Taiwanese Startups Launch Blockchain-Based IoT SaaS Platform

BiiLabs, a firm that claims to be dedicated to developing blockchain solutions for the internet of things (IoT) ecosystem, has joined forces with SoftChef, a Taipei-based business-to-business (B2B) IoT enabler and software-as-a-service (SaaS) firm, to launch a new IoT SaaS platform dubbed Benchy-Alfred, reports Digitimes, September 30, 2019.

BiiLabs SoftChef Unveil DLT Solution

Per sources close to the matter, BiiLabs and SoftChef, two Taiwan-based startups focused on making the world a better place with new technologies, have come together to launch Benchy-Alfred, a software-as-a-service (SaaS) platform for machine-to-machine (M2M) encrypted internet-of-things (IoT) data.

Specifically, the team has revealed that the platform supports highly secure and cost-efficient data exchange with M2M services in a vast array of industries, giving clients of both SoftChef and BiiLabs versatile and highly functional applications.

How it Works

According to the team, when a data exchange operation is initiated by a connected device on the Bench-Alfred platform, a transaction notification will be sent immediately to the public blockchain powering the platform via its application programming interface (API), bringing to life a “tamper-proof-digitally signed timestamp of encrypted data.”

Importantly, the firms have made it clear that the SaaS design underpinning the BiiLabs Alfred API is very effective in various use cases including proof-of-existence (PoE), decentralized identifiers (DIDs) and more, as users do not necessarily need to be blockchain experts to utilize the platform.

BiiLabs and SoftChef claim the platform is built in a way that makes it possible for users to handle the API gateway as normal input/output traffic regardless of whether the entire storage is fully distributed.

Notably, the team has stated that the Benchy-Alfred platform can be used to develop robust peer-to-peer (P2P) applications, mobile apps, and others – and it saves developers the stress of implementing their own P2P networking layer from scratch.

This excellent functionality makes it possible for developers on the platform to focus on building the application logic and leave the replication aspect for Benchy-Alfred to handle.

The team says Benchy-Alfred will enable existing users of SoftChef’s sensor.live IoT platform to easily encrypt data stored on their devices and share the data in the sensor.live community in a secure manner.

It’s worth noting that Taiwan, an East Asian nation inhabited by nearly 24 million people have a vibrant cryptocurrency ecosystem and the government is currently hatching plans to create a national blockchain alliance that would see to the integration of DLT into various sectors of its economy.