NOVA is developed as a “put the blockchain to work” product. NOVA includes a Blockchain workbench that connects protocols and decentralized apps together with a vast array of software modules that can support any type of business.
With NOVA, you can quickly plan, design and implement a completely new blockchain solution in any industry, and save huge amounts of time and money.
The core capabilities of Nova centre around the rapid development of Blockchain solutions with a workbench that can be deployed on the public or private Blockchain.
Nova is designed to easily fit architectures supported by major providers. The downloadable diagram below (Core-capabilities.pdf), shows potential Azure implementations on Ethereum. The template allows you to pick modules and components to deploy including blockchain stack, type of client application, and support for IoT integration. Once deployed, the Blockchain Workbench provides access to Web, iOS and Android apps. Beyond IoT integration, enterprises can also leverage Azure resources for AI/ML.
NOVA can alleviate the burden of developing a secure and scalable foundation platform that integrates with your (or a 3rd party) blockchain application. Alternatively, let NOVA become the complete end-to-end solution by outsourcing the development of your specific blockchain application directly to us.
NOVA ensures security and auditability by incorporating the ISO27001 framework and only utilising enterprise-grade solutions for operations, internet & data security, storage and encryption.
As an integrated family of products focused on dramatically improving the ability to migrate to a Blockchain platform and to derive benefits that the Distributed Ledger Technology (DLT) / Distributed Application (DAPP) structure brings to various core business processes executed as B2B Smart Contracts.
By utilizing NOVA, we can quickly create Smart contracts for token transfers and deploy Blockchains on various protocols whilst providing comprehensive back end functions and management tools.
Based on your industry, business priorities and applicable governing rules, we can plan, conceptualize, design and implement a complete blockchain solution.
NOVA is designed to work with a number of protocols and consensus algorithms. For each Blockchain application, a different protocol and/or consensus may be required to achieve optimal performance.
Optimal performance is often achieved by combining protocols and consensus. NOVA boasts interoperability between protocols and consensus to support the same. Data streams can be divided in separate channels. This allows for a multi-ledger-based architecture that includes sidechains with various throughput speeds and permission structures.
It is clear that PoW (Proof of Work) consensus algorithms have major limitations, specifically in terms of power consumption and scalability. NOVA regard PoA (Proof of Authority), PoS (Proof of Stake), and it is variant DPoS (Delegated Proof of Stake), to be the most suitable alternatives. However, there are many applications that require full decentralisation. Until such time that new protocols and consensus algorithms are developed, we cannot disregard PoW and its more sustainable variant DPoW (Delayed Proof of Work) as a whole.
NOVA outlines a new breed of consensuses algorithms that utilise either a PoET, PoW, DPoW, PoA, PoS or DPoS algorithm or a combination of these, thus creating a hybrid mechanism. Please view the downloadable diagram below (NOVA Interoperability schematic .pdf)
NOVA is currently integrated with Hyperledger Fabric and Ethereum. Because IOT Devices and protocols support different programming languages, forms and structures, interoperability is a challenge. To overcome this challenge NOVA uses “Service Busses & Logic Apps” in combination with an anchoring protocol for audit purposes. This process ensures high immutability of the sidechain.
Every blockchain project requires a specific input of data and data processing according to a detailed set of governing rules. We analyze a business case, supply a core platform with management tools on which we develop specific smart contracts and (D)APP’s that provide the regulatory compliance, efficiency and public audibility required.
NOVA ensures security and auditability by incorporating the ISO27001 framework and only utilising enterprise-grade solutions for operations, storage, encryption and security.