Brazilian startup BBCspecializing in enterprise blockchain, established a strategic partnership with a tech giant Microsoftthe purpose of which is to create an environment for virtual simulation of operations using technology True digital. The purpose of this collaboration is to allow companies to test products and business models related to the Brazilian Central Bank Digital Currency (CBDC) project.

The platform will be hosted on Microsoft Azure, a cloud computing and storage service the company offers to organizations. The adopted model would be “Sandbox” which provides “an isolated test environment that allows you to safely run and control software and applications“. For this purpose, the Hyperledger Besu network, which was used in the Real Digital pilot tests, will be selected.

The BBChain statement explains that Hyperledger Besu is “a customizable open source blockchain platform offering features such as smart contracts, privacy, scalability, and controlled support for public and private networks.The sandbox will be available to interested companies through the Microsoft Azure Marketplace.

André Carneiro, CEO of BBChain, notes that the platform will allow companies to get detailed data and information about the costs, risks and rewards associated with using Real Digital. He describes the platform as “sandbox network, so they [os clientes] can perform functions such as issuing assets, tokens, DVP (delivery versus payment) transactions, and others.“.

Carneiro also explains that clients “will be able to create a network to test all operations and develop their own business cases, without waiting a year to see how the currency will workThis refers to the estimated timing of the Real Digital pilot and its subsequent public release scheduled for late 2024.

Benefits of developing a virtual environment for Real Digital

Among the advantages of the project, Carneiro notes that the selected network offers “several opportunities to develop business proposals beyond tokenized government securities, which are the focus of the Real Digital pilot project“He mentions that.”there are medium-sized banks, which usually have a different specialization. Thus, a company can use the sandbox, for example, to learn how to create a tokenized agricultural loan.“.

Another benefit noted by the manager is that the project will be hosted in the cloud, which provides increased scalability for testing and the capacity to manage computing power, adapting to the needs of each company. This element aims to help both large and small companies participate in the initiative at prices that are compatible with their business.

Andrea Cerqueira, VP of Enterprise Sales for Clients and Startups at Microsoft Brazil, emphasized that “With the transformative power of Azure and its various features to drive digital business growth, companies can do everything from efficient data management to even blockchain. implementation, as in this case. This aspect enables digital transformation and allows companies to do more with less, achieving ever greater results, optimizing resources and achieving greater productivity.”

Carneiro also mentions that the goal of BBChain is to expand the sandbox and allow the use of the tool to the entire public by increasing the number of participants. He highlights:In our solution, we provide a complete turnkey base with the security, infrastructure, and ecosystem that companies need to grow even further in their projects.“.

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Source: Exam

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