Free Kadena scalable permissioned blockchain on Azure

The platform also includes a simple smart contract language designed for business. In combination these enable enterprises to develop and deploy …

KadenaKadena is making a free secure, scalable blockchain platform for businesses available on Azure. Intended for evaluation and small-deployment purposes, it is limited to 2,000 TPS across 4 nodes. If an enterprise needs more capacity Kadena will happily sell access to a full Azure-hosted Enterprise Edition of its blockchain.

Will Martino, Kadena co-founder and CEO
Will Martino, Kadena co-founder and CEO

Kadena co-founder and CEO Will Martino told TechCrunch that this builds on the success of last year’s similar endeavour 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.

Features

Among the features being made available are:

  • a scalable solution, to enable organizations to transact digitally (electronically perform commercial transactions and share data)
  • full auditability, via the tamper-proof historical ledger
  • the ability to build blockchain applications which automate business processes (Kadena says this happens with far less effort and risk than other offerings currently available)
  • robustness and flexibility to handle most enterprise workflows
  • security and flexibility – including secure channels, trustless escrows, pluggable encryption, contract governance, and automatic bug detection.

Already in use by Fortune 500 companies Kadena claims it has live deployments in the banking, healthcare and financial services sectors.

The Kadena blockchain

Kadena’s scalable blockchain enables enterprises to transact and share data in a decentralised manner. Kadena’s team is based around experience obtained from building:

  • JP Morgan’s blockchain technology
  • forensic data analysis systems for the Securities and Exchange Commission.

Its next technology solves many of the challenges with current generation blockchains — issues such as:

  • speed
  • scalability
  • security limitations.

Kadena claims its technology can support up to 8,000 TPS across 500 nodes (with the ability to support thousands of users). The platform also includes a simple smart contract language designed for business.

In combination these enable enterprises to develop and deploy new blockchain-based business applications faster and with less risk. Integration with Microsoft Azure services – such as MySQL – produce further complementary solutions.

Enterprise Times: what does this mean

The chase for high TPS blockchain platforms continues (for example, see Cypherium, Hedera, EduHash, Bitconch, GoChain, Constellation, #Metahash, Trustchain, Todo-Algorand). As happened in the long past TPS wars (remember Tandem Guardian vs CICS vs IMS vs Oracle vs …), a renewed competitive spirit has emerged.

There is a caveat. As Enterprise Times has observed previously, many of the high TPS blockchain platforms ‘burn bright’ for a while and then disappear. Whether this is applicable to Kadena is not (yet) clear. It does seem to have greater credibility. It would have more if Enterprise Times, and enterprises, could see the evidence that it handles those 8000 TPS across 500 nodes.

Finally, Kadena is not alone in offering a free trial blockchain as an inducement. And there will be others.

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Blockchain Technology Industry 2018 Global Market Size, Technology Review, Cost Analysis and …

The increasing implementation of blockchain based smart contract in the North America region driving the Blockchain market in this region. The high …

Infinium Global Research has added a new report on Global Blockchain Technology Market. The report covers the analysis of global as well as regional markets of blockchain technology. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global blockchain technology market is projected to grow at a CAGR of 37.6% over the forecast period of 2018-2024.

Ask for Sample Copy of Research Report with Table of Content @ https://www.infiniumglobalresearch.com/reports/sample-request/1963

What is the Market Size of the Global Blockchain Technology Market?

Blockchain technology is basically the record keeping technology that contains the information within the chain of blocks. Blockchain was invented for Bitcoins in 2008 by Satoshi Nakamoto. In this blockchain, the list or record are linked together by using cryptography. Cryptography is a technique to secure the communication from the third-party. The block is the spreadsheet that contains every information about transactions. Each transaction generates a hash, a string of numbers and letters. Each block in the blockchain contains the cryptographic hash of the previous block. Even a small change in a transaction creates a completely new hash. Therefore, each block contains information about the previous block that will further together make the blockchain. The blockchain is one of the types of the distributed ledger that use to record, share and synchronize transactions in a decentralized manner.

What are the Major Drivers, Restraints, Opportunities, Challenges, and Industry Trends and their Impact on the Blockchain Technology Market Forecasts?

The blockchain is a trending technology nowadays, and various companies are trying to implement it in its business owing to its superior ability to maintain records, cost-effectiveness and other advantages. In order to offer the benefits of blockchain to the broader business community, the companies such as IBM, Amazon, and others are decided to deliver the blockchain technology through the cloud As Service business model that is known as blockchain as a Service (BaaS). The growing adoption of BaaS business model from the Individuals and businesses is driving the growth of the blockchain technology market. In addition, BaaS service offers consumers to use cloud-based solutions to build and host their own black-chain through the apps. The blockchain helps them to manage all the necessary tasks and activities including bandwidth management, hosting requirements, allocation of resources, provides security features and many others.

Furthermore, the rapidly growing use of blockchain in the banks, government and public database are anticipated to escalate the growth of blockchain market. The various banks across the world are introducing the blockchain technology in their fund transferring systems. Lower transaction fees, high transparency and minimize the hacker’s attacks with improved securities are the key functions offered by the blockchain in the banking and other financial sectors. The blockchain is programmed to record not just financial transactions but virtually everything of value so they are very beneficial for IT and Telecom, power generation, Educations systems, and other industry verticals. In addition, the blockchain technology is vastly used by the government and Public Database to keep records. The blockchain is capable of providing fast, secure, and low-cost international payment processing services so they are vastly adopted in the payment transferring services that are expected to contribute to the growth of the blockchain technologies market. However, the blockchain is in the skeptical stage that is hampering the growth of blockchain market.

Moreover, the various utilities are evolving into a distributed and smart power grid. The various organization and the companies are investing in distributed power generation. In utilities, blockchain- technology can be applied to several processes, such as energy credit management, the promotion of green energy, asset optimization, payments within microgrids, prepaid smart meters and payments to distributed generation asset owners. The growing use of blockchain in the power generation industries is projected to create several opportunities in the upcoming years. Additionally, continuous blockchain developments and use of blockchain technology among the various industry verticals are expected to serve more growth opportunities for the companies working in the blockchain technology market.

Which Region will Share the Largest Market for the Blockchain Technology?

Among the geographies, North America holds the maximum market shares in the blockchain market. The increasing implementation of blockchain based smart contract in the North America region driving the Blockchain market in this region. The high adoption of advanced technology and the growing application of Blockchain in the BFSI and healthcare is expected to contribute to the growth of the blockchain technology market in the North America region. In addition, Asia Pacific is the fastest growing region in the Blockchain technology market owing to the growing adoption of the blockchain across various industries such as IT and Telecommunication, BFSI and others. The governments in Asia Pacific region are taking initiative to introduce the blockchain technology in the financial sector to modernize their internal operations and minimize costs that will further create various growth opportunities for the blockchain market in this region.

What are the Market Segments of Global Blockchain Technology Industry?

The report on global blockchain technology industry covers segments such as application and industry vertices. On the basis of application, the global blockchain technology market is categorized into payments, digital identity, smart contracts, documentation, and others. On the basis of industry vertices, the global blockchain technology market is categorized into BFSI, media and entertainment sector, healthcare and life sciences, retail and e-commerce sector, power generation, and others.

What are the Market Major Key Players and the Regions of the Blockchain Technology Industry?

The report provides profiles of the companies in the global blockchain technology market such as IBM Corporation, Microsoft Corporation, Amazon, Blockchain Tech Ltd, AWS, Earthport, BTL Group, Factom, Ripple, and Abra.

Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/ict-semiconductor/global-blockchain-technology-market

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JP Morgan Related Project, Kadena, Launches Permissioned Blockchain on Microsoft Azure

According to the report, the Kadena platform will integrate Pact, an “innovative and open source smart contract language designed for both developers …

Kadena, a permissioned blockchain on Amazon Web Services, reported the launch of a new blockchain version on Microsoft’s Azure Marketplace.

The project, labelled Kadena’s Scalable Permission Blockchain Community Edition, is a blockchain as a service platform and will be available for free. The report states,

“Our Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on premise installation of other blockchain solutions today.”

The Kadena Scalable Permission Blockchain Community Edition

The launch of Kadena on Microsoft Azure is set to provide an easy but efficient gateway for businesses and enterprises coming into the blockchain space.

The Founder and CEO of Kadena, Will Martino, is looking forward to new clients using the platform. He remarked,

“We are excited to bring our secure and scalable technology to Azure customers as we continue working with Microsoft Azure Marketplace to develop cloud-enabled blockchain solutions.”

The platform provides its users with a simplified platform for both novices and experts to build and develop blockchain applications. According to the report, the Kadena platform will integrate Pact, an “innovative and open source smart contract language designed for both developers and non-technical people alike and has safeguards to avoid bugs.”

Speaking on the addition of Pact, Kadena President, President Stuart Popejoy, said,

“Pact’s formal verification of user code allows you to harness the same mathematical methods used by aerospace and nuclear power engineers to catch potential exploits before deployment.”

This ensures even with little technological knowledge users will be able to operate the Kadena platform without worry of bugs or other technical challenges.

Enterprises using Kadena will efficiently transact and share data in a secure and decentralized manner.

Kadena Partnership Updates

The startup founded by former JP Morgan executives, provides both public and private blockchains for enterprises. The report further stated the hybrid blockchain has seen wide adoption across the globe including USCF Investments, an asset manager with over $3 billion in assets.

Other companies using the Kadena platform includes Latin American technology business Alteum, a top healthcare company, a Fortune 500 company and a top 100 bank – set to reveal name in days.

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Kadena Unveils Free BaaS Platform on the Azure Marketplace

The firm’s blockchain platform contains its open-source innovative smart contract language called Pact. The language which is designed for non-tech …

Kadena, a promising start-up in the hybrid blockchain solution space, has unveiled an updated version of their enterprise blockchain solution on the Microsoft Azure Marketplace. Kadena’s blockchain solution titled “Kadena Scalable Permissioned Blockchain” is available now on Azure for free, announced Kadena on 27th August 2019 through an official blog post on Medium. It’s important to note that Kadena had launched their permissioned blockchain offering on the AWS(Amazon Web Services) Marketplace back in January.

Kadena’s blockchain edition released on Azure supports up to two thousand TPS (transaction-per-second) and four nodes. In addition, the version will also be supporting trustless escrows, secure channels, contract governance, pluggable encryption, as well as automatic detection of bugs through Formal Verification.

The blog highlights that the set of features it offers is unparallel compared to other private blockchain offerings on the Azure Marketplace. If this was not enough, Kadena allows clients who want to optimally use the technology to get the full licensed version of its blockchain software. The full version would offer clients over 500 nodes and up to 8,000 tps.

As per the blog, Kadena’s BaaS (blockchain-as-a-service) model facilitates entities to begin utilizing their blockchain through a quick online provision. That reduces not only the cost to a great extent but also the duration it usually takes today to install blockchain solutions on-premises.

What’s more interesting is that Kadena’s solution is the first-of-its-kind on the Azure platform that offers Formal Verification. That means the scalable solution by Kadena will allow entities to transact, as well as share data, efficiently in a decentralized and secure manner. The firm also revealed its present blockchain clients that include USCF Investments, a 3 billion dollar asset manager along with Rymedi, a healthcare tech firm, and Alteum, an eminent technology business of Latin America. The company also divulged that its client list includes Fortune 500 firms and one of the top 100 biggest banks in the world, the name of which it will reveal soon.

Kadena’s Founder & CEO, Will Martino, said that in developing with Microsoft, their firm is dedicated to offering an accessible blockchain platform to businesses of varied size and scale. Continuing further, Martino added that they are thrilled to bring their scalable and secure technology to the Azure consumers as they continue to work with the Azure Marketplace for building blockchain solutions that are cloud-enabled.

The firm’s blockchain platform contains its open-source innovative smart contract language called Pact. The language which is designed for non-tech people and expert developers alike has precautions for avoiding bugs. The Azure edition also offers greater interoperability and security, thanks to its upgraded features, such as native support for the cross-blockchain transactions and formally verified interfaces, per the blog post. These new features are available on the AWS edition of the blockchain as well.

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The Rise of Blockchain and the Distributed Ledger

… on the property, blockchain technology would create a smart contract as soon as the survey is complete and inform the Land Registry automatically.
Matt Hawkins, CEO, Cudo Ventures

Matt Hawkins, CEO, Cudo Ventures

Blockchain has evolved since 2008, into technologies with the potential to impact every industry, from transport to finance.

The technology has come a long way; it was shortly after the collapse of the investment bank Lehman Brothers, in September 2008, that the anonymous Satoshi Nakamoto published a whitepaper entitled Bitcoin: A Peer-to-Peer Electronic Cash System.

The whitepaper outlined a new, decentralised, digital currency which would enable peer-to-peer transactions, without the need for a central bank or any other intermediaries. The first block was “mined” by Nakamoto himself in January 2009, and this heralded the first functioning prototype for blockchain technology.

But Bitcoin was just the start, and in the years since its creation, its underlying technology, blockchain, has taken on a number of different roles.

The next evolution of blockchain

With the financial applications of blockchain already established with Bitcoin, people started to look at other ways that distributed ledger technology that could help improve efficiency and streamline processes.

This second iteration of the blockchain was about making use of blockchain to build decentralised applications. Projects like Ethereum leveraged blockchain to create tradeable cryptocurrencies and decentralised platforms for money and new kinds of applications.

Decentralised compute power

In today’s world, blockchain continues to solve new challenges.

One good example of this is processing power. Platforms – such as Cudo, iExec, and Ankr– substantially lower the cost of computing on the blockchain and take decentralisation another step forward, by creating a distributed network of devices instead.

There are several benefits that distributed computing on the blockchain can deliver. Firstly, businesses access to computing power at a much lower cost. Users, businesses, and service providers can generate revenue from leasing out their underutilized hardware capacity for tasks such as rendering videos, processing data analytics queries, and enabling machine learning functions. This comes at a far lower cost for businesses than using the likes of AWS, Microsoft Azure, or Google Cloud.

Secondly, it makes interoperability far easier between different systems, enabling platforms to interact on a more regular basis. By taking out the intermediaries, businesses can streamline processes.

Then there’s the matter of security and governance. Thanks to the immutable nature of the blockchain, businesses can benefit from improved data security and to track products or processes through a supply chain.

A good model of this the HML and Registry. It recently announced a move towards using blockchain in order to reduce the cost of governance and security. It will also use the blockchain to automate the process of buying and selling the property.

For example, if you were to apply for a mortgage and you were carrying out a survey on the property, blockchain technology would create a smart contract as soon as the survey is complete and inform the Land Registry automatically. This could work the same for other businesses, where contracts are automated and created as soon as certain requirements are fulfilled, is securely stored on the immutable blockchain.

Gazing into the crystal ball of blockchain

Blockchain is already facilitating decentralised payments and transactions, enabling smart contracts, and securing information with its distributed ledger technology. With this in mind, it is highly likely that it will form the basis of a new decentralised internet in the future.

Decentralised hosting will integrate thousands of nodes into a network, rather than relying on centralised servers, helping provide greater resiliency and easier global coverage.

As blockchain technology advances, expect compute-focused platforms to overtake traditional legacy-based systems. This will facilitate a more connected world – one in which the internet of things can flourish and in which users can be rewarded for their time, their views, their data, or their compute resources.

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