DCB Bank partners with Zeeve for Blockchain infrastructure

DCB Bank

DCB Bank Ltd. is a renowned private sector scheduled commercial bank regulated by the RBI.

Client:

DCB Bank

Year :

2021

Category :

FinTech, Hyperledger Fabric

Blockchain Protocol :

Hyperledger Fabric 2.2

DCB Bank

DCB Bank Ltd. is a renowned private sector scheduled commercial bank regulated by the RBI.

With over 400 branches and 500 ATMs across the country, the DCB Bank's business segment stretches to Retail banking, Micro SME, SME, mid-Corporate, Agriculture, Government, Public Sector, Indian Banks, Co-operative Banks, and Non-Banking Finance Companies.

After the RBI passed a circular that required all ATMs to be operated for cash replenishment with digital OTC (One Time Combination) locks only, DCB Bank started looking for a solution to attain a secured system.

When the bank started looking for a transparent and trustworthy cash replenishment system, it found that blockchain technology is the best-suited solution that will digitize the OTP system.

DCB Bank Ltd. is a renowned private sector scheduled commercial bank regulated by the RBI.

Challenges

DCB Bank team approached Zeeve and put forth the following objectives and challenges to adhere to and resolve.

Design the HyperLedger Fabric deployment architecture to ensure scalability and cost optimization without the cost overheads of the in-house team.
An enterprise-grade Fabric network that has high availability, security, and desired performance.
In-house, cloud-agnostic deployment of Fabric nodes so that bank branches can maintain the integrity of the data.
Continuous monitoring of the deployed network as a service to reduce upfront and ongoing costs.
Enterprise-level support of the Blockchain network, nodes, and decentralized applications.

Solutions

Zeeve’s solution to meet DCB Bank’s challenges

Zeeve’s Blockchain DevOps automation platform aided DCB Bank in designing a robust and optimized asset management architecture, along with an environment for its ATM and OTC lifecycle management.

This process included creating a local environment, setting up the on-premises infrastructure, deploying the Hyperledger Fabric network & nodes, and integrating GIT and Docker for efficient DevOps.

The Hyperledger Fabric 2.2 network is deployed using the Docker cluster on-premises.

After completing this deployment, the Zeeve platform empowered DCB Bank to chaincodes on the Fabric network. Chaincode has followed the asset state model for ATM and OTC management.

Result

A Blockchain-based ATM lock management and audit platform is a demanding and complex network consisting of stakeholders like bank branches and management teams. Therefore, DCB Bank wanted to ensure an enterprise-grade Fabric network that provides reliability, security, and a seamless experience to all involved stakeholders. Zeeve helped DCB Bank achieve the following:

Cost savings of ~55%: Zeeve helped deploy optimized Hyperledger Fabric nodes and network instances to maintain and manage the infrastructure.
Faster time to market ~85%: Zeeve accomplished the complex deployment of the on-premises network of the Hyplerledger Fabric in a few hours, saving valuable time to market.
Proactive monitoring: Zeeve features advanced analytics and proactive monitoring of Blockchain and its resources. The dashboard helps the DCB Bank team to view and proactively monitor their nodes.
24/7 Support: Zeeve provided DevOps experts and Blockchain engineers for initial deployment architecture and ongoing management of the network. The network never sleeps and neither does the Zeeve platform

Kickstart your web3 journey with Zeeve

Zeeve supports enterprise-grade deployment and management of Blockchain networks and nodes on the leading Blockchain protocols like Ethereum, Polygon, Avalanche, R3 Corda, Corda OS, Hyperledger Fabric, Sawtooth, and Fluree.

Zeeve provides ready-to-plug services like decentralized storage, decentralized identity, oracles, IoT as a service, etc., for building your Blockchain applications faster.

Zeeve provides both managed cloud and bring-your-own cloud options to choose from. With granular configurations, you can design your deployment architecture as per the need of your Blockchain applications.

24/7 support and proactive monitoring ensure the health of nodes all the time. We work smart so that you don’t need to worry about your Blockchain infrastructure.

So, what are you waiting for? Book a free 1-hour consultation with a Zeeve expert TODAY!