The Syscoin project recently announced the formation of a company entity called Blockchain Foundry. The newly created Foundry will work with blockchain technologies including Bitcoin, Lisk, Ethereum, and Syscoin itself. The project team also revealed its first commercial product, an ecommerce platform called Blockmarket.
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What Blockchain Foundry Will Do
The Syscoin team has established a blockchain solutions platform for individuals and institutions. Blockchain Foundry will offer products that are designed to be interoperable between a variety of blockchains.
The Foundry’s initial offering will be an ecommerce platform running on top of the Syscoin network. The project developers claim it will enhance relationships with retailers and consumers by decreasing listing costs. The company also states Blockmarket will also feature “100% uptime and state-of-the-art security.”
The Syscoin blockchain is the Foundry’s first creation. Syscoin is also a member of the Microsoft Azure Blockchain-as-a-Service (“BaaS”) platform Azure, a toolkit that allows companies to test aspects of blockchain technology – such as smart contracts – on their systems in a protected environment.