October 17, 2017 4:45 PM, EDT

One Network Adds Blockchain Option

One Network Enterprises launched a blockchain application called One Chain to allow companies to execute blockchain-backed processes with their trading partners.

One Network has 60,000 clients operating in the consumer packaged goods, health care, automotive, retail, logistics, public sector and defense industries, according to the company.

“Traditional blockchain approaches make many compromises around confidentiality, performance and onboarding [adding new participants],” Ranjit Notani, co-founder of Dallas-based One Network, said in a statement. “Our new One Chain solution overcomes these compromises and allows game-changing multi-party blockchain apps to be built while making them available to existing trading partners on [its cloud-based] real-time value network.”