Tassets

Tassets Platform

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).

Tassets is a fintech company focusing on value chain finance. Its first product MSME tokens enable financing of all MSMEs/SMEs on a value chain who are directly or even indirectly (tier 2 /tier 3 vendors) supplying to OEMs/Aggregators. Tassets deal with the tokenization of real-world assets and help businesses leverage their existing current assets to get adequate financing support for their growth and development.

Challenges

The Tassets platform participants are large anchors, SMEs as well as banks and other lenders. The Tassets team wanted to achieve an enterprise-grade Blockchain Network that not only caters to the stringent needs of the network participants but also keeps the costs optimized.

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.

Solutions

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.

Result

A Blockchain based invoice discounting platform is a demanding and complex network that consists of stakeholders like banks, financial institutions, corporate buyers, and SMEs with diverse needs. Tassets wanted to ensure an enterprise-grade Fabric network that provides reliability, security and seamless experience to all involved stakeholders. The Zeeve platform helped Tassets achieve:

Cost Saving of ~55% – Zeeve helped deploy optimized nodes and network instances for Fabric. Owing to the DevOps automation, GIT integration and configurations, Zeeve helped reduce the cost of manual processes and resources.
Faster time to market by ~85% – Zeeve accomplished the complex deployment of the invoice discounting network of Hyperledger Fabric on AWS in less than 30 minutes, saving valuable time to market.
Proactive Monitoring – Zeeve features advanced analytics and proactive monitoring of Blockchain and cloud resources. The dashboard helped Tassets team to view and proactively monitor their nodes.
Seamless Onboarding – Zeeve helped quick and hassle-free onboarding of users on the Tassets platform who wanted to host their own nodes on the cloud of their choice.
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 HyperLedger Fabric, HyperLedger Sawtooth, R3 Corda, 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.

Tassets is excited to partner with Zeeve

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.

To learn more about Zeeve, visit our Developer Center or join us on Twitter and Telegram. 

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