First enterprise application moving to EOS

Posted: 18 May 2018 2:56 pm News

Major email provider Zimbra X becomes the first enterprise application on the EOS blockchain.

A major email provider has announced its transition to the blockchain space, marking a notable change in the field of telecommunications and the ongoing innovations that the blockchain is bringing. The announcement by ZimbraX, an email platform servicing over 500 million users globally, has also added to the growing hype surrounding the Hong Kong-based EOS blockchain.

The transition is likely to be felt immediately across certain sectors. None more so than the logistics or supply chain industry. Released in 2005, Zimbra X quickly made standalone messaging and email application providers like MSN messenger and Microsoft's Outlook obsolete.

Among Zimbra X's users are Amnesty International and the Jakarta International Container Terminal, both of these clients use Zimbra X for communicating within and across various projects coordinating supplies and distribution across various countries. These two companies stand to see substantial dividends across their supply chain businesses.

Blockchain benefits

Security will be the first major benefit to the Zimbra X users as the platform moves to the blockchain. The reason for this is that cloud storage solutions, which are currently the foundation of distributed messaging clients, are vulnerable to cyber attack and compromise of data and sensitive information.

The blockchain can go a long way to mitigating those risks depending on the architecture of the blockchain deployed by Zimbra X. For sensitive business matters, a permissioned blockchain utilising advanced identity protocols can allow businesses to communicate on a remote basis with a high level of security. The reason for this is that cryptography is the basis of the blockchain and enhances the safety of online communications.

Due to the different locations that many global businesses operate from, disconnection from the centralised cloud server meant that business could not continue. With decentralised, distributed blockchains for data sharing businesses only need to be connected to one other node in the company's network for there to be an accurate and secure record of communication.

EOS on the march

The decision for Zimbra X to utilise the EOS blockchain has caused a stir in the blockchain community. It is known as one of the very first enterprise applications being based on the blockchain. In effect, this will be moving over 500 million people to the blockchain without any disruption at all.

This has been mainly to the credit of EOS, whose blockchain facilitates the transition. EOS is known as a compliance focussed cryptocurrency startup. For cross-border regulations and existing financial frameworks, the know-your-customer and anti-money laundering policies that EOS blockchain will comply with could be a boon to existing logistics companies.

The announcement made by Synacor, the patent company which developed Zimbra X, has come at a time of great anticipation for EOS in the cryptocurrency market. EOS up to now had been trading as an ERC20 token on exchanges and EOS is now living up to its road mapped objectives, by launching the EOS mainnet scheduled for 2 Jun 2018.

In addition to the upcoming mainnet launch, EOS announced a high level talent scalp. Rob Jesudason from the Commonwealth Bank of Australia made the decision to leave a vice president's role at the bank which he had stepped into only two days previously, to join EOS as it prepared for the mainnet launch.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Latest cryptocurrency news

Latest crypto guides

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site