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MultiChain, the corporate blockchain framework created by Coin Sciences, released its beta 2.0 release and added over 40 new partners, including big names like SAP and HCL Technologies.
MultiChain 2.0 is an important upgrade to the platform that was put into production for the first time in August of 2017. The announcement of technological improvements is integrated with a jump in the ranks partner program, the roster for which it is now located 86 members.
Version 2.0 includes new features such as "smart filters" – the use of intelligent contracts by MultiChain – as well as support for structured data to be embedded and indexed in the chain and easy management of off-line data.
"MultiChain has a full functionality of integrated off-line data, so it makes life much easier for developers who already use this type of technique, but they had to put things together themselves with several pieces," said the founder of MultiChain , Dr. Gideon Greenspan.
The MultiChain intelligent filter approach has elements in common with R3 Corda's way of doing things, as well as with the way ethereum works; in fact, all the main business blockchains all have slightly different ways to code the rules on the blockchain, said Greenspan.
This led to more design space in terms of how intelligent contract rules can be expressed and executed, and how to deal with things like conflicting transactions, Greenspan said. Each of the main platforms makes some decisions in this design space, with the result that different models are more or less suitable for different use cases.
"Before choosing which blockchain platform to use, you need to actually understand the application you want to build and the types of transactions that the application must conduct," Greenspan noted, adding:
"Be sure to inform your decision on the platform, rather than choosing a platform because you've heard of it or because it was in the news."
A little deep, Greenspan explained that there are two types of MultiChain smart filters: transaction filters and flow filters. "The flow filter is particularly suited for simple data validation, so any kind of use case in which you insert structured data on the blockchain and you want to make sure the data is clean," he said.
Transaction filters are suitable for creating niche financial systems running on the blockchain that require special logic for that case. "It could be a sort of credit or currency transaction scheme in a particular subset of organizations and transaction filters are suitable for defining additional rules on those types of transactions in terms of who can do what and when," Greenspan said.
SAP effect
Among the new partners stands out the German software giant, which has over 335,000 customers in 180 countries. The company will add MultiChain to the SAP cloud offering, along with Hyperledger Fabric and Quorum, the company platform derived from ethereum.
The tracking and verification capabilities of MultiChain have already been tested by SAP in a pilot scheme on the authentication of prescription drugs, before they are reintroduced into the market.
Raimund Gross, chief strategist blockchain of SAP, said that drugs are often ordered by hospitals, for example in excess of the amount actually required and must be returned.
Another example could be an order of a very tailor-made drug that could cost $ 30,000, which for some reason or other must be returned.
"The returned medicines represent a significant advantage and can represent for our individual customers a total value of between 2 and 3 billion dollars a year," said Gross.
SAP image via Cineberg / Shutterstock
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