Software development company Bright Apps and blockchain startup Dispatch Labs have announced a partnership to develop a new enterprise-ready blockchain protocol and ecosystem based on the innovative Delegated Asynchronous Proof of Stake (DAPoS) algorithm.
Dispatch will be the first blockchain protocol to combine business logic with managing large amounts of data using on-chain smart contracts with distributed storage of application data off-chain. With DAPoS at the core of Dispatch’s platform, it will allow tens of thousands of transactions per second, have low energy requirements that make it eco-friendly and remove transaction fees.
Bright Apps, which specializes in artificial intelligence and blockchain technologies, has already provided technical assistance to help Dispatch launch a public test network and its first mobile apps for both iOS and Android in recent months. A full production launch of Dispatch’s main network is planned by year-end as well, including trading of the company’s new crypto token, the Divvy.
“Bright Apps has already played an invaluable role in our development efforts at Dispatch. We truly couldn’t have gotten to the stage we’re at now without Bright Apps. We’re elated to be working with them through the launch of our mainnet and beyond.”
Bright Apps’ engineering expertise, combined with the Dispatch tech team, bring together what they say is the next evolution of blockchain in their technology development.
As part of their partnership, Dispatch will also encourage third-party developers looking to develop applications on the new platform to consult Bright Apps if they need development help.
Bright Apps’ sophisticated team of engineers brings a wide span of engineering skills along with insight from the initial assessment, to design, implementation, and support for projects. Together both Dispatch and Bright Apps believe they are bringing a truly unique blockchain solution to market.
The Dispatch blockchain effectively solves for transaction speed and size scalability issues that have recently plagued other blockchain communities. The novel DAPoS consensus algorithm will allow the new platform to process orders of magnitude more transactions per second than Ethereum or Bitcoin, for example.
The new system’s backbone will be the Dispatch Virtual Machine (DVM), which will allow the creation and execution of stateful programs using the blockchain’s shared state.
A Shared Ledger Network for Programmable Information
Dispatch Labs is building a business-ready blockchain protocol: an advanced platform that facilitates the upload and control of programmable files.
With advanced technology driving the digital evolution content delivery networks, streaming services, peer-to-peer marketplaces, and big data analytics are just a few of the use cases which will now be able to transition to blockchain with Dispatch.