R3 and Kaleido partner to accelerate cross-industry digitization initiatives

R3 and Kaleido partner to accelerate cross-industry digitization initiatives
12.05.2020 09:38 pm

R3 and Kaleido partner to accelerate cross-industry digitization initiatives

Cloud

At the State of Enterprise Adoption session at this year’s Consensus: Distributed conference, R3 Co-Founder Todd McDonald and Kaleido Founder Steve Cerveny announced the companies formally partner to offer R3’s Corda Enterprise software on Kaleido’s digital platform. 

Corda-powered networks are now available through Kaleido’s consortium-as-a-service offering built for organizations looking to accelerate their collaborative transformation efforts across all sectors, including financial services, healthcare, supply chain, transportation, and the public sector.
 
The partnership allows Corda Enterprise users to rapidly deploy enterprise-grade and production-ready Corda networks on Kaleido. Clients will also be able to run CorDapps on cross-cloud and hybrid networks with a full stack of complementary tools and technologies. The new Kaleido’s consortium-as-a-service offering provides industry-first digital transformation capabilities to accelerate the business outcomes of decentralized consortium networks. Key capabilities include smart contract management, a full stack of middleware technologies, a multi-party control plane, and shared DevOps.
 
The recent global crisis has served to highlight the limitations of legacy inter-company systems and the urgency to modernize to more nimble and collaborative business processes. Companies are looking to replace legacy processes with digital asset transfers, assure data privacy for partners in new resilient and transparent business networks, and leverage new incentive-based models to drive faster revenue recognition and lower costs. This market-level overhaul is best achieved through collaborative consortia, bolstered by enterprise blockchain technology, to bring transparency and trust to their interactions while maintaining privacy and security.
 
Steve Cerveny said: “The once-in-a-generation shift to digitize enterprise back-office systems is intensifying in this downturn triggered by the pandemic. Enterprises are looking for ways to unlock trapped value and transform risk into opportunity in their B2B networks. Kaleido is solving these challenges by enabling customers to use our consortium-as-a-service offering powered by R3’s leading enterprise blockchain technology, resulting in business networks moving from zero to one in record time.

Todd McDonald said: “We’re excited to partner with Kaleido. Now is the time for consortia to develop stronger business models and position themselves successfully for the long-term. The new offering Kaleido is announcing today will support business ecosystems moving into production faster than ever before, to reap the benefits of more efficient cost structures and faster time to value.”

Related News

A Continuous Journey of Digital Transformation - Alibaba Cloud and Its Global Customers at Apsara 2020

As the digital technology and intelligence backbone of Alibaba Group, Alibaba Cloud is experiencing continuous growth alongside its customers... Read more »

Glassdoor Names Sage’s Steve Hare as Highest Rated CEO in the UK During COVID-19 crisis

Sage, the market leader in cloud business management solutions, announced today that Steve Hare, CEO, has been recognised by Glassdoor for... Read more »

Temenos Transact Certified on Alibaba Cloud

Temenos (SIX: TEMN), the banking software company, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced that... Read more »

BidFX Releases Flagship FX Desktop Trading Application on OpenFin

BidFX, the leading cloud-based provider of electronic foreign exchange trading solutions, today announced a significant addition to its product range delivered... Read more »

Shield Joins IBM Cloud for Financial Services Ecosystem

Specialist RegTech provider... Read more »

MYHSM to Add Its Affordable Payment HSM to Compass Plus’ Software Package

MYHSM, the global provider of cloud-based Payment Hardware Security Modules (HSM) as a Service today... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel