Sequoia Holdings has introduced a blockchain-based software development platform designed to help application developers and government agencies build, test and deploy smart contract applications.

The software company said Wednesday the SEQNet blockchain-as-a-service platform will support the development of blockchain-basedÂ smart contracts, which work to log all agreements, processes, tasks and payments in a digital record that can be identified, confirmed, shared and stored.

SequoiaÂ President and CEOÂ T. Richard Stroupe said blockchain technology can automate contract-related transactions and streamline government agencies’ daily interactions with hundreds of suppliers, vendors and other partners.

SEQNet features theÂ Combine cloud emulation service that gives customers the capacity toÂ create, test and implement blockchain-based smart contract applications for unique government cloud platforms.

Sequoia partnered with venture capital firmÂ Blu Venture Investors and nonprofit science and technology organizationÂ Noblis onÂ blockchain research and development efforts to support the launch ofÂ SEQNet.

John Fant, NoblisÂ director of special intelligence programs, said the team will also work to “advance the migration of technologies to cloud environments.”