Kaleido to Leverage Polygon Edge to Accelerate Enterprise Blockchain Projects » CryptoNinjas
Kaleido, an enterprise-class web3 infrastructure platform, announced today that it will leverage Polygon Edge, a dedicated framework that allows organizations to deploy customizable, application-specific, and high-performance blockchain networks.
Polygon is a carbon-neutral Ethereum-based scaling platform that reduces the high transaction fees and latency associated with the Ethereum network. As the Polygon community has grown, the Polygon team has added a suite of scaling solutions, including Polygon Edge.
Polygon Edge + Kaleido
Polygon Edge is a framework for creating a dedicated blockchain infrastructure where multiple dApps can be deployed. Edge is designed to connect to the main Polygon network and work seamlessly with other scaling technologies, while also providing bridges to other networks.
Kaleido will eventually leverage Polygon Supernets, powered by Polygon Edge. Polygon supernet is the fast track for blockchain adoption in new private and public networks for both dApps and enterprises. Polygon Supernets makes powerful use of Polygon Edge as the configurable infrastructure solution in a highly secure and decentralized environment.
Blockchain Business Cloud
Via Kaleidos Blockchain Business Cloud, companies can run web3 platforms such as institutional-grade digital asset platforms, gas-free NFT platforms, sidechain-as-a-service platforms and consortium-as-a-service platforms. In addition, a roadmap of blockchain innovations, including interoperability bridges and zero-knowledge technologies, will be added to the Polygon Edge framework and made available on Kaleidos’ fully managed blockchain enterprise cloud.
Businesses have long invested in blockchain-based applications across a myriad of valuable use cases in every major industry such as financial services, supply chain, retail and healthcare. However, companies have long preferred to create private blockchains for reasons such as privacy, scalability and cost. Increasingly, they are also drawn to the transparency and ecosystem that public chains offer.
“Companies are eager to tap into vibrant, open ecosystems, and Polygon, at the heart of Ethereum, is a natural community for them to target. However, companies have long been held back by various privacy concerns and the gas transaction fees required on public chains. Kaleido is proud to collaborate on new, innovative technologies like Polygon Edge that give businesses the right mix of scalability, security, cost and transparency.”
– Sophia Lopez, co-founder and president of Kaleido
One of the first projects to leverage Polygon Edge via Kaleidos Blockchain Business Cloud is Core+, currently in stealth mode, which looks to democratize access to trade finance.
The startup, which plans to launch in the coming months, will use the blockchain to provide small and medium-sized businesses (SMBs) with access to transactional financing and related tools. These financing solutions were previously unavailable to small and medium-sized businesses, especially women-owned businesses and new generations of entrepreneurs in developing countries.
“The Polygon Edge framework was designed with enterprises in mind, to help them simplify and accelerate the process of building and launching their own customizable and secure Ethereum-compatible Blockchain networks. Kaleido provides the enterprise ‘single button’ and has the deep the expertise gained by running thousands of corporate chains over the past four years.”
– Antoni Martin, Enterprise Lead of Polygon and co-founder of Polygon Hermez
