EROX, the Enterprise Super Solution Explained
Software as a Service
Software as a Service or SaaS is an important software distribution model which involves third party-providers hosting over the air applications to end users. Centralized service providers give customers network access to these applications and store user data either locally or on the cloud. Businesses have to rely on the SaaS provider to facilitate a secure environment for their data. This leaves data vulnerable as locally stored and cloud based data are at risk of being stolen by hackers, being damaged or even lost. A security breach could have a profound effect on a business. Decentralized cloud-based solutions alleviate this risk by distributing data in chunks over a peer-to-peer blockchain based network.
RiveX envisions an economy where both individuals and enterprises can securely store their data using blockchain or decentralized ledger technology. Using blockchain coupled with a common networking and database solution, there will be no single entity governing user data which eliminates any single point of failure.The RiveX hybrid chain model allows individuals and enterprises to selectively choose which data sets are made public, and which are made private. This revolutionary model bridges centralized and decentralized systems by allowing businesses to proceed with their own current processes and only migrating data sets that require the RiveX solution.
RiveX BaaS Model
Blockchain as a Service (BaaS) is one of the core components for RiveX’s revenue model. BaaS is the modernized Software as a Service (SaaS) in the decentralized world enhanced by the strength and uniqueness of blockchain technology. Customers are able to leverage cloud-based solutions to build, host and use their own blockchain applications, smart contracts and functions on the blockchain while the cloud-based service provider manages all the necessary tasks and activities to keep the infrastructure agile and operational. It is an interesting development in the blockchain ecosystem that is indirectly aiding the blockchain adoption across businesses.
Individuals can either choose to be the provider or the user. By being a provider, the individual will be incentivised for assisting the network by pledging their own unused storage (becoming a storage node) or by assisting in securing the network during data retrieval (becoming a validator node). Being a user, the individual will be given assurance on data availability as well as the option to share their data set publicly or privately (encrypted).
Enterprise File Share and Sync (EROX)
Enterprise File Share and Sync — (EROX) is a product by RiveX under the BaaS model which comprises of an online office suite, featuring tamper-proof digital signatures, blockchain name service (BNS) and Interplanetary File System (IPFS) technology. The design of EROX has benefited from the collaboration of ideas formed to solve problems faced by various organizations representing many industries. Enterprise ultimate need’s has been a key element of this design process. The requirements needed by industries formed the original basis of EROX.
The motivating problem, regardless of industry or geography, is the same inefficient pattern in today’s business environment. Imagine an all-in-one desktop and mobile super-application specifically catered for enterprises. EROX, an enterprise super-solution is here to fix it. EROX is comprised of the following:
xOffice — A powerful online office suite that supports all major document, spreadsheet and presentation file formats, which you can integrate in your own infrastructure. Key features are collaborative editing and excellent office file format support.
xSign — Blockchain-based digital signatures for any type of documents. Enhance your workflow and security of sensitive files, the next-gen digital signature which comes with world class security and privacy.
xBNS — Blockchain-based domain name service. xBNS enables engagement between IPFS hashes, smart contracts and wallet addresses.
RIVEX.TV — A decentralized protocol and network designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system. Similar to a torrent, RIVEX.TV allows users to not only receive but host content.
Advantages of using EROX
Flexible payment scheme: EROX offers users a subscription based payment scheme with increasing tiers which allows customers to customize their package according to their needs.
Scalable usage model: Customers can take advantage of high vertical scalablity allowing them access to more or less features on demand.
Automatic updates: EROX performs automatic updates on all provided software which removes the need for customers to perform software maintenance.
Accessibility and reliability: EROX software is built on blockchain delivered over the internet which provides rock solid stability and allows access to customers anywhere with an internet connection.
RiveX is a chain agnostic interoperable layer-2 solution across different blockchain protocols. RiveX aims to empower the next generation of decentralized applications, decentralized finance and enterprise solutions. RiveX has comprehensive interoperable DeFi solutions such as RX Wallet which aims to integrate DAPPS from different blockchain protocols to enable an interoperable DeFi ecosystem within RX Wallet itself. The first DAPP which RX Wallet has already integrated is WRDEX. Another core product powered by RiveX is the world’s first cross-chain DEX called WRDEX.
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