Implementing a blockchain across multiple clouds and geographies has been simplified, thanks to a new solution introduced by Kaleido. Available on Microsoft Azure’s Marketplace, the Blockchain Business supports Azure as well Amazon Web Services (AWS). According to industry analysts, AWS and Azure comprise over 80 percent of the public cloud sector. Decentralized ownership of the network across clouds and regions is a foundational enterprise blockchain requirement and Kaleido’s new borderless blockchain capability uniquely fills this need, enabling an accelerated pace of adoption by global blockchain consortia.
Blockchain technology is sweeping across enterprises in all major industries. With its shared ledger and smart contract software, blockchain requires business network participants to collaborate in order to deploy and operate the technology. This collaboration can often take the form of blockchain consortia: groups of organizations that collaborate to define use cases and to develop and run blockchain applications for shared business utility. In fact, according to a recent study by Deloitte, 74% of respondents said their company was either already participating in a blockchain consortium or likely to join one.
Yet organizations to date have struggled to progress blockchain projects in part because each enterprise brings its own pre-existing investments in cloud, IT structures, operating preferences and data residency requirements. Participants starting with different entry points could find themselves siloed in one cloud when they want to graduate out of limited size pilots into large scale hybrid business networks where they can realize the full value of blockchain ecosystem initiatives.
“Blockchain with its shared ledger is fundamentally a distributed technology. The world’s transactional systems are being reinvented on blockchain and need an enterprise platform that also is broadly distributed,” says Steve Cerveny, Kaleido founder and CEO. “We’ve built our platform across the leading public clouds including Microsoft Azure and Amazon Web Services to give our clients the ability to create global, cross-cloud networks. Our customers’ digital ecosystems can now grow and scale wherever and however the participants require.”
Kaleido on Microsoft Azure is available today, can you can try it for free at kaleido.io.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our digital newsletters!