The Silicon Review
With enterprises aiming for bigger markets with new business models adhering to government regulations, partner credibility has gained more importance. This makes it mandatory for a B2B integration product to provide features in the areas of security, data transparency, self-service, partner collaboration, custom query/reporting, operational analytics, audit readiness and industry regulatory compliance. The best way to scale the existing B2B products to provide the above-mentioned features is by leveraging technology trends like Cloud hosting, API Integration, blockchain, etc. This will counter the risk of a full-fledged migration to another product, cuts the associated costs, and ensures smoother business-as-usual operations. With blockchain, transparency, auditability and visibility is enabled to all participants in a supply-chain network. This will eliminate the need for functional acknowledgements. It will also safeguard the sequence of the transactions in a particular business process. Furthermore, new transactions will be validated in real-time by smart contract rules, which would reduce or maybe eliminate any exceptions altogether.
BlockSpaces offers a B2B integration platform (iPaaS/BiPaaS) that connects business applications to blockchain networks (public and private) through managed Web3 infrastructure, no/low code workflows and robust performance analytics. The company’s founders have deep roots in the global blockchain ecosystem since 2013 and remain actively involved in both legislative and community affairs that impact the technology through their work with the Florida Blockchain Business Association. The core team aligns innovative blockchain expertise with decades of enterprise software and infrastructure experience. With a wide range of technology partnerships and industry associations, BlockSpaces is known as a trusted source and market leader in blockchain integration.
Offering Robust Blockchain Integration Services
Bitcoin Investing and Payments: Blockchain-based EDI transactions allow users to control their data through private and public keys, allowing them to own it. Third-party intermediaries are not allowed to misuse the data they have access to. Hence, data coming out from a blockchain can be trusted. Many Bitcoin wallet providers provide a less-than-favorable exchange rate between Bitcoin and USD. You may not pay fees directly, but you may receive less Bitcoin than the current exchange rate would dictate. This hidden fee can be substantial and is difficult to predict. With BlockSpaces, all fees are transparent – and usually less expensive. BlockSpaces is powered by the Lightning Network, a protocol that works on top of the main Bitcoin blockchain. Making a transaction directly in bitcoin is like a wire transfer – it works, but it’s expensive and will take a while to settle. Transacting on Lighting Network is like paying in cash – settlement is instant and it costs next to nothing. nvoices issued through BlockSpaces contain a dynamic QR code that automatically updates to reflect the current price of Bitcoin. You’ll always receive the full USD equivalent for your invoice. Your customers can pay invoices in pretty much the same way they do today: by scanning a QR code with their bitcoin wallet app. They just need a wallet that supports the Lightning Network, like Muun, BlueWallet, Breez, or dozens of others.
Web3 Endpoints: You already know that running your own node infrastructure isn't worth the hassle. Yet other Web3 infrastructure providers force you to select among a short list of protocols. Blockchain platforms are decentralized and this enables decentralization of customer data. This ensures that a data change by an individual party is virtually impossible. As the data is distributed and shared by all parties, addition or change of data is possible only with the endorsement of all parties in the set of nodes. These features make blockchain suitable for a B2B/ EDI trading partner network scenario. BlockSpaces gives you access to more mainnets and testnets than anyone. Plus, the platform puts resources to help you understand each protocol at your fingertips. Usage based billing and user-defined transaction limits mean no surprise service outages. And their globally distributed, mesh-based network provides low latency and redundancy. BlockSpaces is the Web3 infrastructure provider that grows with you and lets you focus on development. No more confusion from dealing with different usage limitations, documentation, pricing models, or reporting metrics from different vendors. Their globally distributed network of nodes ensures low latency, wherever your users are. With capacity for 2B transactions/day limitations are eliminated. Nothing is more frustrating than having your relay traffic turned off without notice. Pay only for what you use, without limits or service interruptions, or define your own usage thresholds to stay on budget. Nothing is more frustrating than having your relay traffic turned off without notice. Pay only for what you use, without limits or service interruptions, or define your own usage thresholds to stay on budget. Access the latest documentation and resources right within your dashboard. Connect directly with their support team and the BlockSpaces user community through their Discord.
Rosa Shores | Co-Founder & Chief Executive Officer