JP Morgan Related Project, Kadena, Launches Permissioned Blockchain on Microsoft Azure
The project, labelled Kadena’s Scalable Permission Blockchain Community Edition, is a blockchain as a service platform and will be available for free. The report states,
“Our Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on premise installation of other blockchain solutions today.”
The Kadena Scalable Permission Blockchain Community Edition
The launch of Kadena on Microsoft Azure is set to provide an easy but efficient gateway for businesses and enterprises coming into the blockchain space.
The Founder and CEO of Kadena, Will Martino, is looking forward to new clients using the platform. He remarked,
“We are excited to bring our secure and scalable technology to Azure customers as we continue working with Microsoft Azure Marketplace to develop cloud-enabled blockchain solutions.”
The platform provides its users with a simplified platform for both novices and experts to build and develop blockchain applications. According to the report, the Kadena platform will integrate Pact, an “innovative and open source smart contract language designed for both developers and non-technical people alike and has safeguards to avoid bugs.”
Speaking on the addition of Pact, Kadena President, President Stuart Popejoy, said,
“Pact’s formal verification of user code allows you to harness the same mathematical methods used by aerospace and nuclear power engineers to catch potential exploits before deployment.”
This ensures even with little technological knowledge users will be able to operate the Kadena platform without worry of bugs or other technical challenges.
Enterprises using Kadena will efficiently transact and share data in a secure and decentralized manner.
Kadena Partnership Updates
The startup founded by former JP Morgan executives, provides both public and private blockchains for enterprises. The report further stated the hybrid blockchain has seen wide adoption across the globe including USCF Investments, an asset manager with over $3 billion in assets.
Other companies using the Kadena platform includes Latin American technology business Alteum, a top healthcare company, a Fortune 500 company and a top 100 bank – set to reveal name in days.