforms launch via initial coin offerings, but not all initial coin offerings are successful.
One of the areas in which blockchain technology is most disruptive is the enterprise space. Enterprise applications are able to take advantage of a range of different technological advantages over traditional database architecture, which include total immutability, security, reliability, transparency, and decentralization.
While blockchain technology can be considered relatively mature, there are currently few platforms that integrate the blockchain into enterprise applications. The next generation of blockchain networks, however, are set to fill the massive gap in the enterprise market and dramatically simplify the development and distribution of distributed applications that can be used to drive business value.
In this article, we’ll take a look at the Neblio platform, a next-generation blockchain platform specifically focused on the development and distribution of enterprise applications and services. Neblio is currently riding the launch of a successful initial coin offering, and aims to design and develop open-source products and services.
What Is Neblio?
Neblio is a blockchain platform that targets the business and enterprise markets, and is currently developing a range of different open source tools, APIs, and services that will accelerate the development process used to create decentralized applications.
Neblio, in a unique fashion, is employing their own blockchain solution in the architecture of their platform. The Neblio blockchain functions as a network of decentralized peer-to-peer nodes that exchange information much in the same way as other blockchains. The innovative architecture of the Neblio blockchain, however, allows it to offer a selection of functions that deliver advantages to businesses and enterprises.
Neblio is driven by the goal of creating a blockchain upon which distributed application, or dapp development is simple, streamlined, and efficient. Interestingly, the Neblio blockchain uses proof of stake as a consensus method, as opposed to the computationally and energy intensive proof of work method of consensus used by high market cap cryptocurrencies such as Bitcoin.
The Neblio proof of stake consensus method works by using the tokens held by network participants as votes toward consensus, which are used to verify new blocks. Users in the Neblio network that hold more tokens are provided with more votes, as their stake in the network is higher. To incentivize users, voters are provided with a reward for staking their tokens and verifying new blocks.
In their white paper, Neblio provide a number of use cases in which the Neblio blockchain offers unique advantages. Secure records management processes are able to benefit from the architecture of the Neblio blockchain, as can regulatory compliance and audit trails in which security and immutability are key.
One of the most interesting applications of the Neblio blockchain, however, is the functionality it offers in acting as a medium of communication between internet of things devices. IoT devices are able to use the Neblio blockchain to communicate and authenticate securely.
Neblio also offer enterprise-level blockchain consulting, assisting in the development, design, construction, deployment, and management of blockchain networks. Neblio also offer node deployment and hosting, as well as private blockchain development.
How Neblio Works
Neblio offers a range of services that are intended to function as a “one stop shop” for deploying blockchain technology, including the Neblio API Suite, Blockchain Consulting Services, managed Neblio Node Deployment & Hosting, and Private Blockchain Development.
Using the Neblio blockchain, Neblio clients will be able to rapidly develop and release dapps through the RESTful Neblio API Suite, which is intended to remove most of the complexity that is associated with the development of blockchain based applications.
Eddy Smith, the Lead Developer of the Neblio platform, has commented on the ease of use with which Neblio users will be able to develop dApps on their blockchain:
Developers that are familiar with modern RESTful APIs will be able to quickly and easily develop distributed applications that store and access information on the Neblio blockchain or its side chains. Further simplification is available to clients by letting us host and mange their Neblio nodes, through consulting services, or through development of customized private blockchains suited to the client’s needs.
The Neblio platform is currently live, and is growing on a daily basis. The last development update published by Neblio noted the impending release of the upcoming Neblio iOS app, and announced the release of NEBL tokens on a number of exchanges, including CoinSwitch and Cobinhood.
Neblio is an extremely promising player in the blockchain enterprise solution market, and experiencing a strong growth not only in their userbase but also in the value of NEBL Tokens. If you’re interested in investing in the future of enterprise blockchain solutions, Neblio is definitely worth consideration.