Blockchain
Icertis Collaborates with Microsoft to Expand Blockchain Framework to Increase Transparency and Build a More Sustainable, Ethical and Open World
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Icertis, the leading provider of enterprise contract management in the cloud, today announced a collaboration with Microsoft to expand the Icertis Blockchain Framework to create a more sustainable, ethical and open world. By enhancing the connection between blockchain/distributed ledger technology and contract management, Icertis and Microsoft will deliver greater transparency, speed of execution and improved compliance in increasingly critical areas of modern business.
Customers like Mercedes-Benz Cars have already taken advantage of this technology by utilizing smart contracts on the Icertis Blockchain Framework to create an immutable distributed ledger of transactions. This helps to ensure global sourcing and contracting practices adhere to Mercedes-Benz Cars’ strict requirements for sustainable, ethical and secure sourcing. With the expanded capabilities developed with Microsoft, customers will be able to apply blockchain technology to help address additional business processes requiring transparency including measuring supplier diversity, tracking product provenance and executing outcome-based pricing.
Icertis and Microsoft will expand the application of blockchain and distributed ledger technology to contract management by:
- Using Microsoft Azure Blockchain Workbench to allow rapid prototyping and provisioning of blockchain solutions on the Icertis Blockchain Framework for Icertis Contract Management (ICM) platform global customers.
- Leveraging the ecosystem of Service Bus, Azure Active Directory, Logic Apps and other components in the Azure Blockchain Workbench environment in combination with the Icertis Blockchain Framework to help build the foundation of Icertis’ next generation smart contract platform.
- Connecting Azure Cognitive Services components and the Icertis Blockchain Framework with the ICM platform to provide business solutions that leverage AI/ML and blockchain technology including compliance, certification, provenance tracking and outcome-based pricing ICM apps.
“More than ever, enterprises must maintain sophisticated governance and contract compliance, and blockchain technology has a critical role to play,” said Monish Darda, CTO and Co-founder at Icertis. “We are thrilled to work with Microsoft to extend the Icertis Blockchain Framework to solve the most critical contracting challenges – enabling a new level of visibility and control in the contract management space, while helping build a more ethical and sustainable enterprise ecosystem.”
Companies can deploy the Icertis Blockchain Framework to track contractual requirements, obligations, commitments and fulfillment across entities enabling a new level of collaboration, visibility and accountability. This will help solve some of the world’s most intractable challenges, such as the use of child labor and conflict materials in supply chains; the tracing of tainted food distribution to aid recalls; and tracking efficacy-based pharmaceutical outcomes.
The close collaboration between Icertis and Microsoft has benefited joint customers since the creation of the Icertis Blockchain Framework, which was built on Azure, Blockchain Workbench, Cognitive Search and Cognitive Services. It is the first to connect blockchain and distributed ledger systems like Ethereum and Corda to an enterprise CLM system in a meaningful way.
“Icertis and Microsoft continue to partner on digital transformation solutions that leverage blockchain in innovative and meaningful ways,” said Penny Philpot, Vice President of One Commercial Partner, Microsoft Corp. “Together, we are giving our enterprise customers a competitive edge with technologies that have immediate impact on their responsible business practices.”
SOURCE Icertis
Blockchain
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Blockchain
Taraxa Report Reveals 20X Overestimation In Blockchain Throughput
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As the Layer-1 ecosystem is increasingly flooded with inflated performance claims, new research from Steven Pu, Co-Founder of Taraxa, delivers a reality check. Using data from Chainspect, the study evaluates the cost-efficiency of 22 blockchains by analyzing the real-world cost of running a validator node against actual mainnet throughput.
Blockchain performance reports often rely on idealized scenarios with private testnets, specialized hardware, and unrealistic assumptions that inflate transactions-per-second (TPS) numbers. This results in performance claims that look impressive on paper but do not hold up in practice.
Pu’s research introduces a more pragmatic approach—measuring transactions per second achieved on mainnet per dollar spent on a validator node (TPS/$). This simple yet powerful metric directly addresses the distortion in performance figures by shifting the focus from theoretical throughput to cost-adjusted efficiency. By assessing how much real transaction processing power a network provides per dollar spent, this study offers a fair and verifiable way to compare blockchains on a level playing field.
Figures are produced by dividing the observed mainnet throughput by the monthly cost of a single validator node. The goal is to ensure that blockchain developers, investors, and users have access to data that truly reflects network sustainability and scalability.
This research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.
Tellingly, the results expose a striking gap between theoretical performance figures and real-world results. Figures show that theoretical throughput is overstated by a staggering average of 20 times when compared to actual mainnet observations. This means that TPS figures, often cited in whitepapers and marketing materials, vastly exceed what is achievable under real-world conditions.
Such a significant discrepancy suggests that developers, investors, and users may base their decisions on numbers that do not hold up outside of a controlled test environment. This calls for a reform in how blockchain performance is reported and evaluated.
“Investors, developers, and users deserve transparency,” explains Pu. “The blockchain industry has long been obsessed with theoretical performance figures, but numbers generated in a lab mean little if they can’t be replicated in real-world conditions.”
“Our research also shows that many networks require expensive hardware just to achieve modest transaction rates, which is neither technically impressive nor decentralized. By focusing on verifiable data from live networks, we can shift the conversation toward meaningful performance metrics that actually impact usability, cost-efficiency, and decentralized adoption.”
Findings also show that only four out of the 22 blockchains achieve a double-digit TPS/cost ratio. This low percentage highlights that most networks require high expenditures to reach modest transaction rates. Many networks fall short when the real cost of running a node is considered. Users and developers face a challenging landscape where performance is not always backed by cost efficiency.
Rather than dismissing other chains, Taraxa calls for more transparent, verifiable and balanced metrics for comparing blockchains. The research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.
Overall, the research challenges common industry practices that rely on overly optimistic theoretical metrics. The market often relies on figures generated under ideal conditions that rarely match everyday use.
By basing this study on data from live networks, the Taraxa team provides a more grounded look at blockchain performance. The focus on cost efficiency and real-world conditions helps set a new standard for performance reporting.
The post Taraxa Report Reveals 20X Overestimation In Blockchain Throughput appeared first on News, Events, Advertising Options.
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