Kaleido, an enterprise-grade Web3 infrastructure platform, today announced that it will leverage Polygon Edge, a purpose-built framework allowing organizations to deploy customizable, application-specific, and high-performance blockchain networks.
Carbon neutrality Ethereum based scaling platform, Polygon reduces the high transaction fees and latency associated with the Ethereum mainnet. As the Polygon community grew, the Polygon team 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 its other scaling technologies while providing bridges to other networks.
Kaleido will eventually operate Polygon Supernets, powered by Polygon Edge. Polygon Supernets are the fast track for blockchain adoption in new private and public networks for dApps and enterprises. Polygon Supernets uses the powerful Polygon Edge as a configurable infrastructure solution in a highly secure and decentralized environment.
Blockchain Business Cloud
Going through Kaleido Blockchain Enterprise Cloud, businesses can operate web3 platforms such as institutional-grade digital asset platforms, gasless NFT platforms, sidechain-as-a-service platforms, and consortium-as-a-service platforms. Additionally, a roadmap of blockchain innovations, including interoperability bridges and zero-knowledge technologies, will be added to the Polygon Edge framework and made available on Kaleido’s fully managed blockchain enterprise cloud.
Enterprises have a long history of investing in blockchain-based applications across myriad high-value use cases across all major industries 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 attracted to the openness and ecosystem that public channels offer.
“Companies are eager to tap into vibrant, open ecosystems and Polygon, at the heart of Ethereum, is a natural community to target. However, companies have long been held back by various privacy issues and gas transaction fees demanded at public channels. Kaleido is proud to partner with innovative new technologies such as Polygon Edge that provide businesses with the right combination of scalability, security, cost, and openness.
– Sophia Lopez, co-founder and president of Kaleido
One of the first projects to leverage Polygon Edge through Kaleido’s Blockchain Business Cloud is Core+, currently in stealth mode, which seeks to democratize accessibility to trade finance.
The startup, which plans to launch in the coming months, will use blockchain to provide small and medium-sized enterprises (SMEs) with access to transactional finance and related tools. These financing solutions were previously inaccessible to SMEs, especially women-owned businesses and new generations of entrepreneurs in developing countries.
“The Polygon Edge framework was designed for enterprises, to help them simplify and accelerate the process of building and launching their own customizable and secure Ethereum-enabled Blockchain networks. Kaleido provides the “easy button” for businesses and has the deep expertise gained from managing thousands of business chains over the past four years. »
– Antoni Martin, Polygon business manager and co-founder of Polygon Hermez