Stratis is a blockchain-as-a-service platform that offers several products and services for enterprises, including launching private sidechains, running full nodes, developing and deploying smart contracts, an initial coin offering platform, and a proof-of-identity application. The company also provides cryptocurrency wallets and blockchain consulting services.
Stratis operates its own blockchain powered by a native token, STRAX, used to purchase and operate services such as executing smart contracts, paying for sidechains, and staking as collateral to operate a Masternode --- a node on the network that provides a specific needed service.
The platform was first announced in June 2016, and it launched in August 2016. In November 2020, Stratis deployed a new blockchain that uses STRAX instead of its previous STRAT token.
The Stratis platform is designed to serve businesses and organizations of all sizes, especially for businesses running services in a Windows/Microsoft environment. The Stratis cloud platform allows developers to quickly provide complete blockchain nodes to test their applications. If developers want to develop an application with these existing blockchains, the cloud platform can also provide blockchain nodes for Bitcoin, Ethereum and BitShares. The cloud platform allows enterprises and organizations to test and deploy blockchain-based applications in the cloud without having to maintain the network and all of their customers. Meet the needs of the business with very few customers and APIs.