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Spydra, Empowering Businesses API-Driven Asset Tokenization

Spydra Cover image
  • Spydra is pioneering the Web2 to Web3 transition with the low-code platform and innovative solutions.
  • Empower businesses to access the decentralized web, build next-gen applications, and leverage enterprise blockchain technology.
  • Offers secure and transparent data management, reduces costs, and simplifies blockchain deployment, revolutionizing business operations in the digital landscape.

In today's world, full of hackers, cybercriminals, cybercrimes, lies, and deceit, okay, that's enough trauma for today... My point is, don't we have enough trust issues already? Why add on more when we have modern technological solutions like blockchain, which enables secure sharing of data and transactions?

How much do you trust the current system? While it is digital, it is centralized and usually relies on a central authority like a bank or government. Now imagine having your transactions recorded across a whole computer network and have it locked in.

This is what blockchain does for us. The records cannot be altered afterward without the alteration of individual information blocks and the consensus of the network. It is the future of risk management. We would be transitioning from a human-based to an algorithm-based trust model. 

Let's get into more detail, shall we?


What exactly is blockchain?

A blockchain is a type of distributed database or ledger. It is a decentralized technology that enables the secure sharing of information.

It offers transparency and security. Instead of relying on a central authority like a bank or government, the blockchain network verifies and validates transactions through consensus mechanisms, making it nearly impossible to tamper with. 

Moving forward to enterprise blockchain… Let's say you have a family recipe book that's passed down from generation to generation. Here, the recipe book is a blockchain, and the recipes are individual blocks of information.

You cook these recipes for your family and friends, but I'm pretty sure you have a secret section of that book reserved just for you and your immediate family. It's just too special to share. This represents the enterprise blockchain.

It has restricted access. Not only this, but enterprise blockchain is a type of permissioned blockchain that can be used to scale up commercial procedures like tracking supplies, settling international transactions, or exchanging digital information both inside the company and with other companies.

Now, managing and developing applications on enterprise blockchain is still complex. Here's where Spydra comes in.

What is Spydra?

Spydra, founded by Manish Tewari and Ashwath Govindan, enables developers, enterprises, and people worldwide to build next-generation applications, launch modern business infrastructure, and access the decentralized web.

Spydra's vision is to create a true low-code blockchain platform for a non-blockchain developer. They are building applications and tools on these various blockchain platforms, which will enable any Web2 organization to Web3 stack in no time.

The startup is the ultimate asset tokenization platform for businesses that can be deployed without writing a single line of code. It offers an easy-to-use interface, simplified blockchain network deployment, low code decentralized application builder, and pre-configured blockchain solutions.

Think of them as superheroes with a superhero cape and everything. Their mission is to create a future where businesses are free from the limitations of traditional systems and can operate with complete trust and confidence in their digital dealings.

What does it offer?

Their superpowers are their innovative solutions and technology, which will help them empower businesses with the benefits of enterprise blockchain technology, create a secure and transparent digital landscape where organizations can securely store, manage, and share data and assets, reduce costs, and so much more! 

Now, the inside scoop as to how these superpowers work. Operating backstage, are the latest technologies and tools in the tech space. To enable the transition of enterprises from Web2 to Web3, a lot of research has been done, and their expert crew has come up with the best tech stack possible.

Their platform architecture is highly scalable to handle complex workloads and highly available to ensure zero downtime. Utmost care is also taken to ensure no compromise on security while providing all these amazing features.

They guarantee data isolation and provide flexible tenancy options - shared or dedicated. At a high level, SPYDRA uses a microservices architecture with Kubernetes orchestration for enterprises and public blockchain network deployments.

Anatomy of Spydra
Architecture overview

Funding

The company has a total funding amount of more than 24 cr. Their client segment is Developer Tools, Enterprise Tech, Financial Services, Blockchain, and PaaS, target companies are medium and large enterprises, and their target geography is global. 

If you are interested in taking up the services that Spydra has to offer, here is some information on the pricing. Spydra offers pay-as-per-your-usage pricing without restricting users on features.

So there are no confusing pricing tiers - every user will get every feature on Spydra. Organizations will be billed monthly for the resources utilized across all the Networks.

We find ourselves standing on the cusp of an exciting new era, and Spydra is at the forefront of this revolution. It is dedicated to empowering businesses and enabling developers, enterprises, and people worldwide to build, launch, and access the future.

With its decentralized solutions, high-availability APIs, developer tools, simple interface, flexible cloud deployment, pre-configured chain code - Asset Management, and low-code platform, Spydra is making its mark, and we most definitely want to join their movement.


Are you working on an innovative product? We would love to hear your story. Share it with us at [email protected]

Edited by Shruti Thapa

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