Based in San Francisco, BlockStacks.io is a startup working in the stealth mode. BlockStacks.io team has combined the experience of 25 years of designing and developing enterprise services for companies like Google and Uber.
They recently released plans to decentralize itself by building an ecosystem of similar entities to build a decentralized network.
We’re building an ecosystem and not just a single company.
Announcing first steps in our path to decentralization: https://t.co/zacrMRhZPp
— Muneeb Ali (@muneeb) October 11, 2018
“We're determined to forge new paths and put in place governance structures that accomplish the goal of a robust and decentralized ecosystem,”
co-founders Ryan Shea and Muneeb Ali wrote. However, the process to execute this goal will take time.
BlockStacks.io supports multiple blockchain protocols including EOS, Credits, Hyperledger and Hedera Hashgraph. It eliminates the need to deploy various nodes and infrastructures to build the decentralized applications. dApps built on BlockStacks.io can save data on multiple blockchains with additional out-of-the-box utilities including KYC/AML, user management, notifications, and analytics. It is possible to build hybrid blockchain applications without building a backend and launching infrastructure for the backend.
A user can walk away with their blockchain anytime they want, as no one owns the blockchain.
dApps built on BlockStacks.io can scale easily as it is built using microservices architecture hosted on multiple cloud infrastructure including Google and Amazon AWS.
“What Amazon AWS did to app development, we would like to do the same for blockchain dApps development”, says CTO Deepak Shokeen.
In the pursuit of decentralization, BlockStack is going to make a non-profit foundation, an independent US entity, an independent Hong Kong entity, Blockstack PBC and signature Fund. Their goal with all these entities is to not have any overlap in control and to ensure that each entity can have its independent management and voice.The upcoming Stacks blockchain connects the entire ecosystem with individuals and entities having a shared interest in the success of the ecosystem.