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JP Morgan spin-off Kadena launches Blockchain-as-a-Service solution on AWS Marketplace

Thu, 24 Jan 2019, 06:35 am UTC

Blockchain startup Kadena has announced the availability of its secure and scalable private blockchain platform, ScalableBFT, on Amazon Web Services (AWS) marketplace.

Using the Community Edition, customers will be able to rapidly evaluate, build, and deploy blockchain-enabled solutions with Kadena's blockchain technology, free of charge.

"We're pleased to work with AWS to help businesses scale efficiently and effectively as smart contract adoption grows," said Stuart Popejoy, co-founder of Kadena. "With blockchain technology adoption increasing across many industries, from government to healthcare to insurance, businesses need the right tools to address security and scalability. AWS Marketplace is the perfect place to share our technology widely."

Kadena explained that the Blockchain-as-a-Service (BaaS) model enables organizations to start using its enterprise blockchain service by quickly provisioning it online. This will also help to cut the cost and time to market associated with the on-premises installation of other blockchain solutions today.

According to the official release, the Community Edition is free to use and supports up to four nodes and 2,000 transactions per second. It will also support secure channels, trustless escrows, pluggable encryption, contract governance, and automatic bug detection via formal verification.

Customers licensing the full version of Kadena's enterprise blockchain software will be able to leverage the full power of the technology, with transaction speeds of 8,000 tps and hundreds of nodes

In April 2018, Kadena is a blockchain technology company that spun out of JP Morgan. It raised $12 million through a Simple Agreement for Future Tokens (SAFT) sale. It saw participation from Devonshire Investors, the private investment arm of the owners of Fidelity Investments, as well as SIG, Asimov Investments, Multicoin Capital and SV Angel.

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