Rajarshi Mitra
Independent Analyst
- Kaleido is a startup that was recently spun out of ConsenSys, the Ethereum-based venture studio.
- Following this, Kaleido has partnered with R3 Corda.
- Through the new partnership, R3’s Corda software and “CorDapps” will run on Kaleido’s digital platform.
R3, the firm behind distributed ledger technology (DLT) platform Corda, has partnered with blockchain-in-the-cloud startup Kaleido. The latter recently revealed that it was spun out of ConsenSys, the Ethereum-based venture studio.
According to a CoinDesk report, Sophia Lopez, Kaleido’s chief operating officer, said:
We spun out April 1. It's been exciting for us to take that step forward. In addition to the partnership with R3 and going live with Corda available on the Kaleido platform this afternoon, we have launched the new V2 of our platform and website.
The partnership allows Corda users to deploy enterprise-grade and production-ready Corda networks on Kaleido. Users can also run “CorDapps” on cross-cloud and hybrid networks. Kaleido’s “consortium-as-a-service” offering provides many digital transformation capabilities to scale the business outcomes of decentralized consortium networks. These capabilities include smart contract management, multiple middleware technologies, a multi-party control plane and shared DevOps.
R3 co-founder, Todd McDonald, said:
Now is the time for consortia to develop stronger business models and position themselves successfully for the long term. The new offering we are announcing today will support business ecosystems moving into production faster than ever before, to reap the benefits of more efficient cost structures and faster time to value.
Kaleido founder Steve Cerveny said:
Enterprises are looking for ways to unlock trapped value and transform risk into opportunity in their B2B networks. Kaleido and R3 are solving these challenges by enabling customers to use the Kaleido consortium-as-a-service offering powered by R3’s leading enterprise blockchain technology, resulting in business networks moving from zero to one in record time.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ethereum continues hinting at rally following reduced long liquidations
Ethereum has continued showing signs of a potential rally on Tuesday as most coins in the crypto market are also posting gains. This comes amid speculation of a potential decline following FTX ETH sales and normalizing ETH risk reversals.
HBAR price jumps 75% as BlackRock tokenizes Money Market Fund on Hedera
Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. Last year Hedera Council member abrdn’s successfully tokenized its MMFs on Hedera.
Bitcoin price holds above $66K as Morgan Stanley files prospectus to add BTC ETF exposure in two of its funds
Bitcoin (BTC) price remains range-bound, holding above the $63,000 level, while its upside is capped below $68,000, going against or delaying the assumption that the fourth halving would be a 'sell-the-news' outcome.
Crypto community reacts as BRICS considers launching stablecoin for international trade settlement
BRICS is intensifying efforts to reduce reliance on the US dollar after plans for a stablecoin effort surfaced online on Tuesday. Most people expect the stablecoin to be backed by gold, considering BRICS nations have been accumulating large holdings of the commodity.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?