Technology and Services

The blockchain technology stack that transforms your business.

Configurable permission-based consensus

Traditional infrastructure allows companies to control the different levels of access. This same concept is essential for them whether it’s to limit the visualization of a certain part of the distributed system or to create some limitation on the solution itself. This is why HydraLab has worked very hard to be able to offer the possibility of customizing the different access rules, depending on the developed solution.

Predictive data-console

HydraLab has set up the Hydra console that acts as the eyes of the network. It allows learning from interactions with participants and the visualization of relevant metrics according to the elements contained on the ledger. In the Hydra Console, we also give access to the various tools developed especially for use in business: a ledger explorer, a permission rules manager, a monitoring interface, an analytics dashboard and more.

Scalable enterprise-grade blockchain

We are aware that some project requirements will depend on different kinds of consensus. HydraLab team has built a customizable consensus-as-a-service approach to offer flexibility in your development process. In addition, we have integrated the IPFS protocol to optimize the exchange of large content, while maintaining a very high performance level of transactions per second. Those two important features, open up a large range of opportunities for the use of blockchain technology.

From the FintechLab, why your organization should use a private network?

On a public network already in place, if a company wishes to add a parameter or feature, all the participants in the network would have to agree. Imagine multiple competitors on the same network who do not want to authorize (vote) competitor xyz to add a functionality!

For government or large companies, it will be much more logical to use a private distributed network to retain some power and an overview of their network. Also, do you remember how last year we saw many new forks of public blockchain (new copy of the blockchain)? So, for these companies’ purposes, it would be practically impossible for them to plan these forks of the code and to depend on them.

Moreover, many public networks work with a token - which may be good for some projects. However, as Gartner pointed out in one of its webinars, the blockchain-as-a-service, which sets up operational costs according to a ratio multiplied by the value of the token, is not always unanimously accepted. It is impossible to budget for the operational costs of the network in the future. If the token is worth $1000 today, in 3 years will the token go up to $2000, $5000 or $10,000?

https://www.gartner.com/webinar/3682917/