What Is Stratis?
Launched in 2016, Stratis is a blockchain based service platform that allows businesses and other
entities to adopt blockchain services by customizing them according to their needs. It has its own
token by the name of Stratis (STRAT).
From creation and testing to deployment, Stratis provides complete blockchain solutions for its
users to create their own blockchains through the Stratis platform.
The company aims to offer these services to a range of companies including but not limited to
medical institutions, fintech corporations, data management services and product tracking initiatives.
Regardless of its size, any business or institution can avail blockchain creation and customization
solutions through Stratis, since it offers complete personalization to its users for their blockchain
The company also provides consultation services for blockchain where it collaborates with
organizations to help them develop features and program functions for blockchain platform.
Interested corporations can contact Stratis through its website.
How does Stratis work?
STRAT can be utilized by its users to avail multiple functionalities within the Stratis platform.
STRAT uses a proof-of- stake model.
Since Stratis will be facilitating business in launching their own blockchain based solutions, these
new blockchains’ can be launched through the Stratis blockchain network as sidechains’, which also
saves the users costs of hosting and creating a separate blockchain network altogether.
Due to its scalability capabilities, Stratis blockchain can be used in an array of functionalities, ranging
from shared financial data to the recording of scientific data, as well as consensus and governance
Having information and functionalities available through a decentralized blockchain based platform
does not only improve the security of corporations and businesses that choose to go with this
option, but also ensures that any information that is being shared through secure means, remains
accessible to all authorized users without the possibility of altering any data that is meant to remain
The Stratis platform uses C# blockchain on .NET framework.
The company boasts of a full C# rewrite of Bitcoin’s protocol and consensus by the name of
nStratis. The blockchain hosting is done at the company’s platform called Cloud Stratis.
The History of the Team
Stratis was founded by Chris Trew who serves as the company’s CEO.
Trew has worked in enterprise IT since over a decade and has worked with organizations ranging
from aviation to local government institutions.
Recent cryptocurrency news
Australian blockchain startup ShareRing has been announced as one of the founding companies of MOBI, a new consortium aiming to integrate blockchain technology into the automotive industry. MOBI, which stands for Mobility Open Blockchain Initiative, [...]
A stable coin is something used by cryptocurrency traders to temporarily cash out of a position. They're usually pegged to the price of 1 USD, so one will always be worth 1 USD. When anticipating [...]
After what can only be describes as another disappointing month for bitcoin and cryptocurrency markets alike. Investors are wondering when prices will turn back around. Bitcoin began the month strongly after pushing up to around [...]
Roughly one month ago a renowned Islamic scholar declared that bitcoin was permissible under Sharia law. Opening up the world of cryptocurrencies to 1.6 billion muslims worldwide. Fast forward one month and a London Mosque [...]