Kaleido Helps Companies Create Blockchain Projects
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Nov. 9, 2018
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Kaleido, a subsidiary of ConsenSys blockchain software company, launched{blank}a new platform in collaboration with Amazon Web Services (AWS).

The main task of Kaleido is to radically simplify the process of introducing the blockchain for various enterprises and organizations in order to open the modern society with all the advantages of decentralized models and technologies.

Together with AWS, the company developed the Blockchain Business Cloud, an integrated SaaS (Soft-as-a-service) platform for the corporate blockchain. The new platform complements the Blockchain Business Cloud solution, turning it into a first full-stack enterprise platform with a marketplace for plug-and-play services.

Kaleido Helps Companies Create Blockchain Projects

The project creators report that the first users have already tested the service and stated that Kaleido Marketplace is reducing the amount of user codes needed to create their own blockchain project by 80%. Customers can access a variety of built-in integration tools from AWS using a one-click platform.

Kaleido CEO Steve Cerveny believes that in fact today only about 10% of corporate projects are a true blockchain.

"There are many other applications, data, and infrastructure components required to go into production. I'm very excited that we have a whole cloud of blockchain technologies pre-integrated for our clients to use. The Kaleido Marketplace is a one-stop shop for all things enterprise blockchain," he explained.

Representatives of the project also refer to several studies, which indicate that an increasing number of companies will use the distributed ledger technology in one form or another. For example, Gartner analysts believe that the value of the blockchain is a significant increase in the confidence of many companies in technology that offers a completely new operating paradigm. According to their estimates, the added value of the blockchain for business will grow from $176 billion in 2025 to $3.1 trillion in 2030.

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Kaleido Marketplace also draws attention to a survey conducted by PwC consulting company in August. PwC surveyed 600 executives from 15 countries and found that 84% of them work with blockchain one way or another. And 62% of respondents said that they have their own blockchain project.

Kaleido Helps Companies Create Blockchain Projects

It is worth considering that the spheres of using the distributed ledger technology are expanding. In 2017, according to Gartner, eight out of ten such projects were in the financial services sector, but now, according to the PwC report, representatives of almost all sectors of the economy are trying to adopt the new technology for their needs.

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At the same time, representatives of Kaleido Marketplace believe that most enterprises face significant difficulties in creating complex, ready-to-manufacture blockchain solutions, despite the fact that the technology is becoming increasingly widespread. They also emphasize that the situation is aggravated by a lack of professional skills and specialists in the industry.

Therefore, the blockchain startup Kaleido was originally created as a service for conducting operations in private networks of enterprises. This is a SaaS platform that simplifies the use of DLT. The project states that since its establishment in May this year, the company has already helped various organizations create over 1,000 blockchain networks using their platform. A new solution will help companies in the development of a complete solution and its withdrawal to the next stage of real production.

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