Stratis, the leading Blockchain as a Service (BaaS) platform that makes it easier for businesses of all sizes to adopt DLT has announced a significant development that could potentially make it a formidable force in the enterprise blockchain solutions sector. The platform has received an initial investment along with a commitment for further investments of at least a few million over the next two years from Alphabit –a digital asset investment fund.
The Stratis Platform is known for its ability to provide blockchain solutions that can work seamlessly with the existing IT infrastructure. It achieves this unique feat by making use of the widely used C# programming language to develop blockchain features including smart contracts, multiple sidechains, and even a full-scale ICO platform.
Announcing the news, Stratis CEO Chris Trew said, “We are thrilled to partner with Alphabit, one of the world’s first regulated digital asset investment funds. Alphabit’s initial injection, in conjunction with their further investment commitment, will unquestionably assist in accelerating the adoption of Stratis Technologies, while cementing Stratis as the go-to platform for Microsoft.NET Blockchain development. “
With over a billion dollars’ worth of assets under management, Alphabit has a keen interest in blockchain projects that deliver turn-key solutions. Identifying such projects, the fund not only invests in them but also assists them with end-to-end partnerships and more for sustained growth and expansion. The entry of Alphabit and its digital asset investment fund will enable Stratis to rapidly scale its offerings, allowing mainstream organizations to use blockchain in their day-to-day operations.
In a statement, the CEO of Alphabit Liam Robertson said, “Stratis Protocol, after analysis, fits neatly into our investment thesis and we believe the potential for growth for Stratis to be exponential. We are delighted to welcome Stratis into our portfolio and look forward to supporting them over the coming months and years.”
Some of the products offered by Stratis Protocol include Stratis Identity — A decentralized KYC and AML check solution, Supply Trust – a turnkey solution for transparent and trustless supply chain management, a fully compliant STO Platform for issuing digital securities through token offering, and Stratis Smart Contracts developed in the industry-standard Microsoft C# language.
Alphabit’s initial investment as well as the prolonged commitment to provide additional funds over a period of two years indicates the potential of Stratis to add infinite value to its B2B blockchain solutions. As more companies explore the possibility of implementing decentralized technologies into their operations, Microsoft.NET and C# based blockchain solutions will fit right into their already existing infrastructure and Stratis will make the whole process a lot easier.