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Blockdaemon Inc., a distributed ledger platform for blockchain node management, today announced its support for Oasis Network’s newly launched open finance and data economy mainnet network which will support a privacy-enabled blockchain.
In a blockchain, a node forms a fundamental part of the infrastructure of a blockchain by storing, disseminating and preserving blockchain data, and theoretically the entire ledger exists on each node and therefore each node can recreate the blockchain. In this way, the blockchain is tamper-proof because each node can prove that every other node has not been modified by comparison.
Since all nodes need to be interconnected and in sync means they need to be managed, this is where Blockdaemon’s scalable, cloud-based, high-speed platform comes into play.
Using the Oasis Network’s privacy-enabled platform, Blockdaemon can provide extensive infrastructure support, including the in-app ability to deploy nodes with just a few clicks on Oasis. It also provides real-time monitoring with measurement tools, application programming interfaces, backup systems, and scaling across multiple cloud providers.
The company expects this to become a much desired resource for many blockchain-hungry companies looking to utilize this new data economy.
“Managing node infrastructure can be complicated, time-consuming and costly,” said Konstantin Richter, CEO of Blockdaemon. “Blockdaemon simplifies the node deployment process so developers can spend time doing what they do best: innovating and building next-generation networks.”
The Oasis Network acts as a high-performance blockchain that works to keep user data confidential and secure and provides users with greater control and ownership of that data with tamper-proof cryptographic protection from historical sources.
According to the company, existing blockchain networks have struggled to provide processing capabilities suitable for complex applications. Oasis Network seeks to provide superior transaction speeds with compute-intensive and privacy-sensitive services.
“With easy-to-use integrations and interoperability at the heart of what we do, we provide companies with the right node configurations that enable them to scale operations quickly,” said Richter. “With our continued support for Oasis since the beginning of their project, we are taking a step towards our shared vision of a decentralized web where user security and privacy are paramount.”
Together Blockdaemon and Oasis will provide a vision of a decentralized web where user privacy will be balanced along with high-performance processing capabilities for enterprise use cases with practical real-world performance standards.
Blockdaemon has collaborated with Oasis on a number of projects with the aim of achieving this goal, for example, by deploying validation nodes on the Oasis network for trusted actors such as the Frankfurt School Blockchain Center. In doing so, Blockdaemon supports the long-term health and integrity of the network and keeps the set of validators that keep the network intact.
“Blockdaemon has played a valuable role in the recent launch of the Oasis mainnet, a significant milestone towards our shared goal of a privacy-centric web,” said Jernej Kos, director of the Oasis Foundation. “With an easy-to-manage suite of services that streamline the node deployment and management process, Blockdaemon has helped protect the integrity of our network while ensuring it remains truly decentralized.”
Image: Pixabay
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