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Enterprise blockchain infrastructure for production-ready applications
Rubix is an Ethereum compliant full-stack blockchain infrastructure, focusing on interoperability, scalability, performance, and security. Rubix is specifically designed to allow developers to create and deploy decentralized applications in a blockchain environment that can be easily customized for unique industry and business requirements.
Rubix Core is a lab-in-a-box solution that allows users to get their hands dirty and build the Distributed Applications (Dapps) of interest to them. In fact, many users are interested in building Dapps that are relevant to their business problems, without (necessarily) having to get into the weeds of the underlying protocol configurations.
How Does Rubix Work?
Rubix aims to provide enterprise-level solutions to clients. That means clients get customized blockchain architecture they can implement in their organization. Rubix specializes in creating decentralized apps (DApps) using blockchain technology.
With that in mind, Rubix’s team provides two core services:
Advise: Rubix helps clients understand and prepare for a blockchain future.
Build: Rubix can build blockchain applications for enterprises and governments, along with tools for developers.
Obviously, a number of other companies offer similar services – but few companies have the name brand recognition of Deloitte or the long history of professional service work.
Rubix takes advantage of all major blockchain technologies – including smart contracts. Smart contracts are obviously a crucial component of enterprise blockchain use. They’re self-executing, trustless, auditable systems that can dramatically affect the efficiency of a business.
Overall, Rubix provides support to enterprises in the form of advisory work, while also leading the development teams that translate ideas into concrete applications.
When launched, the Rubix blockchain was initially catered to four specific types of applications, including:
Reconciliation: Automate financial reconciliations between internal departments in a company or with trading partners.
Audits: Get real-time assurance on components of financial statements and reduce the reliance on an auditor.
Land Registry: Digitize and decentralize a jurisdiction’s property deed transfers while eliminating the possibility of corruption.
Loyalty Points: Create a loyalty points program that is more cost-efficient and allows for added features and insights for customers.
Ultimately, Rubix’s services have extended far beyond the four above applications. These were some of the core targets when the platform was initially rolling out. Today, you can view a selection of Rubix applications at their official website here. New Rubix applications have included:
Financial Services & Insurance: Flood claims in insurance, corporate voting, and interbank fund transfers have all been built by Rubix.
Healthcare Platforms: Health data management and prescription fraud management have been created by Rubix for healthcare organizations around the world.
Supply Chain Platforms: Rubix has created a real-time loyalty points distribution and redemption program.
Who Can Benefit from Rubix?
Overall, Rubix claims that enterprises – including corporations and governmental organizations – can benefit from blockchain technology in the following four major use cases:
Does the use case require multiple participants interacting, each in their own best interest?
Does the use case require persistent data storage that all members can access and add to?
Does the use case require the transfer of valuable assets or sensitive data between members?
Does the use case rely on defined inputs and objective criteria leading to predictable process outcomes?
Pros & Cons
Benefits of Associated with Deloitte
Bit Hard to understand
Not easy to the local developer
Signups - https://www2.deloitte.com/ca/en/pages/technology/solutions/deloitte-digital-blockchain.html
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