Chain: Enabling an Innovative and More Connected Economy with Blockchain Technology

Blockchain-based business models are causing a paradigm shift in how business will be operated in the coming years. Given the rise of the digital global economy and the decentralized applications enabled by blockchain, the impact of this technology has been revolutionary.

Chain, a leading developer of blockchain-based software solutions since 2014, is on a mission to bridge the gap between traditional retail industries and the Web3 economy. Deepak Thapliyal, an accomplished Web3 entrepreneur, with a background in business and technology, currently oversees Chain’s operations to establish a smarter and more connected economy.

Adapting to Fluctuating Market Conditions

While remaining an industry-leader since the early days of blockchain, Chain has become well versed in learning how to adapt and respond to volatile markets. As this emerging technology is still in its infancy, Chain has been able to move forward with its operations, and provide responsive solutions to its partners during times of market instability. With the advantage of a globally remote team, a colleague is always on standby to address any inquiries or concerns from leadership and clientele.

The Chain Ecosystem

The Chain Ecosystem provides custom solutions to meet the needs of their clients by leveraging an array of technical solutions. Chain Cloud, a decentralized and distributed cloud infrastructure, is designed to allow developers to access blockchain networks instantly. With over 18 EVM-compatible public blockchain networks at their disposal, developers can satisfy the demands for their Web3 products. And with the ability to manage nodes through a custom dashboard, smaller businesses can utilize this program without any technical knowledge needed. Additionally, the company also offers Sequence, which is a cryptographically-secure blockchain ledger service. Using this, clients can manage balances in a variety of financial and commercial applications, including marketplaces, lending platforms, crypto exchanges, and wallet apps. Lastly, Chain’s NFT-as-a-Service empowers leading brands and organizations to create their own custom NFT product that is suited to their business objectives. This NFT product may be a physical or digital collectible, powered by blockchain technology and smart contracts.

Chain continues to assist industry leaders across the board develop products that go beyond the limits of the physical world. Chain has provided numerous enterprises with unaltered and immutable transactional records, as well as a smoother experience to manage private blockchain networks.

Leading a Team of Ingenious Talent

At the helm, Thapliyal oversees the vast operations of the team while ensuring that the company’s mission and objectives are fulfilled. While managing a globally dispersed team might seem daunting to some companies, Thapliyal embraces his team’s talents and notes the strong bond they have with each other regardless of time zones. In essence, every member of the expanding team bands together to brainstorm on projects and contribute their unique talents under Thapliyal’s leadership. The team is always prepared to shift gears at the drop of a hat; in response to ever-changing market swings. In addition, the team excels in dealing with complex challenges and tasks, and is determined to achieve Chain’s purpose, despite coming from diverse backgrounds and all walks of life.

Becoming Familiar with Blockchain Technology

“Managing blockchain nodes is generally complex and requires significant development and hosting resources,” Thapliyal explains. As a result, adopting a SaaS model that considers the complexity of node operations and maintenance may easily address these concerns. These solutions will free up resources for developers and minimize expenditures, allowing businesses to focus on their own product and better connect with the demands of their users.

Further, cryptography, distributed systems, databases, and financial assets are required to ensure a secure and impenetrable environment for the financial sector. Managing these features may be extremely complex and time-consuming to monitor. As the world continues to soften up to the idea of blockchain, they will need the appropriate tools to execute their business

Exemplary Leadership

Chain’s initiatives are particularly noteworthy in the Web3 marketplace. With Deepak Thapliyal’s tunnel vision paired with his deep involvement in the crypto community, he has established long-lasting relationships with executives across various industries. The Web3 services used to power Chain’s partnership projects have been effective in meeting their client’s goals, by taking an organic approach towards blockchain technology.

Unlike the widely used Ethereum network, Chain’s blockchain software enables a complete private network without public access or miners. Although institutions should be able to run a blockchain adapted to their business model and based on their customers’ private needs, functioning on a public network is significantly less efficient, and is unlikely to serve the institution’s best interests. Chain has effectively implemented blockchain technology into modern financial institutions with prolific clients such as Visa and Nasdaq.

Chain intends to continue providing leading blockchain infrastructure solutions under Thapliyal’s executive leadership. His team of handpicked directors are determined to spend the next five years leading brands in retail, sports, entertainment, and finance into the Web3 ecosystem. Thapliyal comments, “We’ve noticed that many people are still confused about blockchains and cryptocurrency, which we hope to address with our suite of services. We want to encourage retail investors to take advantage of Web3 and everything it has to offer.”

Assessing the Future of Blockchain

As an established thought-leader in the Web3 space, Thapliyal anticipates significant developments and breakthroughs for the blockchain industry in the foreseeable future. Currently, the global market cap for cryptocurrency is closing in on a trillion U.S dollars, and that number is steadily increasing. He expects exponential growth for the upcoming years, before markets begin to stabilize. He mentions that current Web3 applications are too focused on the underlying technology rather than demonstrating a practical use case and a pleasant user experience. The Web3 veteran advises builders, enthusiasts and entrepreneurs alike, to simplify their ideas and applications, while making their products easier to digest. Thapliyal concludes, “Blockchains will make the world more connected and transparent, and it will be up to the pioneers to solve problems by developing real-world use cases, and embracing the inadequacies in their products,”