ConsenSys-Backed Blockchain Startup Kaleido Launches New Enterprise Tech Stack

Kaleido, a ConsenSys company, announced 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.

UnionBank of the Philippines uses Kaleido as part of Project i2i, 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 Baddi, CEO of Komgo.

Kaleido is introducing a push-button-simple, industry-agnostic token platform where clients can easily issue different types of custom tokens to digitize assets with a new token factory, transfer ownership with atomic swap services, and automatically manage tokens with a new token explorer. The company said the platform aims to help bring token activity into the mainstream.

Kaleido is also complimenting its multi-cloud platform with a hybrid capability. Kaleido Private Stack, a new extension to the platform, lets a member of a business network join and run a node from anywhere they choose including on-premise data centers to enable truly borderless blockchain networks.

Several other services across its B2B tech stack were also launched, all available via plug-and-play production-ready infrastructure, including the Asset Registry, Address Book, Eth Firewall, Event Streams, App to App Messenger, Document Store, Enterprise Connectors, API Gateway and Eth Wallets for apps. 

The company said the new capabilities are aimed at removing much of the burden from enterprises of the heavy lifting and specialized skills needed to build DApps.

Kaleido is also expanding its plug-and-play blockchain marketplace with the addition of new tech partners Rhombus, OpenLaw, and Pantheon, decentralized oracle service Chainlink, and a new category for developer tools, among other services.

Launched last year at the Consensus 2018 conference, Kaleido has since helped some of the world’s top brands deploy blockchain-based solutions including T-Mobile, Kroger, Heineken, Sony and Fox.

“Last year, we launched the world’s most advanced enterprise blockchain platform with Kaleido in order to take the complexity out of blockchain. Enter web3, which will take digital assets and tokenization to the next level on the blockchain,” said Joe Lubin, founder of ConsenSys and co-founder of Ethereum.