Jelurida, a Swiss-based blockchain software company, is the name that is making significant strides in capturing a piece of the rapidly growing blockchain industry and expanding its capability to real-world use cases.
2021 has become a year of promises, with a slew of blockchain-based initiatives and crypto-focused trends such as Decentralized Finance, NFTs, and Metaverse.
Despite initial objections, high-profile firms and businesses are embracing the technology and working to incorporate it into their business model.
In some ways, blockchain is constantly evolving the business model. In other words, the focus of traditional businesses has shifted to tailoring blockchain acceptance to their specific requirements.
When Blockchain Meets the Real World
According to the press release, Jelurida will team up with Accenture to develop real-world use cases applying blockchain infrastructure. The collaboration of two giants is part of the blockchain project Senator backed by the European Union.
Senator is on a mission to develop policy scenarios for urban planning and developing strategies.
The participation of Jelurida serves an important role to create blockchain solutions for high-level scalability.
Jelurida is the name behind Ardor and NXT blockchain platforms.
Jelurida’s Ardor blockchain provides businesses with the blockchain infrastructure needed to leverage the benefits of blockchain technology, without incurring the time and expense of developing their own custom blockchain solutions.
Ardor accomplishes this by providing businesses with a secure and decentralized main chain, combined with a subchain that can be used for a variety of business applications.
Ardor addresses some of the key issues of legacy blockchains, including scalability issues, blockchain bloat, and scalability.
More Functionality
It is expected that Jelurida, along with its Ardor, Ignis, and NXT chains, will provide the necessary on-chain infrastructure to assist in bringing the Senator project to fruition.
Accenture is a management consulting firm specializing in strategy, consulting, digital, technology, and operations services. The company was selected by Correos for the Senator project to join forces with Jelurida in bringing solutions for urban freight logistics.
The strategic collaboration will focus on two primary use cases.
First, Ardor and Accenture will work on building for the urban logistics system including optimization of supply activities and traceability in urban areas on the basis of considering the unique characteristics of the traffic situation, society, environmental pollution, and customer needs.
The goal is to best meet the needs of logistics service providers while guaranteeing that the last mile freight exchange is compliant with the European Security Framework for Postal Supply Chains. It will help minimize the level of transportation costs, negative impacts on infrastructure, the environment, and society.
For the the second use case, Ardor and Accenture will collaboratively apply the most advanced technology – the Internet of Things (IoT) – in order to provide information in a timely manner.
Data is analyzed in real-time will help Senator make informed and effective decisions, react quickly to incidents, and improve management in urban areas.
Expanding Blockchain Use Cases
Blockchain is seen as one of the most effective technologies for developing a secure communication platform for smart cities by improving public services.
It can also help municipalities make better use of available resources such as physical and social infrastructure, e-government and notary, urban management and operation, and socioeconomic development.
Blockchain was initially researched and developed as open-source software to secure the decentralized financial transaction process for cryptocurrencies such as Bitcoin, as opposed to the traditional centralized financial transaction process controlled by central banking systems.
However, blockchain’s ability and capability have gone beyond what humans can imagine. Blockchain has the potential to revolutionize every industry.
The development of blockchain-powered projects is clear proof of how platforms are evolving outside of the financial arena. .
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