An Intellyx Brain Candy Brief
Vendia is offering a high-performance serverless data layer that provides a decentralized system of record between permissioned business partners.
Don’t call it a blockchain, as it doesn’t seem to inherit the scalability and performance issues of Ethereum. Nor does it come with the stigma of crypto-token funding schemes — actual business customers are paying SaaS revenue to set up their own multi-party Vendia Share nodes.
This distributed ledger actually does bring forward the most promising principles of blockchain, by giving multiple collaborators an API gateway to a decentralized, immutable data ledger, so all parties can reach consensus on the state of any transaction or data value down to the cellular level.
For specific use cases like contract compliance and SLAs among partners, tracking complex aerospace and automotive maintenance records, and financial settlement workflows, the ability to call on a shared ledger using a serverless form factor provides an indelible marker to ensure trust atop each party’s own internal systems.
© 2021 Intellyx. At the time of writing, Vendia is not an Intellyx customer. None of the other vendors mentioned here are Intellyx clients. Want to see more BrainCandy? Subscribe today. If you are a vendor seeking coverage from Intellyx, please contact us at PR@intellyx.com.
