Blockchain is NOT Bitcoin! – cloudyBoss dispels the modern myth

Company Name: cloudyBoss

Announcement Date: 12/07/2018
Announcement Category: Other
Announcement Content:

Blockchain. The very sound of it spells dull. Popular culture would probably like to stifle a yawn and dismiss it as the equivalent of having reinvented a new accounting system or type of mathematics.

Bitcoin, on the other hand, with its new-world currency, or the ethereal Ethereum where ICO (Initial Coin Offerings) are creating boom and bust stories of goldrush proportions, sounds sexy!

However amidst the hype and volatility, 92% of cryptocurrency ICO’s fail.

So where’s the middle ground? What’s the truth about Blockchain? And how can it be used for good? Can it be used in business, today?

Blockchain innovators, cloudyBoss, steps in to dispel the myths and presents its own fully developed real-world enterprise-wide solution.

Blockchain, in its simplest form, is an electronic distributed ledger of records. These records could represent a transaction, an exchange of money, an exchange of digital assets or electronically and immutably sealed terms between parties, such as with smart contracts.

Records or transactions are bundled into blocks that are chained together. It makes any data compiled in this manner immutable, with the added security of distribution and redundancy. This, in turn, ensures the record can be trusted and verified in a decentralised manner.

The level of interest in Blockchain and its DLT (Distributed Ledger Technology) corollary have risen dramatically for the past few years, fuelled by a greater understanding of its many use cases, and a growing need for more privacy, safety and confidentiality safeguards at a time of pervasive breaches in sharing environments.

The cloudyBoss solution highlights the true value of Blockchain – a platform for Enterprise that facilitates trust between parties.

The cloudyBoss blockchain protocol, SKYE, offers a permission-based DLT cluster facility. cloudyBoss clients can create any number of DLT clusters, or multistage automated smart-contracts, each scalable to an unlimited number of permissioned nodes, or signatories, all in seconds.

These secure permissioned SKYE clusters can be used to safely exchange or record data between any number of independent parties.

About the cloudyBoss SKYE technology, CTO, Giovanni di Noto stated: “Our extended Enterprise (ERP-X) solution, called NEXT+, includes all the features and functions found in traditional ERPs in addition to embedded AI, ML, DL and IoT technologies; it is designed both technically and commercially to empower any organisation, no matter its size, to operate globally and access any of the latest commercial, digital and operational models.”

“Our Blockchain (DLT) solution has been six years in development, built from the ground up and completely incorporated into NEXT+ at its very core“

“It is code-less, scale-neutral and can handle thousands of transactions per second (TPS). No technical skills are required. In fact, it takes less than a minute to create a secure ring.

CEO Lou Schillaci continued: “Blockchain is an invaluable development in the internet economy, but the news about it has mostly centred until now around failed cryptocurrencies and this instability understandably makes some Enterprise clients nervous.”

“However, Bitcoin and other Crypto Currencies are merely one linear example of the use of Blockchain technology.”

Organisations new to DLT and those already well-versed with other protocols are attracted to SKYE for its simplicity, immediacy, and future-proof attributes, such as multi-chain and post-quantum DLT.

The cloudyBoss team have recently returned from DeepDiveWeek and BlockForum in Lithuania, where the company was one of 15 selected from around Europe to participate in leading-edge conversations about Blockchain and DLT.

cloudyBoss ( a privately owned, award-winning, globally distributed technology organisation backed by IBM through its Global Entrepreneurs Program. cloudyBoss’ technology challenges the way we work and frees organisations from old world constraints: it does this by equipping all manner of businesses with tools that allow them to thrive in the new global order.

cloudyBoss baseline product, NEXT+, a cloud-based Extended Enterprise Resource Platform (ERP-X) encapsulates Artificial Intelligence, Distributed Ledger Technology, Machine Learning, Internet of Things, and scale-neutral data nodes. Built and continuously evolving using agile software methodology, cloudyBoss products solve today's complex business challenges of disruption, automation, security and productivity gaps by equipping even the smallest business with the tools to compete globally.


For further information

Claire Linley Lou Schillaci
[email protected] [email protected] |Telegram @cloudyBoss

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About cloudyBoss:

cloudyBoss is an award-winning developer of enterprise software that manages business operations and processes for 21st-century entities of all sizes. Apart from software, cloudyBoss’ innovations also extend to business transformation programs and internal business processes such as the APEASE which encapsulates the ‘royalty-based’ relationship between cloudyBoss and parties to which it is connected.

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