At skalex, we’re proud of the companies we work with and the products we’ve built. From time to time, we like to share case studies about our clients and the projects we’re working on. This case study focuses on a Chinese company providing pharmaceutical supply chain solutions.
After a quick design, prototyping, and development timeline, skalex successfully deployed a minimum viable product in less than six months. The supply chain management platform is a set of custom-developed Ethereum smart contracts that work together to emulate the real world supply chain. This blockchain application allows the client to guarantee the authenticity of the drugs it produces. Long term, further stages of development will allow the client to share that information with consumers and regulators to ensure quality standards.
The client is in the process of digitizing their supply chain records. Currently, many records in the factory and corporate offices are still kept on paper. The project’s vision is a transformation of their supply chain that takes care of both digitizing records and placing those records on the blockchain in one fell swoop.
Of course this presents many challenges, but it’s also an opportunity to design and implement a blockchain solution purely from scratch. The client considered a long list of ten candidate blockchain development companies. After due diligence, that list narrowed to two candidates. Following interviews and business meetings where skalex consultants shared their approach and past success stories, the client selected skalex as their pilot partner for the first stage of development.
skalex’s consultants visited China to gain an in-depth understanding of the supply chain and needs. There, they met with the company’s executives, toured the factory floor, and learned about the various stages of the pharmaceutical supply chain. Various compliance and quality experts throughout the manufacturing process have to sign off on each stage of fabrication. As a result, skalex’s developers recommended an Ethereum smart contract-based approach where assets can be managed autonomously and approvals added to blockchain records.
After fact finding and initial considerations, skalex’s developers began work on the initial product in January 2018. A little over a month later, in February 2018, skalex shared the initial working product with the client. This fast turnaround time for custom blockchain development is a hallmark of skalex’s agile and results-oriented approach. Work on phase two of the project is currently in the proposal stage.
The basic infrastructure skalex created will eventually expand to include many integrations, partners, and services. The client hopes this custom blockchain pharmaceutical supply chain will serve as an access point for at least three major stakeholders. First, the company itself and its partners will be able to review the supply chain in real time and quickly identify any issues or bottlenecks. Second, pharmaceutical purchasers will be able to track the provenance of the drugs they buy to confirm their authenticity. Finally, the regional and national Chinese government will be able to access a digital version of the company’s supply chain, greatly reducing the need for in-person inspections and other forms of oversight.
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Most ICOs/STOs require participants to download an entire blockchain and set up a local wallet. This can exclude investors who are less technically savvy, seriously restricting the market for support. skalex’s system facilitates multi-currency funding from a wide variety of platforms, whether it’s an exchange trading account or hosted wallet like Coinbase or BitPay.
Most ICO crowdsales are only open for 3-8 weeks. Many ICO holders want a custom exchange so their coins can be traded after the official launch. skalex has been developing cryptocurrency exchanges since 2013, and we can develop an exchange tailored to your project’s needs.
As veterans of crypto-exchange software development, we understand the importance of security. Our software’s multi-layered security system provides our exchange partners the strongest protection at all times.
The cxClient is the frontend user interface of our exchange software. It is responsible for rendering everything that investors (end users) see in their browser.
It allows users to sign up, log in, place buy / sell orders, view their trade history / purchased tokens, view balances, deposit/withdraw digital assets, upload KYC documents and view charts.
Changes to the design and layout all take place in the cxClient. The cxClient also features Google Authenticator and email-based two-factor authentication as security measures on the frontend side.
The cxServer processes everything that comes from the cxClient side. It retrieves the user input from the cxClient and then writes it into the database cluster.
Put differently, the cxServer is the API between the cxClient and database cluster.
If an investor signs up, for example, the cxClient forwards the input information to the cxServer which subsequently writes the information into the database cluster.
skalex Software provides the option of adding a wide range of extra features, which allows an even better customization of the exchange.
From liquidity features like the Internal Distributed Shared Orderbook (DSO) to security and admin features such as KYC Implementation or the Token Holder Discount Program, we offer options that guarantee high flexibility, security and customization.
The cxEngine module matches trades on the exchange.
Moreover, the cxEngine is also responsible for providing the data in the order book, reviewing and executing transactions, and calculating account balances.
The cxWallet is the multicurrency wallet module which stores all cryptocurrency funds.
If an exchange offers three tradeable cryptocurrencies (e.g. Bitcoin, Ethereum and Litecoin), the cxWallet will contain three separate wallets. Each wallet will be synced up with each cryptocurrency’s respective blockchain.
The cxAdmin module provides the administrative interface for the exchange operator.
cxAdmin It is the equivalent of a business intelligence and management software. Within the interface, admins can approve deposit/withdrawal requests, manage KYC requirements, create and answer support tickets, modify trading fees, and manage cold storage functionalities.