The platform, labeled Kaleido Marketplace, supposedly “eliminates 80% of the tailor-made code” required to develop a given blockchain project by offering a series of full-stack tools and covenants that are “plug-and-play,” encompassing demands from back-end creation to front-end app user interfaces.
The press release further states that customers of marketplace can tap into native combinations with AWS cloud, as well as quickly employ solutions such as “HD wallets for privacy and ID registries for organizational identity, as well as industry products such as Chainlink for smart contract oracles, Viant for supply chain management, OpenLaw and Clause.io for real-time legal contracts.”
Kaleido founder and CEO Steve Cerveny has emphasized that serving a “whole cloud of blockchain technologies” for customers is crucial given that:
“[…] only about 10 percent of an enterprise blockchain project is the blockchain itself. There are many other application, data and infrastructure components required to go into production.”
An existing Kaleido customer is supposedly the main commodities trading and financial network Komgo, which includes global financial institutions and companies including Citi, MUFG Bank, ING and Koch Supply & Trading, Credit Agricole Group, Societe Generale, Shell and BNP Paribas.
Komgo CEO Souleïma Baddi has correspondingly stressed that the simple selection from multiple appropriate protocols throughout the development of the Kaleido ecosystem can support the optimization of solutions and “deliver production ready products for a large number of participants at a very fast pace.”
Back in May, Kaleido, which was a promising project, received support from Joseph Lubin’s blockchain incubator ConsenSys. Kaleido is based on the Ethereum (ETH) network. Lubin has earlier opined of Kaleido that it can assist creating Web 3.0 “radically simple” for enterprises.
In April, AWS unveiled its own blockchain systems for Ethereum and Hyperledger Fabric before its most recent association with Kaleido, permitting its clients to construct and oversee their native decentralized blockchain applications (DApps).