Stratis Group Launches First Smart Contracts On Microsoft’s.NET

Bockchain development firm Stratis Group Ltd has launched the first smart contracts on Microsoft’s .NET architecture, that will enable developers to write smart contracts in C# on the platform, as per a Cointelegraph report on July 3.

The Stratis Group introduced the Cirrus Sidechain Masternodes and Stratis Smart Contracts products specifically designed to allow businesses to develop smart contracts in the programming language C#. Originally developed by Microsoft, C# is a general-purpose language within its development platform .NET.

These smart contracts will allow enterprises to deploy smart contracts on one underlying general-purpose blockchain. Thus the product targets at enterprises, financial services companies, and government organizations that are already operating within Microsoft’s .NET framework. As per the press release:

A wide range of enterprise use cases, from tokens and lending platforms to provenance and self-sovereign identity solutions.

The main focus of Cirrus Sidechain is to prevent bloating of the main Stratis network and facilitate a high level of scalability. The release further explains:

“The Masternodes will operate on the Cirrus Sidechain using a Proof-of-Authority consensus algorithm, thereby enhancing security by adding accountability while also reducing the workload and energy consumption required for Masternodes to maintain the blockchain.”

A senior developer at Stratis, Gustav Stieger added:

“Cirrus Sidechains will allow us to scale up the Stratis platform as we add functionality and deploy sidechains with use-case specific modifications, such as block time and block size. It will now be easier, cheaper and faster for developers to build DLT and smart contract functions bespoke to their business needs.”

In May, Amazon’s cloud computing platform subsidiary, Amazon Web Services (AWS) made its Amazon Managed Blockchain (AMB) public to enable customers to set up blockchain networks within their organizations.

In order to achieve the said use, the product will employ Ethereum and Hyperledger open source frameworks. Amazon specifically notes that AMB can scale to support thousands to millions of transactions. The retail giant further adds that the blockchain-as-a-service (BaaS), will not only allow the businesses to develop their own networks quickly but at a lower cost as well by eliminating the need “to provision hardware, install software, create and manage certificates for access control, and configure network settings.” 

Read more:First Blockchain-Based Shipment Tracked From South Korea To The Netherlands

Image Source – Stock Photo Secrets

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