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Ethereum Classic Labs partners with Bloq to provide infrastructural support for EthereumStack

Aakash Athawasya

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Source: Pixabay

Ethereum Classic Labs (ETCLabs), a blockchain incubation and acceleration subsidiary for Ethereum Classic’s network, has announced its partnership with enterprise blockchain solution provider, Bloq, to provide infrastructure for EthereumStack. Bloq would be responsible for availing various developer toolkits via its BloqCloud platform.

According to announcement, The BloqCloud platform promises faster deployment time, lower cost of operations and greater scalability.

Bloq would also allow instant connectivity between the Ethereum Classic network and other Ethereum networks via its Connect service. The enterprise blockchain provider claims to be one of the most inclusive infrastructures in the ecosystem as it supports Bitcoin and Bitcoin Cash as well.

Ethereum Classic’s network has made some significant efforts to bring in more scalability on its platform and build more projects via its ETCLabs incubation program. With its recent partnership with Bloq, ETCLabs hopes to build new projects on top of the Ethereum Classic network with better efficiency and cost-effectiveness.

Blockchain solutions for enterprises in huge demand

Blockchain as a service has gained quite a traction in 2019, with several enterprise-level blockchain solution providers emerging to act as a bridge between private firms looking to incorporate decentralized tech into their system. Building a blockchain network or platform from scratch is a time-consuming and costly affair, which is why enterprise blockchain solution providers are in great demand.

Several top firms like Amazon, IBM and Oracle have developed ready to use enterprise-grade blockchain solutions already, while the likes of R3 are planning to launch their platform Enterprise Corda later this year. The reason for such huge demand is increasing blockchain adoption across major sectors including Shipping, Supply-Chain Management, Healthcare, Agriculture and many more. Over the years, blockchain has evolved to address the issue of interoperability between different blockchains, something which was considered as a major roadblock to widespread adoption.

Aakash is a full-time cryptocurrency journalist at AMBCrypto covering primarily the US market. A graduate in Finance and Economics, his writing is centered around regulation and institutional investment within the cryptocurrency space. He is also an aspiring triathlete.

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