Review on Stratis by Gabriel Medina
Development platform for business solutions using blockchain technology
Stratis (STRAT) is a platform that is committed to the development of decentralized applications through a blockchain decentralization scheme and other technologies such as smart contracts. Stratis uses concepts like BaaS and side chains that coexist in the same ecosystem. STRAT is a cryptocurrency and an open source system specialized in offering the necessary tools to those companies that want to make use of Blockchain technology.
The system was created with the purpose of providing an infalsifiable database that supports the installation of real-time updates from IoT (Internet of Things) networks. Furthermore, Stratis uses Blockchain technology to solve problems related to identity theft and management, and to secure the origin of products, services and data.
Pros
- It allows companies to create custom blockchain applications using, among other things, the Microsoft Framework, which allows a simpler and faster development life cycle for new blockchain solutions.
- Businesses can create their own private blockchains (sidechains) using nStratis which can be accessed via APIs and lite clients. All private blockchains are secured on the main Stratis chain.
- The development team is solid and has good programmers, so a progression of this cryptocurrency is expected in the short term.
Cons
- The adoption of Stratis as a development platform will be slow as it is not a main platform for the masses.
