Block.one Debuts Big-Business Version of EOSIO Blockchain

Block.one has released “EOSIO for Business,” an enterprise-focused version of its software.

AccessTimeIconOct 15, 2020 at 1:00 p.m. UTC
Updated Sep 14, 2021 at 10:09 a.m. UTC

Block.one, the company behind the multibillion-dollar-backed EOS ecosystem, has its sights locked on the enterprise blockchain space.

Announced Thursday, Block.one has released “EOSIO for Business,” an enterprise-focused version of its software featuring Blockchain-as-a-Service (BaaS), consulting, technical support and training and certification programs, the company said.

Blockchain cloud services can offer businesses a quick and painless way to spin up digital ledgers on their preferred cloud computing platforms. 

“Despite knowing the inherent benefits that blockchain will deliver to their business operations, many in-house product engineering teams are wary of the complexity involved in setting up and administering their own blockchain,” said Block.one Chief Operating Officer Ted Cahall in a statement. 

It’s commonplace for enterprise blockchains to team up with cloud providers; Ethereum-based Quorum’s long association with Microsoft Azure is a good example. While Block.one was buoyed by recent news about Google Cloud joining EOS and providing infrastructure support, the enterprise BaaS offering will be using Amazon Web Services, a Block.one spokesperson confirmed.

Enterprise blockchain has continued chugging along quietly, dominated for the most part by the big three: Hyperledger, enterprise Ethereum, and the R3 Corda community.

However, the enterprise space appears to be pastures green as far as the EOSIO software community is concerned. While the public EOS blockchain has been beset by governance issues, EOSIO programmers in places like Costa Rica and Argentina are focused on established businesses. For example, EOS Costa Rica beat off competition from the likes of Hyperledger to win a blockchain deal with global accountancy firm Grant Thornton back in May of this year.

Over the summer, LatamLink, the EOSIO Latin American contingency, fielded an audacious bid to provide blockchain support to LACChain, a blockchain framework that has the backing of the Inter-American Development Bank (IDB) and a host of public and private entities across Latin America and the Caribbean. (LACChain had previously been courted exclusively by Ethereum development group ConsenSys.)

Block.one’s business credibility will also get a shot in the arm thanks to the advisory appointment of former Goldman Sachs executive Martin Chavez, previously chief financial officer at the Wall Street investment banking powerhouse.

Chavez, an expert on algorithmic trading and big data analytics, said in a statement:

“I’m looking forward to being an outside point-of-view for Brendan and his team while promoting a deeper understanding of the potential that blockchain offers to industries aiming to evolve their digital transformation.”

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC