Quisitive and Jumptuit Join Forces to Build a Blockchain Data Exchange
Blockchain-based Solution Will Use Microsoft Azure to Enable License Management Title Tracking
Quisitive, a premier Microsoft solutions provider that helps customers navigate the ever-changing technology climate that their business relies upon, today announced that it has been awarded a contract with Jumptuit, a software-as-a-service (SaaS) company that autonomously delivers hyper-relevant data and insights for users’ on-the-go life and work styles based on their location, activities and events. Specifically, Quisitive has been selected to build a proprietary solution that uses blockchain to empower entitlement and subscription tracking in Microsoft Azure.
“There is a lot of justifiable excitement around blockchain right now, but it can be difficult for companies to separate what’s real from what is hype. Jumptuit understands how enterprise blockchain can solve very difficult problems in SaaS businesses in powerful new ways,” said Scotty Perkins, senior vice president, product innovation, Quisitive. “With our blockchain solution development capabilities leveraging the latest innovations from Microsoft, we’re able to capture the strategic advantages that enterprise blockchain enables: reducing costs and increasing information transparency. As Jumptuit continues to enhance its information platform, we’ll be able to deliver a tested and refined solution that helps them properly construct and track their information assets across their different business units.”
Jumptuit uses advanced AI, including Natural Language Processing (NLP), machine learning, deep learning and blockchain technology to quickly and securely find documents, photos, audio and video files. The SaaS-based company supports leading cloud services, including Microsoft Office 365 and Microsoft OneDrive, to deliver a seamless user experience.
“Our business model is predicated on using the broad spectrum of cloud services to empower people to connect, understand, and act on their data—a necessity for today’s always-on, always-connected user,” said Don Leka, founder and CEO of Jumptuit. “We chose Quisitive to develop a backend blockchain solution to transparently and efficiently oversee entitlement and subscription tracking. Their technical blockchain expertise, along with our mutual relationship with Microsoft makes them a natural choice to power this integration and infrastructure. The from-scratch solution will allow users to link their various cloud and information services together, and from this we’ll be able to securely provide them with hyper-relevant data insights.”
A Microsoft Partner of the Year finalist in 2018, Quisitive is one of a select few Strategic Enterprise AI and Blockchain Partners in the Microsoft Ecosystem—worth noting as Microsoft continues to expand enterprise applications of blockchain and distributed ledger technology (DLT).
“As Quisitive and Jumptuit collaborate on a Blockchain Data Exchange, it’s clear that the demand and momentum behind enterprise blockchain solutions is only increasing. More businesses are recognizing the near- and long-term value of the technology,” added Marley Gray, principal architect, Azure Blockchain at Microsoft Corp. “As Microsoft expands its service offerings relative to blockchain, we’ll continue to leverage partners, like Quisitive, to shepherd new customers through proof-of-concept, to solution development and accelerated deployment.”
One of the newest emerging technologies to generate excitement in the enterprise, blockchain promises robust market potential. By 2021, blockchain is estimated to experience a compound annual growth rate of 61 percent. In that same time period, more than one-third of financial services executives say their organization will make significant investments in the technology, according to a 2017 survey by PwC Digital. As enterprise companies evaluate blockchain opportunities that are right for their business, Quisitive can deliver intrinsic value through its commonsense approach to blockchain, backed by its status as an award-winning Microsoft National Solution Provider. This proprietary process follows three simple steps, beginning with a Smart Start workshop to identify the business problem and opportunity; followed by the development of a proof-of-concept to evaluate business value; and completed with scalable blockchain solution development.