Supply chain
BSOS develops blockchain tools
Sammi Huang, Taipei; Adam Hwang, DIGITIMES

BSOS has developd BridgeX enterprise tool for practicing blockchain, and Suplex platform for polycentric business ecosystem, according to the company.

BSOS said mere data storing on blockchain is not enough to create a valuable polycentric ecosystem, and the key lies in dealing with the challenges concerning identity, privacy, and value recognition based on DLT (distributed ledge technology) to meet real and complicated needs by businesses.

BridgeX consists of four sets of tools designed to separately address different issues: private key management, public key infrastructure, data privacy, and data tokenization. While each of the tools can be applied independently, they can also work together to create synergy. All tools are designed to be cloud native and can easily be deployed to the cloud or private data centers.

Suplex is a platform for value creation and circulation based on accounts receivable. With core enterprises as the center of value creation and DLT as the medium for value circulation, the platform makes up a symbiotic ecosystem where suppliers, core enterprises, and fund providers thrive together, radically unlocking the power of supply chain finance, it said.

BSOS was founded in 2018 and obtained investment from the Angel Fund under Taiwan's National Development Council in 2020. BSOS is the only Taiwan-based company certified by the blockchain consortium JP Morgan Quorum and one of the 15 companies certified by the blockchain consortium Hyperledger Fabric worldwide.

According to MarketsandMarkets, the global market value for blockchain in 2020 is estimated at US$3.0 billion and will increase to US$39.7 billion in 2025 at an average CAGR of 67.3%.

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