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Innovative low-code “Blockchain-as-a-Service” (BaaS) platform

Country of Origin: Spain
Reference Number: TOES20210302002
Publication Date: 2 March 2021

Summary

A Spanish SME with wide experience in blockchain technology has developed a low-code platform. This platform accelerates digital transformation for the companies allowing the integration of the technology into company business processes and systems. It´s a Blockchain-as-a-Service (BaaS) and Software as a Service (SaaS) platform that allows to build high-value solutions quickly and easily. The company is currently looking for license agreements.

Description

Companies need to improve trust on their products/services (information is manipulable) and their traceability (origin, manufacturing process, guaranty, origin). At the same time, companies´ customers demand a higher trust, traceability and security of their products and/or services. And blockchain is the ideal technology to achieve it. However, the necessary solutions to achieve this have high implementation costs and top cloud platforms aren’t accessible to most companies (especially SMEs).  As a result, adopting blockchain is risky, expensive and difficult, and with problems about scalability, usability and interoperability.

In context, a Spanish SME, founded in 2019 and specialised in blockchain, has developed a solution aimed to cover the existing gap between business organizations and blockchain technology offering this technology as a service, through Application Programming Interface (API) and use cases available ready to be used in "turnkey" mode.

This solution makes possible companies' digital transformation thanks to a low-code platform, that allows companies to add blockchain use cases to their business processes without worrying or knowing anything about blockchain.

This solution accelerates the creation of high-impact business applications, providing tools to implement transparent and automated processes, giving security and certified evidence of the data, minimizing efforts and costs. Furthermore, it provides low-code tools that add certification and traceability to the data, in the simplest way and without worrying about programming/developing blockchain.
This solution provides an intuitive and simple user interface for all participants in the process. Furthermore, it also provides turnkey solutions built over it, that showcases the extensive capabilities of blockchain for use cases related with certification and traceability.

Some features of the solution depending on the sector targeted are:
• Pharma and agrifood: Provenance and properties certification of products. Manufacturers and distributors can have detailed traceability of products at the unit level, solving current problems such as inventory management, parallel trade or incidents identification.

• Retail and manufacturing: “End-to-end” supply chain geolocalized traceability of products. This solution allows digital certification of the product’s origin through blockchain technology, making the supply chain more secure, reliable and efficient.

• Insurtech and legaltech: Automated notifications of legal breach using smarts contracts. It solves the need of a trusted third party and automates processes associated with the signing of documents. Improves the signing experience from any device and without complications.

The company is looking for new international opportunities and increase its collaborations. Therefore, the aim of the company is to reach license agreements with ICT integrators willing to commercialize this technology on a specific market.
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Advantages and Innovations

Unlike other similar solutions on the market, this one allows to make blockchain technology accessible and easy for every organization.  The following innovations make this solution stand above the rest:

• Quick and easy-to-use access for all types of developments.
• API in continuous development of robustness and functionalities.
• The technology is offered as a service through APIs to non-expert programmers

This is an industry agnostic and multi-chain platform, built from the ground up, with robust smart contract facilities. This open platform exposes a suite of APIs that allow innovators across industries and geographies to develop lightweight, lightning-fast, secure, and auditable transaction-based solutions

Stage Of Development

Already on the market

Requested partner

The Spanish company is looking for international ICT integrators, willing to cooperate under license agreement. The role of the partner sought is to commercialise this technology within a defined area, in order to reach potential clients from any sector in need of a blockchain platform for their business processes digitalization.

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