Chennai: Blockedge Technologies launched its plug-and-play Blockchain-as-a-Service (BaaS) platform for the automotive and supply chain markets. With this new BaaS platform, Blockedge is eyeing the global automotive blockchain market, estimated to grow over $5 billion by 2030.
The global automotive blockchain market is projected to grow from $350 million in 2020 to $5.29 billion by 2030 at a CAGR of 31.19%. While, the global manufacturing and supply chain market is expected to grow from $253 billion in 2020 to $3.2 billion in 2026 at a CAGR of 53.2%, as per MarketsandMarkets analysis.
IDC is expecting enterprise blockchain spending to reach $6.6 billion in 2021, but the adoption has many challenges and factors in this present scenario.
Blockedge Technologies, a subsidiary of SecureKloud Technologies provides a simplified plug-and-play BaaS platform. It entails zero-coding, facilitates the generation of iterative Dapps (decentralised apps), and provides multi-cloud and multi-chain support.
With its UI-driven Blockedge Network Manager, the platform enables advanced automation and accelerate business transformation for companies and consortiums alike.
According to Blockedge ‘s Chief Growth Officer (CGO) Kumar Guru, blockchain technology with its inherent security, trust, and transparency capabilities, enables companies to collaborate and solve shared challenges.
“But successful adoption depends on careful implementation. And Blockedge is well-positioned at the vanguard – assisting companies to adopt trust and accountability by design,” added Guru.
The technology will evolve tremendously in the next couple of years according to Guru. “Blockedge is fully geared to play a critical role in addressing the challenges that enterprises face,” he said.
“We are known for simplifying and delivering cloud adoptionand blockchain is a natural progression for us. Our platform — Blockedge — is purpose-built to ensure seamless blockchain adoption with zero-coding efforts,” said Raghav Rao, Head of Presales, Blockedge.
“With our vast cloud expertise, we are the one-stop-shop to explore and deploy multi-cloud and multi-chain networks, and excited to launch the platform for our customers, to abridge the trust gap over business transactions,” added Rao.