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Tassets was founded with the idea to support micro, small and medium enterprises leverage their existing real-world assets like invoices and give them the right value for these assets.
Financial institutions mostly demand collateral for security aside from collateral on hand and sometimes set a margin condition. However, Tassets seeks to eradicate the pain points involved with accessing financial assistance. Hence, they have designed their products based around invoice tokenization and confirmation leading to smooth transaction backed finance.
It has so far developed highly advanced solutions for invoice tokenization and endeavors to meet the credit gap in a supply value chain. MSME tokens are one of their most loved products. Some products developed over the same include Value Chain Finance, Procurement Finance, Receivables Finance and Cash discounting solution.
Tassets platform is user-friendly and facilitates easy operations for much simpler solutions and removes cash-flow challenges in the value chain leading to lower possibility of supply chain disruptions.
Built on an Enterprise Blockchain protocol HyperLedger Fabric, the solution is a unique proposition as it enables the movement of MSME tokens within the supply chain. This helps deep-tier MSMEs (tier 2 and tier 3 vendors) avail credit predicated upon comfort drawn on well-rated Anchors at a reasonable rate of interest thus creating value for all the participants (MSMEs, Financial institutions, and Anchors).
Select integration points for the legacy systems to integrate with the new system architecture. Design the Blockchain deployment architecture to ensure scalability and cost efficiency with optimized deployment costs.
The enterprise-grade HyperLedger Fabric Blockchain deployment architecture that provides for a higher degree of stability, security, and scalability.
The Blockchain Deployment needs to be cloud agnostic, so that stakeholders will not be locked in to a particular cloud service provider.
The continuous monitoring of the deployed network 24/7 in order to ensure 100% uptime and reliability..
The enterprise level support for the Blockchain networks, nodes, and decentralized applications.
Zeeve’s solution to meet Tassets’ challenges
Zeeve's Blockchain DevOps automation platform aided Tassets in designing a robust and optimized deployment architecture and environment for its invoice discounting and tokenization platform. This includes creating the local environment, setting up the AWS infrastructure, deploying HyperLedger Fabric network and nodes, integrating GIT and Kubernetes for efficient DevOps.
The deployment of HyperLedger Fabric 2.2 network was done using Kubernetes cluster on AWS.
After the completion of the Fabric network deployment, Zeeve platform empowered Tassets to chaincodes on the Fabric network. Chaincode has followed the UTXO model for tokens management.
The Zeeve’s onboarding workflow was configured to onboard the initial node owners on the Tassets platform.
Zeeve supports enterprise-grade deployment and management of Blockchain networks and nodes on the leading Blockchain protocols like HyperLedger Fabric, HyperLedger Sawtooth, R3 Corda, and Fluree.
Zeeve’s web3 infrastructure automation platform helped us to solve all the challenges about the Blockchain deployment architecture, DevOps requirements and security. The support has been impeccable and we can now focus fully on our business development and the roadmap.- Harender Singh | Cofounder & CTO, Tassets
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