The blockchain company MultiChain, which was created by Coin Sciences, has recently decided to release the beta version 2.0 of its software. At the same time, the company has announced that it had 40 new partners including companies like SAP and HCL Technologies, two major tech companies.

According to the official announcement, MultiChain 2.0 will be a major upgrade which was already being planned for a whole year. Its development started in August 2017 and it took more than 14 months for the product to be ready for this Beta launch.

The partner program of MultiChain now has an incredible number of 86, meaning that the company has basically doubled its number of partners.

The new version of Multichain will include many important upgrades for the system such as the “smart filters”, which are somewhat like smart contracts only different in some aspects. They are an original take on the technology of smart contracts and will have the expected features plus more structured data to be embedded and indexed in the blockchain so it is easier to manage.

This technology also has many elements in common with R3’s Corda and Ethereum but also significant elements that make it something new and unique.

MultiChain’s founder, Dr. Gideon Greenspan, has also affirmed that the chain has a full off-chain data functionality that was basically created to make the life of the developers easier when they have to develop using it.

There will be two types of smart filters, the ones that can be used in transactions and the stream filters. According to Greenspan, the stream filter will be especially good for the validation of data so it will be perfect for when you have structured data and you want to be sure that it is clean.

Transaction filters, on the other hand, are considerably more well-suited for the creation of niche financial systems, according to Greenspan. They are more malleable and good for products that require a special logic.

Not only MultiChain 2.0 is now set to be launched, but the company has also made a partnership with many companies now. One of the largest partners is SAP, a giant German software company. It will offer the SAP Cloud service, as well as Hyperledger Fabric, to the company. SAP has over 335,000 customers in more than 180 countries around the world.

The chief blockchain strategist at SAP, Raimund Gross, affirmed that he is interested in the partnership and that the companies will achieve good results together. For instance, MultiChain has been offering tracking and verification products for SAP and the company is already using the blockchain technology to verify the authenticity of prescription drugs.

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