Enterprise blockchain becomes simpler with TransAct, the latest venture by Hashgraph Group
Hashgraph Group, a leading Swiss Web3 technology company, has announced the launch of TransAct, an enterprise-grade solution designed for secure and compliant transactions on the Hedera network without the need to deal with cryptocurrency.
TransAct is expected to encourage greater adoption among financial institutions, government entities, e-commerce platforms, and large-scale technology firms, accelerating institutional use of Hedera and strengthening its position as a leading enterprise-grade DLT network.
The new solution is tailored to organizations with strict compliance requirements or internal risk frameworks. It allows institutions to pay monthly invoices in traditional currencies like US dollars, reducing exposure to potential security risks associated with digital asset custody.
TransAct is a cloud-based service that eliminates the need for businesses to hold Hedera's native token HBAR or manage digital wallets when processing transactions. It functions as a seamless transaction gateway supported by a user-friendly dashboard.
To ensure control, auditability, and security of processed transactions, TransAct requires a signing wallet with private keys for authorizations. This gives enterprise users control over transaction approvals, network usage, and private keys.
TransAct offers enterprise-grade service-level agreements (SLAs), guaranteed reliability, and predictable invoicing. It also provides access to open-source components under the Linux Foundation Decentralized Trust (LFDT) through Project Hiero.
The launch of TransAct is a significant milestone in Hashgraph Group's product roadmap under its Hashgraph for Enterprise (H4E) suite. The company's technical expertise and enterprise support are expected to simplify blockchain integration, making it more accessible for governments and large enterprises seeking compliant, scalable, and secure blockchain integration.
TransAct's non-custodial approach ensures continued control of processed transactions, and it streamlines compliance, removing accounting challenges tied to cryptocurrency management. The solution is delivered under a subscription model, providing flexibility, predictability, and scalability.
TransAct is a key innovation to support governments and large enterprises seeking compliant, scalable, and secure blockchain integration. With its focus on enterprise-grade features and compliance, TransAct is poised to accelerate the adoption of Hedera as a preferred DLT network for institutions.
