Kadena, a crypto startup founded by former JPMorgan employees, has just launched the industry's first hybrid blockchain platform based on the proof-of-work protocol with the ability to work with smart contracts between private and public blockchains, CoinDesk has reported. The company CEO Stuart Popejoy said:
"The launch of the first complete hybrid blockchain with direct integration of public and private blockchains is a significant step towards the implementation of applications in the blockchain."
Kadena assures network compatibility with the help of Pac, the company's smart contact language.
Kadena's representatives say the solution solves scalability problems and allows to keep the network's decentralization.
According to Kadena's developers, firms from several industries, including the financial and health sectors, have already expressed their interest in using the solution.
Kadena was founded back in 2016 and raised $15M in order to develop a hybrid blockchain platform, which is actually the solution it has just introduced.