Ocyan smashes the cost of blockchain

Gabriele Cacciola, Ocyan Co-founder and Head of Technology, explained in an interview with Coin Rivet during the TEKSystems Blockchain Networking event in London last night, that his firm “is the cloud platform that enables faster and more economically accessible adoption of blockchain for any business.”

He said that currently blockchain technology in itself is not that expensive, “what is costly, however, is hiring blockchain experts like us. But through our platform, anybody can experiment with blockchain for as little as £10.”

Ocyan provides enterprises with its “infrastructure solution that we can tailor to the needs of each company or business.” Cacciola prefers businesses use their existing platform to save money, “because, yes, we can develop a blockchain solution for each enterprise, but the minimum cost of that is about £25,000.”

As soon as legislation is in place, open ledger technology will be widespread within two years, he believes. “Demand for blockchain solutions is huge and increasing daily so yes, all businesses must consider its implementation to reduce costs, increase efficiency and profits, and offer clients better products and services.”