JP Morgan’s Kadena Pushes Private Blockchain Live using AWS Marketplace
The Kadena private blockchain platform is live on the AWS Marketplace. The project was completed after receiving $12 million from venture capital firms.
Besides privacy, the Kadena blockchain protocol emphasizes data security and effective scaling. The integration of Amazon Web Services makes it easier to design and develop a blockchain-based solution on the Kadena platform. Interestingly, Kadena is available for free to all users.
Stuart Popejoy, a co-founder of the Kadena blockchain, said that their solution is ideal for businesses because of its reliable security and effective scaling mechanisms. He added that the AWS Marketplace enables them to reach larger audiences.
The free edition of the Kadena blockchain can run a maximum of four nodes simultaneously. At its peak, it can process up to 2,000 transactions per second. Other notable features available in this version include smart contracts, bug detection and encryption.
The enterprise edition, on the other hand, can handle up to 8,000 transactions per second. Both variants are built using Pact, an open source programming language used to create smart contracts.
Victor Navarro, the CEO of Alteum, said that the Kadena platform is their preferred choice for developing a blockchain-powered solution for their customers. He added that blockchain technology will boost transparency and provide financial services to underprivileged populations around the world. Alteum provides blockchain services to banks, companies, and governments based in South America.
By 2024, it is estimated that the blockchain industry will be worth at least $60 billion. Kadena is aiming to capitalize on this promising future by launching their services on the populous AWS marketplace. Moreover, the enterprise blockchain uses the Blockchain-as-a-Service model, meaning that clients don’t have to host the blockchain infrastructure on their locations.
So far, Kadena seems to be destined for success. Their clientele consists of many Fortune 500 companies and this will most likely grow in the near future.
— Kadena (@kadena_io) January 23, 2019