RESTON, Va.--(BUSINESS WIRE)--Today, Sequoia Holdings Inc., a leading software company, announced the launch of SEQNet, a blockchain-based software-development platform that will allow commercial application developers and government agencies to create, test, and deploy smart contract applications.
"SEQNet has the potential to modernize U.S. government operations, particularly in the defense and intelligence communities," said T. Richard Stroupe, Jr., President and CEO of Sequoia. "Government organizations interact with hundreds of suppliers, vendors, and other parties in their daily operations. Blockchain technology can automate those transactions and ensure they're performed more efficiently and securely -- at lower cost."
Blockchain-based smart contracts can securely log every agreement, process, task, and payment in a digital record that can be easily identified, validated, shared, and stored. Automating all this work would enable the government to accomplish its work faster -- and save millions of dollars.
Unlike any other blockchain-focused software-development platform, SEQNet operates as a blockchain-as-a-service (BaaS) via application-programming interfaces (API) in an "air-gapped" environment that emulates the secure environment used by the intelligence and defense communities.
Sequoia's unique cloud emulation service Combine gives commercial and government partners the ability to build, test, and deploy blockchain-based smart contract applications for use in unique government cloud regions.
By making it easier for commercial vendors to build software for the government, SEQNet will speed the timeline for app development, give government leaders more choices, and save taxpayers millions of dollars.
To launch the platform, Sequoia is partnering with Blu Venture Investors, a Washington, D.C.-area venture capital firm and Noblis, a nonprofit science, technology, and strategy organization in Virginia, on research and development efforts in blockchain. Through these partnerships, as well as workshops and the development of case prototypes, Sequoia aims to form a blockchain ecosystem to meet the needs of the public sector.
"Blu Venture Investors is excited to be part of SEQNet," said J.S. Gamble, Managing Principal of Blu Venture. "As the platform is deployed, Blu Ventures will expand blockchain capabilities for our portfolio companies, and develop and invest in new blockchain-based technologies and business models."
"In addition to our blockchain initiatives with the Government Blockchain Association, Noblis and Sequoia are actively working together to advance the migration of technologies to cloud environments -- including the Government's Commercial Cloud Services (C2S) infrastructure," said John Fant, Director of Special Intelligence Programs at Noblis.
Sequoia is an award-winning, employee-owned provider of high-end software development and engineering services centered on improving the analytic, collection, collaboration and sharing of data. Headquartered in Reston Virginia, we’re a team of passionate, dedicated individuals who love collaborating to build exceptional software products and solutions. Sequoia provides engineering and analytic solutions to the national security sector, including the US intelligence, defense and homeland security communities.
For more information, visit www.sequoiainc.com.