by Angela Guess

A new press release reports, “One Network Enterprises, the global provider of multi-party digital network platform and services, today announced ONE Chain, a new solution that empowers trading partners to fully harness the power and potential of blockchains. ONE Chain allows organizations to build and deploy sophisticated, highly scalable supply chain and other multi-party blockchain applications on top of the blockchain. ONE Chain 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.”

The release goes on, “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 Chain Apps. Agnostic to underlying blockchain technology such as Ethereum or Hyperledger Fabric. Allows for flexibility in this rapidly evolving space.”

Read more at PR Newswire.

Photo credit: One Network