The blockchain startup company BiiLabs and the IoT solutions provider SoftChef have undergone a collaboration, to launch a blockchain-based SaaS (software as a service) platform for M2M (machine-to-machine) encrypted IoT data.
This collaboration is expected to benefit both the clients as far as the blockchain applications are concerned. Josh Chai, the CEO of SoftChef and Lman Chuu and the CEO of BiiLabs unanimously agreed to the fact, that the blockchain-based SaaS platform is intended for those enterprises, that use machine-to-machine encrypted IoT data.
Moreover, the Benchy-Alfred SaaS design is perfect for proof-of-existence scenarios, where users do not need to have a detailed knowledge of blockchain technology in order to use it. This had been possible because of the collaboration between the two platforms, which eventually allow cost-efficient data exchange with the various M2M services across the industries.
Accordingly, when any connected device exchanges data via the IoT based SaaS platform, the API instantly sends a notification message to the public ledgers, thereby creating a digitally signed encrypted data.
With the help of this new SaaS platform, developers will be able to build P2P (peer-to-peer) mobile or other applications without having to use their own networking layer. This allows the new developers to concentrate on building other application logic, to integrate them with the new blockchain-based SaaS platform.