Kadena , Hybrid blockchain solutions startup has updated its enterprise blockchain platform on the Microsoft Azure Marketplace.

On Aug. 27, Kadena declared that its new product known as Kadena scalable Permissioned Blockchain is accessible on Azure Marketplace without charge.

Blockchain scalability ambitions

Founded by former blockchain specialists at U.S. banking big JPMorgan, Kadena initial discharged its permissioned blockchain on the Amazon web Services Marketplace in Jan 2019.

At the time, company co-founder Stuart Popejoy stated that existing versions of private blockchains were inadequate because of low scalability. Kadena conjointly claimed that 2 Fortune 100 companies within the health and insurance trade were using its blockchain.

In today’s announcement, the New York-based company stated that its current blockchain purchasers include $3 billion asset manager USCF Investments, healthcare technology company Rymedi, major resident tech firm Alteum and Fortune 500 firms. Kadena conjointly claimed that it counts one among the world’s top 100 largest banks as a shopper, however declined to disclose the name.

Private chain for enterprise use

Kadena’s upgraded enterprise blockchain platform supports up to four nodes and a couple of,000 transactions per second, per the announcement. This version can support new options like secure channels, trustless escrows, pluggable encryption and contract governance.

Will Martino, Kadena’s co-founder and chief executive officer, told TechCrunch that the recent launch of their enterprise blockchain product on Azure builds on the success of last year’s endeavor involving AWS. He said:

“Our private chain is intended for enterprise use. It’s designed for being high performance and for integration with ancient back ends. And by transfer that chain to AWS marketplace, and currently to Microsoft Azure, we tend to are pairing most of the enterprise blockchain market that takes place within the cloud.”

Co-founded by Popejoy and Martino — each of whom worked at JPMorgan on early blockchain projects before launching Kadena in 2016 — Kadena has raised $14.9 million thus far, per the TechCrunch report.

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