Catalyst Blockchain Platform to make blockchain easier to use
IntellectEU has made commonly accessible its Catalyst Blockchain Platform. It is a solution that allows the creation, management, and upkeep of blockchain networks and smart contracts. According to IntellectEU, this refers to any cloud, on-premises, or hybrid infrastructure.
“Blockchain networks are difficult to deploy, monitor, and maintain, while blockchain developers with the required deep domain expertise are expensive and difficult to find,” said IntellectEU VP of Blockchain Solutions Thomas Bohner in a statement.
“We channeled IntellectEU’s years of expertise, delivering more than 25 blockchain projects for highly-regulated industries around the globe, to create a user-friendly platform with an automated set-up that makes it simple, fast, and inexpensive for enterprises to harness the benefits of blockchain technology.”
Catalyst Blockchain Platform – a ten organization network in 10 minutes
Blockchain technology can offer benefits – for instance, decentralization, transparency, immutability, efficiency, and security – it has yet to gain widespread adoption. This is usually because of the difficulty, cost, and time associated with building and managing enterprise-grade blockchain applications.
Catalyst Blockchain Platform attempts to break through these barriers to adoption by allowing businesses to concentrate on their business opportunities by reducing blockchain’s complexity. As a measure of this, the Catalyst Blockchain Platform intends to build a ten organization network in under 10 minutes.
The Platform supports different protocols and smart languages.
The Platform works with different protocols and smart contract languages. These include Hyperledger Fabric, R3 Corda, DAML. For the original release, Hyperledger Fabric is the first supported protocol, improving its modular architecture, privacy features, scalability, and facilitating peer and chaincode management. Additionally, this involves a decentralized ordering service with Raft protocol, enabling each business to participate in ordering service, monitoring, and voting systems.
The IntellectEU engineering team has also combined DAML into the Platform. This unfastens the value of their ledger-agnostic smart contract language. Catalyst Blockchain Platform is created to run on any cloud or on-premises utilizing Kubernetes to monitor, launch, and keep nodes up and running.
“IntellectEU has played an important role in the evolution and advancement of distributed systems and blockchain technologies as a trusted systems integrator and founding member of the Linux Foundation’s Hyperledger Project,” said Brian Behlendorf, Executive Director, Hyperledger in a statement.
“With their proven domain expertise, I expect a lot of market attention around the Catalyst Blockchain Platform as enterprises look for a more accessible way to solve business problems using blockchain technology.”
Enterprise Times: what does this mean?
The Catalyst Blockchain Platform attempts to offer large enterprises with flexible terms and optional white-label solutions with competitive pricing. In parallel, it provides bespoke packages for smaller teams and developers. According to IntellectEU, its Platform is already in use in financial institutions. It is extending to insurance, telecommunications, healthcare, and logistics.
As a decentralized cloud-agnostic platform, the Catalyst Blockchain Platform should further the ability to build, manage, and maintain blockchain networks and smart contracts. If the capability to create a ten organization network in under 10 minutes is true, this will save time and money.