Startup launches cloud service to facilitate on-boarding of enterprises to various blockchains

Quick Take

  • Enterprise blockchain startup Bloq is launching a new line of services, BloqCloud, to help enterprises access blockchain networks more easily
  • At launch, BloqCloud will allow companies to run nodes and query transactions from BTC, BCH, ETH, and ETC through its platform

As more companies are flirting with various blockchain solutions, Chicago-based startup Bloq wants to be the middleman between blockchain infrastructure and enterprises to streamline the on-boarding process and push for wider enterprise adoption of blockchain. 

The firm is launching a cloud-based blockchain management service, BloqCloud, to offer developers easy access to different blockchain networks. Enterprise customers can run blockchain nodes via the BloqCloud platform and query transaction data from various blockchains. The hope, according to Bloq COO Hadley Stern, is that a smooth, less costly on-boarding process to blockchain networks would encourage more enterprises to enter the space. 

“The blockchain products are still being developed, importantly, the protocols these products are being developed under, is still forming right in front of our eyes,” said Stern. “We think bloqCloud is needed now to enable and accelerate blockchain development and adoption by enterprises.” 

According to Stern, who spearheaded the establishment of Fidelity’s digital asset arm prior to joining Bloq, multi-chain access is a necessary feature when a company is considering adopting blockchain, as currently "its too early yet to say there is one protocol that is going to be the only protocol for everything," said Stern. 

Therefore, BloqCloud provides a blockchain-agonistic solution so that users can access any blockchain through the BloqCloud platform. At launch, BloqCloud will support BTC, BCH, and ETH blockchains, and it is considering adding more in the future, according to Stern.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy