Orbs is a public blockchain infrastructure designed for businesses looking at trust as a competitive strategy.
Orbs is based on the perspective that businesses and applications that incorporate public blockchain into their infrastructure can, by providing these guarantees, provide their users with benefits that are not possible with traditional infrastructure. Furthermore, public blockchains allow multiple parties to collaborate in trustless environments, thus creating opportunities for many parties or businesses to come together to create solutions that could have never been imagined before because many of the risks of collaboration are removed. The ability to provide these guarantees and facilitate this collaboration are the primary benefits provided by the Orbs network to enterprises.
The Orbs platform is built as a decentralized, open and transparent network providing public blockchain Infrastructure as a Service (IaaS) for large scale uses. As a hybrid blockchain that serves as a productivity layer in the blockchain stack, Orbs is the first customizable public blockchain designed to provide flexibility for the ever-evolving needs of real businesses. Unlike other blockchain projects that focus on purely decentralized apps, Orbs focuses on existing mainstream businesses and allows them to make their existing apps better. Orbs provides the cloud infrastructure to facilitate their transition to blockchain.
Ethereum and other current blockchain infrastructures aren’t capable of delivering some key requirements for businesses with high levels of usage. From network congestion, to unpredictable fee structures and more, current systems are simply not designed to address the actual needs of real-world businesses..
Due to its unique focus on existing business, Orbs has succeeded in creating innovative technology and designing an architecture that allows enterprises to access the benefits of public blockchain without these downsides. To accommodate business needs, Orbs is pioneering a hybrid consensus architecture, keeping businesses in control of costs, governance and guaranteed performance, while still capturing the disruption of a truly decentralized Proof-of-Stake ecosystem with a permissionless validator pool.
Founded in 2017, Orbs is being developed by a dedicated team of more than 40 people out of its offices in Tel Aviv, Israel; San Francisco, California, Singapore and Seoul, South Korea. Orbs was named Gartner's “Cool Vendor in Blockchain Technology” for 2018.