News Blockchain-Based B2B Payments Platform Paystand Launches Assurety-As-A-Service Solution With...

Blockchain-Based B2B Payments Platform Paystand Launches Assurety-As-A-Service Solution With Application Ready Blockchain API

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PayStand, a blockchain-based, B2B payments firm, announced on Thursday the launch of its Assurety-as-a-Service Solution, which the company claims to allow any business to deploy scalable blockchain networks and applications in minutes. While sharing more details about the new solution, Jeremy Almond, Paystand CEO, stated:

“Assurety-as-a-Service lets businesses skip the steep learning curve and start using blockchain right now. Unlike other blockchain companies, we’ve actually been testing the use of an enterprise blockchain at scale for over four years with real customers. This is an important step in adding greater transparency to the financial system and the world at large. Ten years from now, I can’t imagine a single business that won’t be using blockchain technology.”

PayStand also noted that Assurety platform offers the benefits of both public and private blockchains by delivering the accountability of the public model, while still maintaining the data privacy of the permissioned model. The company explained:

“This solves the inherent challenge of delivering a secure, trustless network while still balancing against collusion between the network actors themselves. The result is an application-ready solution that helps companies affordably and securely address the challenges of establishing provenance, authentication, and reconciliation with speed and accuracy.”

Omar Baqueiro, Director of Product and Engineering at PayStand, added:

“Assurety’s hybrid blockchain bridges the gap between public and private, combining the advantages of a trustless, decentralized, immutable public chain with the privacy and security expected of enterprise-level solutions. Assurety does that while making it easier than ever for businesses to use blockchain technology today. Any developer can use our API and spin up their own blockchain app in minutes.”

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