Kadena To Provide Free Private Blockchain In Azure Marketplace

Kadena To Provide Free Private Blockchain In Azure Marketplace

Blockchain News
August 28, 2019 Editor's Desk
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Even though the hype around blockchain technology has died down a little, companies like Kadena have been continuously working on enterprise-based solutions for quite a while, and continue to work on pushing the technology forward. The start-up announced recently that the Kadena Scalable Permissioned Blockchain on Azure is free to use in the Azure Marketplace.
Kadena Blockchain Azure

Even though the hype around blockchain technology has died down a little, companies like Kadena have been continuously working on enterprise-based solutions for quite a while, and continue to work on pushing the technology forward. The start-up announced recently that the Kadena Scalable Permissioned Blockchain on Azure is free to use in the Azure Marketplace.

Will Martino, the CEO ,and co-founder of Kadena said that the announcement was followed by the success of the previous year’s similar initiatives involving AWS. 

“Our private chain is designed for enterprise use. It’s designed for being high-performance and for integrating with traditional back ends. And by bringing that chain to AWS marketplace, and now to Microsoft Azure, we are servicing almost all of the enterprise blockchain market that takes place in the cloud,” Martino told TechCrunch.

The free product allows companies to get comfortable with blockchain technology and build a Proof of Concept (PoC) on that basis without making a large investment in the testing. The free tool enables 2,000 transactions per second across a total of four nodes.

Once the firms get accustomed to it and want to scale, the company will start making money. Even so, Martino believes that the technology is not yet mature and firms need to get a hang of it, which is being encouraged by the free versions on the cloud platforms such as Azure.

Martino notes that Kadena is in favor of developing a hybrid approach to enterprise-grade blockchain combining both private as well as public chains to give consumers the best of both worlds.

“You can run a smart contract on our public Chainweb protocol that will be launching on October 30th, and that smart contract can be linked to a cluster of private permission chain nodes that are running the other half of the application. This allows you to have all of the market access and openness and transparency and ownerlessness of a public network, while also having the control and the security that you find in a private network,” he said.

Martino, along with Stuart Popejoy, the co-founder, worked on initial blockchain projects at JPMorgan, but quit to start Kadena in the year 2016. The company has since raised an amount of $14.9 million.

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