Enterprise blockchain solutions company Elrond network announced on Wednesday that it has integrated with decentralized application development platform Aurachain. Elrond will make use of Aurachain’s AG Low Code platform for the automation of tokenized assets and smart contracts deployment on its platform. It said in the official tweet that the low code platform would allow the users to achieve process efficiency by using the eGLD mainnet.
Enterprise adoption: tokenized assets & Smart Contract deployment automated by ??Aurachain AG workflow automation suite.
— elrond (@ElrondNetwork) August 26, 2020
In the official announcement on its website, Elrond stated that the integration with Aurachain would enable them to streamline, digitize, and automate business processes. The integration will also target Aurachain’s blockchain module, which will offer its users access to Elrond mainnet as the on-chain element for various business processes.
Elrond is a modern blockchain architecture platform that brings multi-fold cumulative improvement in execution speed and throughput, by introducing two key innovations – Secure Proof-of-Stake (PoS) algorithm and Adaptive State Sharding Mechanism.
Commenting on the integration, Elrond CEO Beniamin Mincu said they have significantly improved value exchange for start-ups and established enterprises by making it simpler and more streamlined. He further added that the integration would grant the Aurachain users benefits like lower costs and high security by accessing Elrond mainnet, without managing any additional complexities of blockchain.
Aurachain is a low code decentralized application development network that allows the creation of smart contracts as well as digital applications. It allows its clients to reconfigure critical components of its processes to achieve short-term and long-term goals. Adela Wiener, CEO of Aurachain AG, stated that by using its technology, its clients have become more aware about blockchain and its benefits. Adela further added,