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V2 BlaaS (Blockchain-As-A-Service)

The V2 BlaaS

V2’s BlaaS is a comprehensive infrastructure designed to deploy and manage a variety of blockchain applications. It transcends cloud, portal, and framework boundaries with the aim of revolutionizing the high cost associated with developing and deploying blockchain applications. By providing public resources and interoperability environments akin to the internet, we dramatically cut the costs of development, deployment, operations, maintenance, and regulation of blockchain applications, thereby accelerating the development and universal adoption of blockchain technology.

Platform-as-a-Services

Current Challenges in the Blockchain Landscape

 Development, deployment, and management of blockchain applications are expensive and complex.

Blockchains usually operate independently on different servers or clouds.

Diverse underlying structures and frameworks lead to incompatibility issues.

There’s a shortage of experienced blockchain developers.

Permissioned Blockchains

Permissionless Blockchains

Interchain

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Capabilities

Purchase BlaaS Resources

Generate Projects And Keys for Connection to Public Chain Nodes

Manage Permissioned Chains

Update Smart Contracts

Handle Off-Chain System Access

Utilize Interchain Services

blochchain-Structure

The V2 BlaaS Structure

  • Operation & Maintenance
  • Cross-chain Training & Development for Developers
  • Dapp Contract Development & Deployment
  • Developer Framework Training
  • Cloud Resource
  • An application-agnostic solution that is highly extensible

Savings with V2 BlaaS

  • An annual cost reduction of 45% overall
  • A 66% saving on developer training and operations/maintenance
  • An 89% reduction in the development cost of cross-chain services

Example Scenario

  • 20 permissioned Dapps on an intranet with one public chain node and one shared permissioned node
  • Each Dapp/chain has three peer nodes
  • Dapps developed and deployed on Fabric (5), Quorum (7), and Corda (8)
  • Dapp configurations: TPS = 10, disk capacity = 500G, identical data usage across both scenarios
BlaaS-Structure

BlaaS Use Cases

01

Copyright Protection

02

Procurement

03

E-Government

04

Asset Digitalization

05

Supply Chain Finance

06

Supply Chain Management

07

Internet of Things

08

Contract Management

09

Digital Evidence

10

Agricultural Product Traceability

11

Healthcare

12

Non-Profit

Benefits of V2 BlaaS for Businesses

01
Trust
Fosters trust among participants who may not know each other.
02
Decentralized structure
Facilitates real-time data sharing among businesses like suppliers and distributors, reducing potential weak points.
03
Enhanced Security and Privacy
Creates an unalterable transaction record with end-to-end encryption, mitigating fraud and unauthorized activities.
04
Cost Efficiency
Streamlines processes by reducing manual tasks such as data aggregation and amendment, and simplifies reporting and auditing.
05
Speed
Eliminates middlemen, enabling faster transactions compared to traditional methods.
06
Visibility and traceability
Tracks the origins of various items like medicines to verify their legitimacy, and organic items to confirm their organic nature.
07
Immutability
Ensures transactions can't be altered or deleted.
08
Individual control of data
Empowers entities to decide what digital data to share, with whom, and for how long, with limits enforced by smart contracts.
09
Tokenization
Converts the value of an asset into a digital token that can be recorded and shared via blockchain. Non-fungible tokens can be used to sell digital art.
10
Innovation
Industry leaders across various sectors are exploring and implementing blockchain-based systems to address stubborn problems and improve longstanding cumbersome practices, such as verifying information on a job resume.
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Key Benefits

Manufacturing

Materials provenance, asset tracking, quality assurance

Energy

Renewable energy certificates tracking, immutable record of mineral rights

Insurance

Simpler and faster claims management, reduced administrative costs

Supply Chain

Improved transparency, traceability, and fraud mitigation

Finance

Verification and transfer of financial information and assets

Healthcare

Unified patient data, drug traceability, and data security

Retail

Better inventory management, faster settlements, and less paperwork

Government

Streamlined and secure public record-keeping and verification functions

Wide Array of Blockchain Use Cases Beyond Digital Currencies and Payments

Wide Array of Blockchain Use Cases Beyond Digital Currencies and Payments

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Significant Blockchain Spending Growth in the Enterprise

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