Blockchain technology is set to pave the way to bridge companies, industries and economies with transparency, trust and security. It also pushes automation to unprecedented levels in the enterprise value chain. It promises a wide array of use cases, which can transform enterprise operations, as well as instil accountability in business processes. In order to adopt Blockchain at an enterprise-wide scale and apply it in the context of internet scale applications – massive scalability is required. PL's state of art of enterprise blockchain technology is designed to deliver high throughput for blockchain-related transactions.
Blockchain platform provides Blockchain-as-a-Service functionality (BaaS), which is a ready-to-use platform for enterprises so that they can unlock new business models and avail benefits of a Blockchain platform in a quick & hassle-free way. Blockchain and Distributed Ledger Technology (DLT) provides assurance, trust and reliability to any business use case by using smart contracts and consensus techniques. Using these techniques, enterprises can connect and integrate any business modules together. Various IoT devices/sensors can be integrated with blockchain system to leverage immutability and trust assurance that DLT provides.
Blockchain Platform supports cross-industry use cases and is ready to be interoperable with other blockchain platforms and legacy software systems that exist with enterprises today, thus increasing platform adoption. The platform has been built keeping the needs of real-world applications of enterprises at the fore-front, such as privacy, trust, transparency and scalability.