Jelurida and Accenture Team Up to Develop Mainstream Blockchain Integrated Business Models

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Key Takeaways:

  • According to the press release, Jelurida and Accenture team up to develop mainstream blockchain integrated business models.
  • The partnership of two giants is part of Senator, a blockchain project supported by the European Union.
Jelurida And Accenture Team Up To Develop Mainstream Blockchain Integrated Business Models
Jelurida and Accenture Team Up to Develop Mainstream Blockchain Integrated Business Models

According to the press release, Jelurida will team up with Accenture to create real-world use cases to leverage blockchain infrastructure. The partnership of two giants is part of Senator, a blockchain project supported by the European Union. Senator is on a mission to create policy scenarios for urban planning and strategy development. Jelurida’s participation is critical in developing blockchain solutions for high-level scalability.

Jelurida is the company that created the Ardor and NXT blockchain platforms. Jelurida’s Ardor blockchain enables businesses to leverage the benefits of blockchain technology without incurring the time and expense of developing their custom blockchain solutions.

Ardor achieves this by providing businesses with a secure and decentralized main chain and a subchain that can be used for a wide range of business applications. In addition, ardor addresses some of the most pressing issues with legacy blockchains, such as scalability, blockchain bloat, and scalability. Jelurida, along with its Ardor, Ignis, and NXT chains, is expected to provide the necessary on-chain infrastructure to help bring the Senator project to fruition.

Accenture is a management consulting firm that offers strategy, consulting, digital, technology, and operations services. Correos chose the company for the Senator project, where it will team up with Jelurida to provide solutions for urban freight logistics. The strategic collaboration will focus on two primary use cases.

Accenture and Jelurida will collaborate on the first use case, which will be to develop a solution for supply chain traceability while ensuring that the last mile freight exchange is compliant with the European Security Framework for Postal Supply Chains. It will allow transport operators and other key players to securely exchange information about security and item flows, leveraging blockchain technology.

The second application is related to the Internet of Things (IoT). At any stage of the service process, services based on IoT devices generate a large amount of data. By incorporating data generated by an IoT device into the Ardor network, Senator and its participants will optimize the decision-making process based on the data collected. Ardor child chains are distinct customizable “blockchains” within the Ardor ecosystem, each with its native tokens and all the built-in features required for specific use cases. As a result, Accenture can create the custom parameters necessary for a continuous data flow.

With Jelurida’s infrastructure and Accenture’s extensive experience, the Senator project for Correos is poised to be a major case study for how collaboration between different entities with specific knowledge can be harnessed for the greater good of citizens, service providers, and governments alike.

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Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.