WASHINGTON – (BUSINESS WIRE) – Krista Software is pleased to announce a new partnership with Rubix Blockchain Pte Ltd (Rubix), an innovative Layer 1 green blockchain protocol for peer-to-peer data transfer and transactions. Krista and Rubix deliver a code-free experience to securely store data and documents in a private Rubix blockchain at a fraction of the cost of large blockchains.
Rubix’s parallel processing blockchain network is built on “Proofchains”. Unlike all other blockchains, Rubix Proofchains are energy efficient and environmentally friendly. Bitcoin and Ethereum require that each node store the entire global state. Keeping a high amount of data in each node causes these blockchains to store contracts and other sensitive business documents inefficiently, which increases costs and complicates management and compliance issues. While with Rubix, each node can be in a private subnet, but always add up to one global public state. This provides increased privacy, immutability, global origin and efficiency.
“Blockchain helps build effective Global Risk and Compliance (GRC) strategies that prove data and documents have not been tampered with. Krista partnered with Rubix to leverage its unique architecture to simplify access to technology, reduce costs and transform blockchain economics, “said Luther Birdzell, VP of Solutions and Chief Data Scientist at Krista Software.
“Even mainstream blockchains cannot drive global transactions at the scale, speed, and low cost necessary to accelerate our transition to Web3,” said KC Reddy, founder and chief architect of Rubix. “Rubix is designed to overcome these issues. We are proud to partner with an industry leader such as Krista Software to bring our cutting-edge blockchain solutions to industries around the world, from healthcare, gaming, real estate, banking and finance.”
About Rubix
Rubix is a Layer 1 blockchain protocol for peer-to-peer data transfer and transactions. With operations in Singapore, India, the United Kingdom, the United Arab Emirates and the United States, Rubix is an online protocol with zero transaction fees, minimal infrastructure costs and high security and privacy. With less than 1 kWh per transaction, Rubix has one of the lowest energy consumption of any computer network. Users can download Rubix software on any PC or virtual machine. The Rubix community has more than 12,500 validators.
About Krista Software
Krista Software develops the AI-led intelligent automation platform, Krista. Krista enables companies to automate complete business processes by elegantly orchestrating people, apps and AI. Krista uses natural language processing and machine learning to personify older systems so that people can “Ask Krista” about a business result. For more information on how Krista enables digital transformations and changes in how people use technology, visit Kristasoft.com.
