New blockchain solution enables customers to build blockchain enabled multi-party apps and transact with trading partners over the blockchain
Dallas, TX, October 12, 2017 —One Network Enterprises, the global provider of multi-party digital network platform and services, today announced ONE Blockchain, a new Blockchain solution that empowers trading partners to fully harness the power and potential of blockchains. ONE Blockchain allows organizations to build and deploy sophisticated, highly scalable supply chain and other multi-party blockchain applications on top of the blockchain.
ONE Blockchain is a new secure, blockchain solution that enables companies to execute sophisticated blockchain-backed processes with their trading partners. The offering brings rich, supply chain orchestration capabilities to the blockchain, which decreases risk, increases efficiency, and greatly simplifies how partners conduct business transactions. Additional key benefits include:
- Overcomes key blockchain compromises around confidentiality and performance.
- Brings the advantages of blockchain technology such as non-repudiability, trust and immutability.
- Reduction in reliance on intermediaries, and support for both orchestrated and direct blockchain-backed processes.
- Easy onboarding for trading partners and access to tens of thousands of existing trading partners.
- ONE’s software development kit can be used by developers to build ONE Blockchain Apps.
- Agnostic to underlying blockchain technology such as Ethereum or Hyperledger Fabric.
- Allows for flexibility in this rapidly evolving space.
Blockchain and the Real Time Value Network (RTVN)
Greg Brady, CEO and Founder of One Network commented, “With the ONE Blockchain solution, we are providing our customers the ability to transact with over 60,000 trading partners over the blockchain. They will be able to transact directly or in an orchestrated manner, which will enable new and exciting supply chain business models and processes to emerge. The first of these will make sophisticated chain-of-custody possible.” .
“Traditional blockchain approaches make many compromises around confidentiality, performance and onboarding,” said Ranjit Notani, CTO and Co-Founder of One Network. “Our new ONE Blockchain solution overcomes these compromises, and allows game-changing multi-party blockchain apps to be built while making them available to existing trading partners on the RTVN network.”
About One Network Enterprises
One Network is the leading global provider of supply chain control towers and the Digital Supply Chain Network™. It is the only available solution that gives supply chain managers and executives end-to-end visibility with a single version of the truth, using one data model, from inbound supply to outbound order fulfillment and logistics, matching demand with available supply in real-time. This multi-tier, multi-party digital platform optimizes and automates planning and execution across the entire supply chain network. Powered by NEO, One Network’s machine learning and intelligent agent technology, real time predictive and prescriptive analytics autonomously enable industry-leading performance for the highest service levels and product quality at the lowest possible cost. Leading global organizations have joined One Network is transforming industries like Retail, Food Service, Consumer Goods, Automotive, Healthcare, Public Sector, Telecom, Defense, and Logistics. Headquartered in Dallas, One Network has offices across the Americas, Europe, and APAC. For more information, please visit www.onenetwork.com