BlockApps and Optimum partner to develop Blockchain powered Energy usages Tracking Solution

BlockApps and Optimum partner to develop energy usages tracking solution using STRATO blockchain platform.

As a part of the partnership, Optimum joins ecosystem of Global BlockApps Partner Network. The ecosystem helps with accelerated app development, integration, deployment and enhancement for BlockApps' STRATO customers and partners.  Optimum offers blockchain technology and software consulting across energy industries including oil & gas, manufacturing and construction.

The partnership comes at a juncture when there are many global challenges, including downward oil prices and economic setbacks due to coronavirus (COVID-19) epidemic.

Executive Opinions

BlockApps President & CEO, says Kieren James-Lubin, said, "We're thrilled to initiate our partnership with Optimum – their deep experience with large-scale energy solutions for the enterprise and government will help ensure our STRATO energy tracking solution meets the production-level needs of our customers and continues to scale effectively."

President, Optimum, Nooshin Yazhari, said, "By utilizing the BlockApps' innovative platform and our in-house industry and technology expertise, Optimum can now provide and expand the power of Blockchain and IoT solutions to the Oil & Gas, Manufacturing, and Construction marketplace as well as other industries and sectors. The BlockApps' STRATO platform is an extremely powerful tool for us to be able to bring the power of blockchain to our clients, while significantly reducing the complexity, uncertainty, time, and cost that is usually associated with other blockchain implementations."

Optimum's plans with STRATO blockchain platform

BlockApps STRATO is one of the first Blockchain as a Service platform. It can be used to build and run business networks. The platform can be deployed on any of the cloud platforms. It is built on proven Ethereum protocols and built with standards defined by Enterprise Ethereum Alliance(EEA).

Since its launch on the Microsoft Azure cloud platform in the year 2015, it is in use by hundreds of partners which even includes the Fortune 500 companies. The platform is one of the few BaaS (Blockchain-as-a-Service) solutions available on the AWS, Google Cloud and Azure.

Optimum intends to leverage the STRATO blockchain platform to build solutions that address the unique needs and challenges of clients in the energy segment that demand verifiable and granular energy usage tracking, notes the announcement.

In August 2019,  BlockApps announced a partnership with the Tech Mahindra Ltd to accelerate the adoption of blockchain business networks.