The Ethereum platform Kaleido is teaming up with the popular scaling solution Polygon to help bridge the gap between public and private blockchains. Kaleido announced its partnership with Polygon Edge at Ethereum’s annual community gathering in Paris.
Polygon Edge is a next-generation enterprise-facing Web 3 project that is meant to help speed up the coming together of public and private blockchains. As growth and interest in fields like decentralized finance (DeFi) increase, a number of companies that started out with private, enterprise blockchains want to switch to public ecosystems.
“We’ve been saying for years that the enterprise blockchain segment, which popped up in 2015, would come together with these public ecosystems,” Kaleido founder Steve Cerveny said in an interview with CoinDesk. “Now, in 2022, we are seeing enterprise NFTs that make references to digital twins, real-world things, and all kinds of other useful things.”
As an all-in-one blockchain platform designed to speed up and make it easier for businesses to use the technology, Kaleido is one of the first blockchain software as a service (SaaS) that includes Enterprise Ethereum. It gives users a choice of protocol options and consensus mechanisms that they can switch between easily.
Kaleido is a full solution for people who are ready for more than do-it-yourself scripts or templates. It makes it easier to set up secure, private blockchain networks without losing the ability to customize the environment. These private networks offer all of the benefits of the blockchain technology that they are based on while keeping the necessary levels of security and performance across all organizations.
Polygon Edge, on the other hand, is a modular framework that was made to make it easier to build private or public Ethereum-compatible blockchain networks. The framework lets developers run their own blockchain networks that are full of customizable features and follow the rules of modular architecture.
This technology’s main purpose is to help start-up new blockchain networks while also being fully compatible with Ethereum smart contracts and transactions.