One Network Delivers New ONE Chain™ Solution – Enables Customers to Transact with Trading Partners Over the Blockchain
DALLAS, Oct. 12, 2017 /PRNewswire/ — 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. 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.
Greg Brady, CEO and Founder of One Network commented, “With the ONE Chain solution, we are providing our customers the ability to transact with over 60,000 trading partners over the blockchain. They will be able to transact directly or in an orchestrated manner, which will enable new and exciting supply chain business models and processes to emerge. The first of these will make sophisticated chain-of-custody possible.”
“Traditional blockchain approaches make many compromises around confidentiality, performance and onboarding,” said Ranjit Notani, CTO and Co-Founder of One Network. “Our new ONE Chain solution overcomes these compromises, and allows game-changing multi-party blockchain apps to be built while making them available to existing trading partners on the RTVN network.”
Learn more about how blockchain revolutionizes the supply chain.
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About One Network Enterprises
One Network is bringing the network to connect companies and their entire ecosystem, to serve the customer. Founded in 2002, One Network offers patented solutions to multi-party business, including supply chain management. One Network’s cloud platform, the Real Time Value Network™, eliminates the traditional divide between planning and execution and provides visibility and enables data to flow across the entire value chain of business partners – in real time. Additionally, One Network offers PaaS solutions and developer tools that allow organizations to design, build and run multi-party applications. Leading organizations from around the world from nearly every industry have joined One Network, helping to transform industries from CPG, Healthcare, Automotive, Retail, Logistics and Public Sector and Defense. Headquartered in Dallas, One Network also has offices in Japan, Europe, and India. For more information, please visit www.onenetwork.com.
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SOURCE One Network Enterprises