Infoteria (TSE Sec.1: 3853) and Zilliqa announced strategic partnership-Solving the scalability issues of existing public #blockchains to power enterprise #DApps
Tokyo - August 2, 2018 (Investorideas.com Newswire) Infoteria Corporation, a leading enterprise software company in Japan (Listed on TSE Sec.1: 3853) and Zilliqa, a Singapore-based blockchain startup, today announced a strategic partnership to enable enterprise systems to easily utilize Zilliqa's next-generation high-throughput blockchain platform to power enterprise usage and adoption of Decentralized Applications (DApps).
Both companies will promote Zilliqa's new-generation blockchain platform that uses the "Sharding" technology first proposed by the Zilliqa team in an academic paper in 2015. Zilliqa is a new blockchain platform that uses "Sharding" to scale to thousands of transactions per second as the number of nodes in the network increases.
As the first step of the strategic partnership, both companies will promote the Zilliqa platform on ASTERIA - Infoteria's middleware product which has more than 6,500 enterprise customers and 41% market share in Japan. Both companies will also launch a series of initiatives to support the development of enterprise DApps based on the Zilliqa blockchain and ASTERIA later this year.
Zilliqa will develop a special connectivity adapter for ASTERIA data integration, allowing enterprise customers to easily build DApps that will interact with their enterprise systems and the Zilliqa blockchain. Meanwhile, Infoteria will add Zilliqa in the list of Blockchain adoption consulting and promote the high-throughput Zilliqa blockchain through their sales channels.
"We are really looking forward to this strategic partnership", said Xinshu Dong, CEO of Zilliqa. "Japan is an important market for us and we are excited to be partnering with Infoteria, an established player in enterprise software to bring our scalable blockchain technology to a wider audience. It is our hope that with greater scalability and also a more secure smart contract language, more enterprises will experiment and build applications on the blockchain."
"A scalable public blockchain is essential", said Pina (Yoichiro) Hirano, CEO of Infoteria Corporation. "Infoteria has been seeking a wide range of blockchain adoption including non-Fintech applications. We have been waiting for a high-throughput public blockchain that is able to support enterprise applications. It is a great step forward for us to add Zilliqa as a blockchain recommendation to accomplish our future vision."
Zilliqa is a new public blockchain platform for building high-throughput and secure decentralized applications. It brings the theory of "sharding" to practice with its novel protocol that increases transaction rates as its network expands. The latest experimental results demonstrate a throughput of more than 2,800 transactions per second, which is over 200 times higher than that of today's popular blockchains. In addition to its scalability, Zilliqa provides a secure and efficient smart contract layer to enable security-by-design smart contract programming and verification.
About Infoteria Corporation
Founded in 1998, Infoteria Corporation is leading enterprise software company that listed on the Tokyo Stock Exchange under the ticker symbol 3853. Infoteria's middleware product ASTERIA series has 41% market share in Japan. Infoteria's Handbook product has maintained market leadership in the mobile content management space in Japan for over 4 years now with over 22.9% market share.
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