Kaleido[1], a ConsenSys company, announced[2] on Wednesday at Coindesk’s Consensus, the launch of a new enterprise technology stack and the rollout of over a dozen new features, tools and capabilities for the enterprise blockchain
Kaleido’s new B2B tech stack, a core component of its Blockchain Business Cloud, aims to provide the foundational platform for companies to adopt blockchain, tokenization, and build decentralized applications (DApps). It was launched in collaboration with organizations looking to use the solution to modernize their business processes.
“Blockchain has brought a radically better way for businesses to solve an age-old problem of transacting with trust and transparency. The leading networks we’re partnering with are realizing the benefits of this future before everyone else,” Steve Cerveny, founder and CEO of Kaleido, said on Wednesday.
“Today’s announcement is a huge leap forward for enterprises evolving their business networks. Kaleido has uniquely brought together all of the necessary tools and technologies on our platform in a single, integrated B2B stack.”
UnionBank of the Philippines uses Kaleido as part of Project i2i[3], a domestic and cross border payment network providing services that rely on “a banked-backed token on the blockchain,” according to Justo Ortiz, chairman of the board of UnionBank.
Kaleido customer Komgo is a blockchain-based commodity trade and finance group comprised of global institutions like Citi, ING, Koch Supply & Trading, MUFG Bank, Societe Generale, ABN AMRO Bank, Credit Agricole Group, BNP Paribas, Shell and others.
“Not only did Kaleido power our ability to go into production for letters of credit in record time – only four months after forming Komgo and at multiples of the speed faster than any blockchain-based trade finance network – they have turbocharged our ability to seamlessly onboard the next set of global industry leaders joining our diverse network,” said Souleima
