BCware Web3 Integration Platform

Decentralized Finance (DeFi)

DeFi aims to reconstruct and reimagine TradFi – Traditional Finance – on the foundations of blockchains and smart contracts.

While regulatory challenges represent barriers to early mainstream adoption, the technology requirements to integrate TradFi applications and infrastructure with DeFi blockchains and Web3 services represent an even more formidable task.

Scalability, reliability and high performance have always been non-negotiable requirements in the financial services world where every new technology is scrutinized all the way to its smallest moving parts before being accredited as production caliber. While the race is on for traditional large financial institutions to offer crypto and digital services to their customers, they are faced with the paramount challenge of integrating existing offerings with the variety of blockchain platforms and emerging DeFi services without compromising the aforementioned technology requirements of Wall Street.

Founded by a team of integration pioneers who digitized Wall Street, BCware provides an integration and workflow orchestration platform addressing challenges faced by the TradFi (Traditional Finance) industry. The BCware platform delivers mission-critical grade solutions for the convergence of legacy financial systems with cryptocurrency and digital asset infrastructures with clear value to financial institutions: 

• High performance and scalable symmetric on-chain/off-chain integration
• A blockchain-agnostic integration platform for delivering multichain customer solutions
• Off-the-shelf Connectors for existing Web2 applications and protocols, and Web3 blockchains and services

Web3Link

Linking off-chain and on-chain financial market data to Web3 pricing oracles, smart contracts, and dApps; in partnership with Synadia and BCC Group

In 2021 it became apparent that traditional financial services organizations needed the ability to integrate their important but complex market data distribution systems into their innovative Web3 projects.

For the dApps and Smart Contracts that are the Web3 experience, developers needed tools to integrate market data in a compliant and permissioned fashion. Preferably, this would be done in such a way as to be familiar with the teams performing market data integration in traditional finance solutions. Additionally, companies were telling us that Web3 was evolving quickly, and they required support for many different chains with higher level tooling for managing the flow of information and events between the enterprise, smart contracts, and dApps.

These insights surfaced during conversations with customers exploring real-world projects that bridged their existing solutions and customers into Web3. This was very important as it can be easier to build from scratch. But that’s not the reality these organizations live in.

In fact, the scale and speed of their customer demands forced teams to think about how to leverage off-chain capabilities so that on-chain solutions scale better and deliver a better customer experience.

To meet these demands, and help customers take advantage of the experience that each of the three companies involved have with building applications that depend on event-driven market data solutions, we built Web3Link.

Web3Link incorporates products from BCC Group, BCware, and Synadia, along with new development to tie them together and help integrate these capabilities into traditional financial organizations.

There are three key elements to Web3Link, as shown in the solution architecture below:

1. Market data integration and a DeFi Oracle (the ONE Oracle)
2. Cloud-based, event driven real-time data distribution
3. Connectors to Web3 blockchains and services, workflow orchestration, and developer APIs for those creating Web3 applications

Web3Link is a solution built on-top of the BCware Web3 Integration Platform, and is currently in beta. Contact sales for more information.

Tokengated Commerce

The BCware Web3 Integration Platform is the first platform designed to help retailers connect their Web2 e-commerce infrastructure into a tokengated commerce offering.

Tokengated commerce as an innovation project is interesting. Understanding identity and community, building loyalty models, working with new technology are all good incentives to explore Web3.

As often happens though, innovation occurs in standalone pockets across organizations while existing business systems run in parallel.

Innovations that run parallel to production infrastructure are often challenging to integrate back into real-world operations.

The BCware Web3 Integration Platform simplifies integration between Web3 technologies and business-critical Web2 infrastructure. Information critical to making decisions, such as customer or inventory information from applications like Salesforce or Shopify can be easily integrated into tokengated commerce retail front-ends.

Using BCflow retailers can define event-driven loyalty process flows that can begin or end either on-chain or off-chain. These flows are enriched in-flight by customer and inventory information in order to delight buyers and make them feel part of a community. Because information flows seamlessly between Web2 and Web3 commerce stacks, buyers receive the quality of service they’ve come to expect from e-commerce, blended with the emerging innovation added by Web3.

BCflow Flows are exposed as standard APIs, which can then be used by teams across the enterprise to limit duplicate development efforts and ensure that production systems are protected from disruption.

There are benefits to the Web3 development teams as well. Using BCware, teams can develop multichain NFT offerings without locking themselves into specific blockchain stacks. Innovative Web3 services such as IPFS or ENS, or custodial solutions like Fireblocks are supported out-of-the-box to enhance e-commerce and the tokengated opportunity.

To share more about how this technology is applied in the real-world, we’ve released our Shopify Multichain NFT app for Shopify Merchants.