IRISnet bringing Cosmos SDK to small businesses
Cosmos network has provided a new world of blockchain technology which enables interoperability across many chains and there are no shortage of projects that are launching to drive web3 development and integration.
One of those is IRISnet which aims to increase use cases by being the first regional hub on Cosmos ecosystem enabling a larger and more innovative approach to businesses. IRISnet's capabilities also enable off chain transactions which can be later approved on Cosmos mainchain.
Future Possibilities
These unique features provide the ability for online games to operate and store vital information on blockchains and increase the amount of transactions that can be achieved.
In other use cases it enables businesses who seek to use blockchain technology as data storing or invoicing to be able to accumulate the days trade and have all the data processed off chain and then verified at the end of the day. Perfect for small traders or sales.
The cross chain services also enable blockchain based businesses whom operate across the blockchain sector to undertake their work and store the data on Cosmos regardless of what chain they have been trading on.
Award Winning Concepts
IRISnet has already developed some award winning concepts for privacy preserving healthcare data exchange, e-market and decentralised exchange of digital assets for supply chains. The project is heavily focused on developing for real world applications beyond Decentralised Finance (De-Fi) and is building for a world of tomorrow on Blockchains.
Although still relatively new and continuing to build the blockchain is one to keep an eye on not just on it's value but for its achievements over the next few years. If successful it could potentially alter the blockchain sector entirely.
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