Just recently, we proudly announced our collaboration with the Moonbeam Network. In this series of Q&A, Authtrail CTO Tadej Vengust offers his take on why this was the right decision for Authtrail‘s growth, our users, and our plans ahead.
Why does Authtrail need blockchain technology?
The core business and mission of Authtrail is to provide and secure integrity to enterprise data. And the key to integrity is that data remains immutable and trackable from the moment it was created throughout its lifecycle.
Blockchain technology is currently the only way of ensuring the immutability of data on a software level. For the first time in the digital world, data integrity can be mathematically enforced and guaranteed, without the need for a trusted third party in human or institutional form to guarantee the legitimacy of data.
In the context of data management, the protocol of distributed ledger technology provides mathematically enforced immutability of data, traceability back to its origins, and transparency of complete edit history.
And this is precisely what Authtrail users need.
What blockchain network sustains Authtrail?
When we started building Authtrail a couple of years ago, we went with Ethereum as the core blockchain layer. But soon, the prices of Ethereum-based transactions skyrocketed and their (lack of) speed couldn’t keep up with the needs of enterprise users. So we had to switch to a more sustainable, scalable, and affordable network.
Thanks to its Ethereum compatibility and other perks of the ecosystem, we decided to go with the Moonbeam Network. Once it’s launched in Q4 2021, it will serve as the main network powering Authtrail solutions.
Still, Authtrail – in its essence – remains blockchain-agnostic, meaning it retains easy pluggability to other blockchain networks, even private ones. This makes Authtrail more agile as it better responds to different enterprise-level demands while growing with the ever-evolving blockchain ecosystem.
What are the main benefits of Moonbeam?
As a company that is oriented towards growth and development opportunities, Authtrail shares Polkadot’s vision of a multi-chain future. Moonbeam serves as an extremely straightforward on-ramp to the Polkadot ecosystem, which allows us to communicate with other parachains and even to develop our own parachain. The dynamics of future expansion will depend on the overall development of the ecosystem. Still, as its members, we’ll be able to leverage its flexibility and newly designed solutions to grow and expand with them.
Polkadot was built to support the creation of parachain networks for individual use cases, allowing projects to design their own blockchain infrastructure to support specific functionalities and goals. This way, individual networks don’t get overwhelmed and clogged up, as in the case of Ethereum, which was built as a general-purpose blockchain network. Polkadot-based Moonbeam is thus much more scalable and enables incomparably cheaper blockchain transactions, which is especially important for our enterprise users.
For developers looking for alternatives to Ethereum, Moonbeam is the right call thanks to its Ethereum compatibility, extensive development tool support, integrations, and shared account structure. At Authtrail, it only took us hours to switch from Ethereum to Moonbeam while still leveraging the tools and development frameworks we utilized previously.
How does Moonbeam support the main functionalities of the Authtrail Platform?
The main Authtrail functionalities, namely the hashing, anchoring, and verifying of data, remain just as thorough as on the Ethereum network. With Moonbeam, however, these transactions become incomparably faster and cheaper.
As a Polkadot parachain, Moonbeam also leverages its underlying security protocols, shared among parachains from the Polkadot relay chain. And if need be, Moonbeam will allow us to easily connect with other parachains and harness connectivity opportunities that might emerge in the future within the Polkadot ecosystem.
How does Moonbeam benefit Authtrail users?
Authtrail is all about bringing hands-on benefits of blockchain technology and data integrity to enterprise users. With Moonbeam, the perks are notable at first sight.
Lower costs of transactions respond to every company’s need to rein in their spending. Still, they can continue benefiting from advanced technology, transparency, and traceability of data which remain as powerful as previously on Ethereum.
We understand that enterprise end-users might find the technology behind a product very abstract and not all that relevant. While they don’t necessarily grasp the technological value of transitioning from Ethereum to Moonbeam network (nor do they need to), they could certainly notice a significant cut in fees and costs after using Moonbeam-powered Authtrail Platform.
In a nutshell, Moonbeam is the right fit
Within such a swiftly evolving domain as the distributed ledger technology, we know it’s imperative to remain future-oriented and to create products that will stand the test of time.
Much like various protocols power the Internet and its services but remain invisible to end-users, so does the Polkadot ecosystem support a multi-layer approach that provides them with advanced features, proven scalability, and high-level security.
Now that Authtrail will leverage the Moonbeam network, lower transaction costs will boost our competitiveness, while improved scalability will make the Authtrail Platform completely future-ready.
We’re confident that a merge of both sides – advanced blockchain-based data management functionalities and a straightforward Authtrail Platform – will boost adoption of the technology in the enterprise arena by solving everyday data issues affordably and reliably.