The new platform will be a marketplace to enhance enterprise blockchain projects offering plug-and-play services, partner software, and integrations. The company is planning from a proof-of-concept to live production business strings.
You also agree that placing the nodes with a network for a blockchain platform is really painful. Kaleido targets to make this procedure easier for an enterprise version user of Ethereum. Moreover, one great name includes JP Morgan’s Quorum.
This new solution at Kaleido will be available on Amazon Web Services (AWS). According to the company, around 1,000 blockchain networks exist with its Blockchain Business Cloud. Additionally, the CEO at Kaleido, Steve Cerveny mentions the necessity for a marketplace
The reality is only about 10 percent of an enterprise blockchain project is the blockchain itself. There are much other application, data, and infrastructure components required to go into production.
Currently, the maximum of the marketplace tools is accessible to integrate with AWS services or its own tools. The few live partner services available are for Chainlink together with ConsenSys business OpenLaw. Meanwhile, this is basically a DApp to create legal smart contracts.
Further, they are planning on integrating the service with Clause, a competing legal smart contract provider. In between, Kaleido also announces a partnership program for grabbing more offerings to this new marketplace.
What are the Marketplace Offerings?
Chainlink will allow oracles or integrations for smart contracts. Leveraging this will connect with payment services like PayPal and other data feeds. Chainlink holds its own token, so it will be less confusing to figure out whom this token belongs to. Moreover, the Kaleido services include
- Identity registry
- A block explorer
- An IPFS file store
- An Identity Masking HD Wallet
Its AWS integrations will consume key protection, data backup, federated login, and much more. One amongst the clients at Kaleido belongs to Komgo. This is a commodity trade finance venture which came into existence by ING. Also, there are numerous major banks and energy firms following the list after Komgo. However, the CEO at Komgo, Souleïma Baddi says,
By building on an open blockchain system, Komgo can select from the best protocols in development across the ecosystem and use existing building blocks for an optimized solution. Now with the proof of concepts and pilots behind us, Kaleido will help us deliver production-ready products for a large number of participants at a very fast pace.