Devvio

Devvio Inc., founded in 2018 by Tom Anderson and headquartered in Albuquerque, New Mexico, is a blockchain technology firm that has developed the DevvX protocol, a high-throughput blockchain platform. Anderson, an experienced entrepreneur who previously founded robotics company Novint Technologies, established Devvio to address critical challenges in the blockchain space, including scalability, cost, and energy consumption. His journey into blockchain began after reviewing the Bitcoin whitepaper in late 2015, which inspired him to design a new blockchain algorithm to overcome the limitations he identified for business applications.

The company operates on a Software-as-a-Service (SaaS) model, charging monthly fees for access to its blockchain, similar to cloud computing services. Devvio's primary offering is the DevvX blockchain, a Layer 1 protocol designed for enterprise-level use. The platform's architecture utilizes a network of independent blockchains known as "shards," which can process transactions in parallel and communicate through a central mechanism. This design enables the platform to handle over 8 million cross-shard transactions per second, significantly outperforming many traditional blockchains. The platform is also engineered for energy efficiency, reportedly consuming a fraction of the energy used by Bitcoin and Ethereum per transaction.

Devvio targets a range of clients, including large-scale enterprises, financial services, data management companies, developers, and governments. The platform provides a regulatory-compliant framework for managing digital assets, including cryptocurrencies, NFTs, and asset registries. For developers, Devvio offers integration through a RESTful API, making it accessible to those familiar with traditional Web2 technologies. The company has also ventured into specific application areas, such as Web3 gaming with its "play-to-own" game LitCraft, and environmental, social, and governance (ESG) initiatives through its DevvESG platform, which aims to provide a verifiable source for ESG data. To manage its token ecosystem in compliance with regulations, Devvio partnered with the Swiss-based non-profit, the Forevver Association.

Keywords: blockchain protocol, enterprise blockchain, DevvX, Tom Anderson, SaaS, high-throughput blockchain, sharding technology, layer 1 blockchain, regulatory compliance, digital asset management, ESG blockchain, DevvESG, Web3 gaming, RESTful API, play-to-own, cryptocurrency infrastructure, scalable blockchain, energy-efficient blockchain, financial technology, enterprise software