By changing the economic equation for production blockchain projects, Kaleido, in collaboration with ConsenSys and Amazon Web Services, is the first to go on the market with a range of flexible plans – allowing all parts of the ecosystem to participate and scale together.
LAS VEGAS, November 28, 2018 / PRNewswire / – AWS re: Invent 2018 – To accelerate the production of corporate blockchain networks, Kaleido, in collaboration with ConsenSys is Amazon Web Services (AWS), offers the first consortium level plans prepared for production that meet the different needs.
78% of executives say they lose a competitive advantage if they do not implement blockchain technology (Deloitte). But the nature of blockchain networks, which require a high level of cooperation and shared governance among network participants, presents the challenge of implementing a solution that balances the demands of maintainers of the main network with the lighter needs of smaller network participants .
Most business use blockchain cases depend on having an easy, efficient and economical way to get on board new members, without causing friction from the adoption of technology. Kaleido's new tiered plans allow organizations to do just that.
"The real-world value chains, supply chains and corporate networks are very complicated and diversified and their growth is exclusively about network effects" Steve CervenyThe founder and CEO of Kaleido says. "A key challenge that our customers have to face in order to get to production is how to engage and engage the entire ecosystem of participants." We took a unique approach to this challenge with Kaleido's small-sized subscription plans designed to work together give our customers the critical flexibility they need to create compelling network effects within their ecosystem. "
For example, komgo, a network of commodities trading and finance, began with 15 core members, including Citi, ING, Koch Supply & Trading, MUFG Bank, Société Générale, Credit Agricole Group, BNP Paribas, Shell and others. As network validators, they require a burdensome business solution. However, with the scalability of Komgo with the addition of additional smaller network participants, these new players will now have the flexibility to join lighter business plans.
In another example, I2i project, a payment network built on Ethereum that connects the banks of the rural community of Philippines, successfully, its network has grown from 6 banks participating in April to 110 banks registered today. The i2i project is well underway to have 480 rural banks and 2,600 branches in the region by early next year. Taking advantage of Kaleido's range of blockchain capabilities, i2i's diverse partners can grow together.
"Kaleido has quickly become an established technology provider and its Blockchain Business Cloud acts as a turnkey solution for full stack blockchain implementations, leveraging the plethora of development services for AWS to provide an environment where much of the heavy work is done, just around the blockchain provisioning – but also about the related components of a typical technology stack, "he says. Craig Wentworth, Analyst Blockchain at MWD Advisors.
Organizations and developers can start the blockchain journey by exploring and testing Kaleido's free starter plan and adding functionality as their projects grow.
"At Act, we were able to quickly start running on the entry level level of Kaleido to launch a innovative traceability program for our client Pacifical, the tuna marketing development company of the 9 PNA Pacific Island countries. We now allow the monitoring of several hundred million certified sustainable tuna products each year. Their origins are tracked, verified and published with MSC certification data using the blockchain, " Guillaume Le Saint, Director at Atato, the Bangkokblockchain service provider, shares.
Once companies are ready to collaborate and bring more participants into their network, they can move to a more complete plan with Kaleido, giving them the chance to get on board new members, with the right economies.
The Small & Medium Business Exchange (SMBX), which offers a blockchain-based exchange for the issue, purchase and sale of small business bonds to community investors, uses Kaleido to support its platform. "As we manage this marketplace on behalf of the SMBX community, Kaleido has helped us to reach the market with our solution in a fraction of the time and at a fraction of the cost with a perfect plan for our needs," he says. Benjamin Lozano, SMBX CEO.
The Kaleido Blockchain Business Cloud platform and its business plans are now available on www.Kaleido.io.
Kaleido, a ConsenSys Enterprise Business, is dedicated to making the blockchain radically simpler for organizations so that our companies benefit fully from decentralized models and technologies. Kaleido is working with Amazon Web Services to offer Blockchain Business Cloud, a full-stack SaaS platform designed to create, manage and scale corporate blockchain solutions. For more information, visit www.Kaleido.io
ConsenSys is a global leader in the development of decentralized blockchain services and applications, founded by Joseph Lubin, a co-creator of Ethereum. As a venture production studio, his projects cover every part of the Ethereum ecosystem, including: crucial infrastructure projects (Infura), development tools (Truffle), core integration components (MetaMask), services (Diligence), B2C dapps (Grid +, Cellarius), business solutions (Kaleido) and many others.