Stratis has announced that enterprises can now create custom private blockchains known as sidechains, following enhancements to the Stratis Platform.
The new Stratis provides enterprises with the ability to create bespoke sidechains with flexible modules such as consensus, block size and privacy; delivering scalable blockchain solutions.
On top of that the enhancement allows enterprises to rapidly provision private or public blockchains linked to the Stratis blockchain (mainchain), while retaining flexibility to tailor any blockchain implementation to specific business needs.
— Stratisplatform (@stratisplatform) June 27, 2018
The flexibility of a sidechain also helps to improve scalability, a long-running challenge of decentralized computing.
What’s New About The Stratis Platform
The new Stratis Platform was built with a programming language making it easier to integrate into existing enterprise architectures and opens the door previously blocked due to programming language barriers.
Stratis sidechains in C# builds upon the established .NET framework, language and ecosystem. Therefore, it is more readily poised for wider adoption.
Aside from leaving the mainchain free to exchange funds, Stratis Sidechains make it possible to specify both the block size and block interval, increasing the number of transactions in each block and/or reducing the time between each block.
According to Stratis CEO, Chris Trew the sidechains which the new Stratis Platform enhancement allows provide a means to quickly provision, sandbox and deploy a bespoke blockchain tailored to specific enterprise processes. Also, because Stratis sidechains remain linked to the well-established Stratis mainchain, enterprises can be certain their blockchain implementations will continue to benefit from enhancements made by our core team of highly-experienced developers.
More Benefits For Enterprise
Stratis Sidechains solve a significant challenge facing enterprises concerned about implementing blockchain solutions due to the lack of privacy and control inherent to most existing public blockchains. An enterprise lacking the ability to influence changes in public infrastructure to suit their specific needs is a valid cause for concern.
Stratis Sidechains operate by ‘locking' Stratis tokens on the Stratis mainchain as a value proxy for enterprise tokens forged on any sidechain. This overcomes the complexity of transferring digital assets between different blockchains, offering flexibility and confidence that any sidechain digital asset will always be backed by the correct amount of Stratis tokens.
As an example, if an enterprise wants to improve efficiency by moving invoicing or asset tracking to a blockchain solution, it's likely that they will not want to publicize that data. That's when a private sidechain becomes a flexible solution that's quick to test and deploy, as well as easy to maintain. Sidechains are a critical step in making blockchain accessible to enterprises wanting to benefit from blockchain while retaining full control of their business processes and privacy, explains Trew.
The Stratis Sidechains Alpha release follows the recent news of Stratis Smart Contracts in C#, which allows a wide range of decentralized applications to be built upon the Stratis Platform.