Web3 Gateway
Web3 Gateway is a company's gateway to Web3, including all blockchain ecosystems in which it is involved.
There are various blockchains, token economies, and business networks.
FireFly is a pluggable API Orchestration and Data layer that integrates with many kinds of decentralised technologies that are available in Web3, instead of another blockchain implementation:
- Layer 2 scaling techniques, public blockchains, side chains, and app chains
- Blockchains with permissions and distributed ledger technologies (DLTs)
- solutions for decentralised storage
- Ecosystems and standards for tokens
- DAOs, DeFi solutions, and smart contracts
- Rails for secure, off-chain communication
- solutions for advanced cryptography
- Identity structures
The hyperledger ecosystem for SmartFalcon can be divided into three main components: the network, the application, and the user interface. The network is the infrastructure that allows the application to run. It consists of the nodes that make up the network, the ledger that stores the data, and the consensus algorithm that ensures the validity of the data. The application is the software that runs on the network. It is responsible for executing the transactions and maintaining the state of the ledger. The user interface is the interface that the users use to interact with the application. It is responsible for displaying the data in the ledger and allowing the user to submit transactions to the network.
During the past ten years of corporate blockchain projects, architects and developers have come to the conclusion that their projects require much more than just a blockchain node to be effective. Early engagements with custom-built blockchains were frequently multi-million dollar, multi-year enterprises that had trouble entering production.
Web3 has emerged around topics like non-fungible tokens (NFTs), the metaverse, and decentralized finance (DeFi). Businesses are eager to adopt these disruptive technologies and the possibility for new business opportunities. However, creating decentralized applications requires a broad range of interoperable Web3 and conventional IT technologies that function as open-source company building blocks.
This new kind of decentralized orchestration layer is offered by the Web3 Gateway SuperNode between existing business systems and Web3. It lessens dependency on proprietary technology or custom-written code and enables the value shift in open network systems. It eliminates the complexity layers that exist between high-level business processes and user interfaces and low-level blockchain, allowing developers to concentrate on creating business logic rather than infrastructure.
Web3 Gateway improves developer efficiency and fills a hole of previously absent features to assist businesses construct safe and auditable connections to Web3's open ecosystems by preventing them from "reinventing the wheel" only to connect to it. By accomplishing this, businesses adopting FireFly will have an advantage over rivals who are unable to properly transition to Web3.
The best features of both public and private blockchain technology are combined on a single platform by the open-source design of Web3 Gateway. Additionally, it offers businesses a critical step toward interoperability with its multi-chain capability. By utilizing Web3 advancements like smart contracts and NFTs rather than starting from scratch, businesses can swiftly launch projects on FireFly while simultaneously meeting enterprise needs for straightforward APIs, dependable delivery, and robust connectivity. By offering a blockchain-neutral platform on which to build, FireFly also aids in "future-proofing" these apps.
Standard digital assets like ERC20, ERC721 and ERC 1155 as well as popular communities like Ethereum (Quorum, Hyperledger Besu, Geth, public mainnet), Hyperledger Fabric, and Corda have built-in integrations and support in Web3 Gateway.
In a short amount of time, Web3 Gateway has advanced significantly. We are pleased with how quickly the project and community have expanded, as well as how swiftly businesses and consortiums are embracing the technology.
