Blockdaemon, an enterprise blockchain infrastructure provider, recently announced that it has raised $28 million in a Series B funding round. The investment will scale up the company’s enterprise blockchain infrastructure, making it a major player in the enterprise blockchain market.
This article will explore Blockdaemon’s solutions, recent developments, and future growth potential in the enterprise blockchain infrastructure space.
Blockdaemon raises $28M to scale up enterprise blockchain infrastructure
Blockdaemon is a company geared toward providing a comprehensive, end-to-end blockchain infrastructure for enterprise users. Using its platform, Blockdaemon simplifies and offers methods to quickly deploy and manage blockchain node infrastructure while reducing costs. With an extensive network of Partner Nodes spanning the globe, Blockdaemon enables developers and enterprise users to ensure secure access with maximum uptime. In addition, this Network unlocks advanced capabilities such as real-time consensus support, accelerated blockchain adoption in regulated environments, immutable records compliant with industry standard regulations across nodes, decentralized SmartContracts and (oracles) plugged into analytics stream.
The impetus behind Blockdaemon’s mission stems from the fact that many enterprises find it difficult to adopt blockchain technology due to the complexity of existing dedicated toolsets and high initial investments in setup costs in setting up reliable node architectures on one or more target networks. As well as encouraging more people to join the growing ecosystem that helps sustain innovation over varied use cases.
By embracing technological advancements such as Secure MultiParty Computations (SMC) within its architecture framework, Blockdaemons leverages Linear Gradient accelerators for decentralised privacy-preserving learning mechanisms. As well as multi-byte address generation from Automated Key Generation (AKG), Private Transactions Authority (PTA) Mechanism & Digital wallet formation Powered by trusted Execution Environments( TEE). This allows it to provide customers with a flexible range of implementation capabilities coupled with 24/7 service availability tailored to individual needs without compromising on scalability or functionality.
Summary of Blockdaemon’s recent funding round
Blockdaemon, a leading provider of digital infrastructure solutions for enterprise blockchain networks, recently reported closing an additional Series A round of funding. The investment was led by Berlin-based VC firm Hoxton Ventures and included participation from existing investors including Digital Currency Group, Blockchain.com Ventures, Heavybit Industries, and E15 Ventures. The funding will help Blockdaemon expand its product features and support global team growth.
The new financing brings the total amount raised to date by Blockdaemon to $22 million. This capital infusion comes at an exciting time for the industry: recent research indicates that enterprise blockchain deployments are growing at an unprecedented rate due to the advantages these technologies offer in terms of speed, scalability, security and data integrity; with Blockdaemon’s tools, businesses can take advantage of these benefits quickly and easily.
Blockdaemon CEO Konstantin Richter commented on the news: “Our vision is to make launching distributed infrastructures more accessible than ever before while providing unparalleled service.” He added, “With this new investment we can continue our development efforts while allowing more organizations to turn digital transformation into a competitive edge.”
Demand for distributed infrastructures has been driven by abundant digital assets across multiple industries – financial services, logistics, gaming & media – and increased trade finance activity throughout global supply chains. With a platform like Blockdaemon powering its products and services, companies can easily build decentralized applications across multiple protocols.
The Future of Blockdaemon’s Enterprise Blockchain Infrastructure
Blockdaemon, a blockchain infrastructure provider, recently raised $28M to help scale up its enterprise blockchain infrastructure. This move speaks to the growing demand for enterprise-grade blockchain solutions that enable scalability, reliability, and security.
In this article, we’ll look in-depth at the future of Blockdaemon’s enterprise blockchain infrastructure and discuss how it’s positioned for success in the years ahead.
Expansion of Blockdaemon’s services
Blockdaemon is a cutting-edge blockchain infrastructure provider set to become a leader in enterprise services. Blockdaemon’s primary mission is to provide enterprises with the tools they need to become more efficient and successful, while allowing them to take advantage of the new possibilities that blockchain technology presents.
Blockdaemon’s services are available for Bitcoin, Ethereum, and Hyperledger Fabric. These core services include secure node hosting, automated VPN setup and management, and advanced monitoring and analytics capabilities. However, shortly Blockdaemon plans to expand their range of services by adding support for additional blockchains such as R3’s Corda, Multichain, BigchainDB and EOS platforms.
Adding support for these blockchain platforms will give enterprises more flexibility when selecting the right platform for their needs. By expanding implementation possibilities beyond just Bitcoin and Ethereum networks, Blockdaemon can offer tailored solutions designed specifically with each enterprise’s needs. This will be especially useful for customers looking for permissioned-based networks like Hyperledger or R3’s Corda.
Expanding their service offerings to include blockchains will help the company further cement itself as a leader in enterprise blockchain infrastructure solutions worldwide. With an ever-increasing demand from businesses across various industries it is clear that Blockdaemon has its sights firmly set on becoming one of the industry’s top providers with continuous innovation at its heart.
Blockdaemon’s focus on enterprise blockchain
Blockdaemon is committed to helping large enterprises embrace blockchain technology and designing a focus on enterprise-grade infrastructure. As businesses worldwide become increasingly digital, enterprises require solutions leveraging the latest technologies’ power and potential. Blockdaemon’s enterprise blockchain solutions are designed to reduce the complexity and cost of managing the infrastructure required for initiatives such as distributed networks, multicloud contracts, digital asset transactions, and private consortiums.
Blockdaemon simplifies deployment planning, orchestration and management to offer enterprise teams access to diverse technologies such as Hyperledger Fabric or R3’s Corda platforms, enabling them to quickly build secure applications on public or private networks. Through its API-enabled infrastructure solution paired with its suite of compliance tools like KYC checks integrated into each customer deployment process — enterprises get best-in-class security from development through deployment phases of their projects.
Blockdaemon is also committed to helping bridge legacy systems with innovative distributed ledger technology (DLT) solutions so businesses can move away from manual processes and automate core tasks traditionally done by hand. This helps ensure all transactions made across different departments within a company are recorded efficiently and accurately for all stakeholders securely, reducing chances for errors or fraud. The future is ours!
Blockdaemon’s strategy for scaling up its infrastructure
Blockdaemon is one of the leading providers of enterprise blockchain infrastructure, offering an easy and secure way to deploy blockchain nodes. To ensure its future success and sustainability, Blockdaemon is continually innovating and investing in scaling up its infrastructure to ensure it can provide customers the best products and services.
Its strategy for scaling up includes:
- Continuously improving its software platform to offer the latest technologies and features such as permission-based access control, integrated identity management through LDAP, intelligent node orchestration, rolling upgrades for multi-node deployments, secure logging with key management support, etc.
- Making its services available on third-party cloud infrastructures gives customers more choices when deciding where they want to deploy their nodes.
- Enabling clients to benefit from collaborations with other providers such as Microsoft Azure or Amazon Web Services. In this way they avoid vendor lock-in while still enjoying the benefits of using a fully managed service provider like Blockdaemon’s enterprise blockchain infrastructure.
- Integrating with existing tech stacks to offer complete end-to-end solutions. This means integrating tools like monitoring services or logging libraries that companies are already used to working with into their Node deployment process so that users receive a more comprehensive package than just running individual node instances.
By investing in actively scaling up its infrastructure and improving itself continuously through new features and integrations with existing technologies, Blockdaemon strives at all times towards offering compelling infrastructure solution suites which combine both cost efficiency and advanced security levels while also allowing customers to benefit from economies of scope made possible by sharing resources across multiple deployments.
What This Means for Enterprises
With Blockdaemon’s recent investment of $28 million to scale up their enterprise blockchain infrastructure, enterprises worldwide can now benefit from modern blockchain infrastructure solutions.
In this article, we’ll look at the implications of this move for businesses, and what it could mean for the future of enterprise blockchain technology.
Benefits of using Blockdaemon’s infrastructure
Blockdaemon’s enterprise blockchain infrastructure enables organizations to launch and manage multiple nodes across many different networks, while providing the highest possible uptime and usability. Enterprises benefit from using Blockdaemon in several ways, including:
-Accessing an integrated experience across a suite of networks: Blockdaemon brings together a network of premier cloud and decentralized technologies, providing agility, scalability and support in quickly launching nodes on individual or multi-network architectures.
-Enabling rapid API integration: With an easy-to-use API suite, organizations can integrate applications faster while leveraging smart contract functionality to create tokens and write business logic.
-Greater control over data and services: By leveraging the distributed nature of blockchain technology, enterprises can gain greater control over their data and services with the added assurance that interactions are securely safeguarded on the network layer.
-Reducing time to market for innovative products: Using Blockdaemon’s reliable infrastructure has proven to reduce time to market for new products by significantly speeding up onboarding processes. Additionally, Blockdaemon provides pay per use pricing so enterprises can easily adjust resources based on anticipated usage or desired level of performance.
Utilizing Blockdaemon’s enterprise blockchain infrastructure allows businesses to select the right strategies for their project goals without worrying about additional technology considerations or security risks. With standardized protocols across different cloud providers and access to instant nodes powering secure distributed systems – granted with full control – businesses take advantage of this tailored experience while obtaining assurance that only best practices are being applied.
How enterprises can leverage Blockdaemon’s infrastructure
Blockdaemon offers a comprehensive suite of tools and cloud infrastructure for the enterprise blockchain. From end-to-end decentralised infrastructure management to node deployment, monitoring, IP profiling and analytics, Blockdaemon brings together a unique combination of capabilities that enable enterprises to quickly deploy and maintain their blockchain networks without any prior blockchain experience.
With this infrastructure in place, enterprise customers can benefit from faster, more reliable transactions and access to real-time analytics about their network health. Blockdaemon’s cloud infrastructure is also designed for scalability, enabling businesses to easily add nodes or expand their network as needed.
Enterprises can leverage Blockdaemon’s infrastructure in four primary ways:
1. Node Deployment: Blockdaemon makes it easy for enterprises to deploy nodes on different blockchains in a repeatable fashion. This helps ensure that nodes are connected consistently across the network, no matter how often they are reinstalled or moved to different locations.
2. Network Monitoring: With built-in monitoring tools and alerts powered by AI/ML technology, enterprises can keep track of node performance in real-time with pinpoint accuracy. This helps them identify potential issues before they affect the overall network performance or outage.
3. IP Profiling & Analytics: By understanding how IP addresses in their networks interact, enterprises gain valuable insights into the efficiency of the underlying code powering their blockchain deployments – which helps them make informed decisions on managing costs and optimizing resource utilization over time.
4. Network Upgrade & Maintenance Automation: Typical upgrades for enterprise networks can be complex and expensive operations that take days – if not weeks – depending on the size of the managed network. Blockdaemon’s upgrade automation capabilities enable businesses to manage these operations remotely, reducing downtime, optimizing node uptime, and making their networks more secure.
Conclusion
Blockdaemon’s enterprise blockchain infrastructure has a bright future ahead. Their recent Series B funding round of $28M shows that the investors have faith in their technology and the potential of enterprise blockchain infrastructure. With the availability of their technology, businesses can now enjoy scalability, security, and cost savings from moving their operations to the blockchain.
This article will conclude with a look at some potential applications of Blockdaemon’s enterprise blockchain infrastructure.