Global bitcoin payment service provider BitPay has revealed a commercial partnership with blockchain technology provider Bloq, in an announcement.
The partnership will see Bloq provide enterprise-grade implementation and support services for companies using BitPay’s open-source full node and development platform, Bitcore.
Bloq will also begin offering Bitcore in its BloqEnterprise product offering, which will enable companies get all the functionality of Bitcoin and a full Bitcoin node, in addition to “native utilities and intuitive Node.js libraries” to help extend Bitcoin’s functionality.
Furthermore, services and companies that use Bitcore can also make direct function calls to the bitcoin blockchain, a press release revealed. Bitcore’s product also enables companies to create new blockchain-based services such as creating digital assets and tokens as well as authenticating and timestamping digital contracts trustlessly.
One of the prominent applications for Bitcore is its Wallet Service, which is explained as:
[T]he Bitcore Wallet Service (BWS), which allows bitcoin wallets to query the Bitcoin blockchain at speeds up to 20 times faster than json-RPC API calls. BWS is an enterprise wallet