R3, an enterprise blockchain software firm, has partnered with Kaleido, a digital transformation platform for consortia.
The partnership will see the offering of R3’s Corda Enterprise software on Kaleido’s digital platform.
Corda Enterprise users will be able to deploy enterprise-grade and production-ready Corda networks on Kaleido. Clients will also be able to run CorDapps on cross-cloud and hybrid networks.
The new Kaleido’s consortium-as-a-service offering provides industry-first digital transformation capabilities to accelerate the business outcomes of decentralised consortium networks.
Key capabilities include smart contract management, a full stack of middleware technologies, a multi-party control plane, and shared DevOps.
R3 noted COVID-19 challenges have highlighted the limitations of legacy inter-company systems and the urgency to modernise to more nimble and collaborative business processes.
Companies are looking to replace legacy processes with digital asset transfers, assure data privacy for partners in new resilient and transparent business networks, and leverage new incentive-based models to drive faster revenue recognition and lower costs, according to R3.
Steve Cerveny, Kaleido founder, said: “The once-in-a-generation shift to digitise enterprise back-office systems is intensifying in this downturn triggered by the pandemic. Enterprises are looking for ways to unlock trapped value and transform risk into opportunity in their B2B networks.”
Cerveny continued: “Kaleido is solving these challenges by enabling customers to use our 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.”
Todd McDonald, R3 co-founder, added: “We’re excited to partner with Kaleido. Now is the time for consortia to develop stronger business models and position themselves successfully for the long-term. The new offering Kaleido is 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.”
Corda is an open-source blockchain platform, and Corda Enterprise is a commercial version of Corda for enterprise usage. The Corda platform is currently utilised in industries from financial services to healthcare, shipping, and insurance.
Kaleido offers services including blockchain-as-a-service, B2B collaboration services, network governance, insights and monitoring, apps and integration, smart contract management, and digital assets services.
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