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Blockedge Technologies Inc. launches its 'Plug & Play' BaaS Platform for Automotive and Supply Chain Markets

Posted On: 2021-10-21 16:48:51 (Time Zone: IST)

Blockedge Technologies Inc., USA ("Blockedge" / the "Company") a subsidiary of SecureKloud Technologies Limited announced the launch of its Blockchain Network Management Platform.

IDC is expecting enterprise blockchain spending to reach $6.6B this year, but the adoption has its own share of challenges. Identifying and agreeing on the correct use case, ability to build and deploy scalable networks, integration with existing IT systems, and high-availability network maintenance are some of the blockchain adoption challenges faced by the industry leaders.

Blockedge provides a simplified plug-and-play Blockchain-as-a-Service (BaaS) platform that stands in contrast with built-from-scratch manual solutions. The Blockedge platform entails zero-coding, facilitates the generation of iterative dApps, provides multi-cloud and multi-chain support. Powered by its UI-driven Blockedge Network Manager, the platform enables advanced automation and is set to accelerate business transformation for companies and consortiums alike.

Speaking at the launch, Kumar Guru, Chief Growth Officer at Blockedge, said, "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. The technology will evolve tremendously in the next couple of years, and Blockedge is fully geared to play a critical role in addressing the challenges that enterprises face."

According to MarketsandMarkets analysis, the global automotive blockchain market is projected to grow from $350M in 2020 to $5.29B by 2030 at a CAGR of 31.19%, and the global manufacturing & supply chain market is expected to grow from $253M in 2020 to $3.2B in 2026 at an impressive CAGR of 53.2%.

Raghav Rao, Head of Presales at Blockedge, added, "We are known for simplifying and delivering cloud adoption, and blockchain is a natural progression for us. Our platform - Blockedge - is purpose-built to ensure seamless blockchain adoption with zero-coding efforts. With our vast cloud expertise, we are the one-stop-shop to explore and deploy multicloud and multi-chain networks, and excited to launch the platform for our customers, to abridge the trust gap over business transactions."

Shares of SECUREKLOUD TECHNOLOGIES LIMITED was last trading in BSE at Rs. 170.80 as compared to the previous close of Rs. 187.45. The total number of shares traded during the day was 48091 in over 1361 trades.

The stock hit an intraday high of Rs. 189.25 and intraday low of 170.00. The net turnover during the day was Rs. 8498867.00.

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