We all know that the blockchain era started when an unknown entity named Satoshi Nakamoto published a paper in 2008, which was later implemented and released as Bitcoin - the decentralized digital currency. Since then, the underlying technology has evolved over the years and was proved to be one of the best solutions for converting assets to digital entities that can be assigned with an owner, transfer ownership, write rules on when a certain transfer can happen with the help of smart contracts - all of which are happening decentrally in a tamper-proof manner without the involvement of a central authority. This process of converting real life assets into tamper-proof digital entities (called tokens) is called Asset Tokenization.
Asset tokenization indeed is a great use case for blockchain that can be applied to multiple industries to reap out many benefits from saving costs to saving time. Although, for industries to adopt this, they have to cross the barrier of the complexity of developing fool-proof smart contracts and running production-ready, fault tolerant blockchain networks and those on top of highly available, scalable and fault-tolerant infrastructures.
Here at Spydra, we aim to break that barrier and make blockchain and Asset Tokenization ever so easier to adopt. We have developed a Blockchain-as-a-Service platform for Asset Tokenization using which production ready blockchain networks along with smart contracts can be deployed by anyone without needing much technical knowledge and with ease. Developing a production-ready blockchain solution from scratch typically would require months of development time but with Spydra, it only takes minutes!.
That solves one part of the problem. Another part is being able to integrate the deployed blockchain solutions to existing systems with ease. Spydra also provides an out of the box API gateway with GraphQL support, which makes it a lot easier to integrate with blockchain solutions. A full stack or backend developer can perform the integration without needing to understand blockchain at all. It will appear as if they are interacting with a regular API server. Spydra also allows users to create event listeners which can be utilised to monitor the blockchain network.
The third part of the problem is writing smart contracts. Spydra provides an out of the box generic Asset smart contract, which can be configured as per the use case from the UI itself, without needing to write a single line of code! So, with Spydra, Asset tokenization with blockchain at scale has become easier than ever!
Spydra utilizes some of the well known tools from the open-source community such as Kubernetes, Jenkins, Ansible, Kafka, Hashicorp Vault to name a few.
We have adopted and repurposed Hyperledger Bevel, which is another open-source blockchain automation tool under Hyperledger umbrella.
The following are the list of modifications we have done to Bevel to make it it fit onto Spydra:
Changes for Hyperledger Fabric deployment:
Bevel requires the underlying infrastructure and dependent services to be already present to be able to deploy blockchain networks on them. This includes:
1. A Kubernetes cluster
2. Hashicorp Vault for storing blockchain related crypto materials securely
Spydra creates these infrastructures / services on cloud before deploying blockchain networks with Bevel. Apart from that, Spydra also creates and uses Kafka clusters to improve the reliability of blockchain transactions and API services for blockchain networks.
If you want to learn more, we would love to connect with you. You can reach out to us at support@spydra.app or explore our app by Signing up here.
