Kaleido to Offer the First Blockchain as a Service Subscription

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December 10, 2018. Kaleido together with ConsenSys* and Amazon Web Services is the first to offer blockchain as a service subscription. This service will have plans that will cater to different types of enterprise ecosystems.

With the cost of blockchain and its scalability, Kaleido along with ConSensys* and Amazon Web Services are offering blockchain as a subscription plan. This will help 78% of executives that feel like that if they didn’t implement blockchain technology in their business, they will lose their competitive edge.

*Kaleido is a ConsenSys business.

Kaleido’s nature of having tiered plans that give them an easy way to get in the blockchain space gives them that.

According to the Founder and CEO of Kaleido, Mr. Steve Cerveny, one of the key challenge their clients face in “getting to production is how to engage and onboard their entire ecosystem of participants.” Which the team approached by using the system’s subscription plans that are said to be designed to “work together”.

“This gives our clients the critical flexibility they need to create compelling network effects within their ecosystem.” – Mr. Steve Cerveny, Founder and CEO, Kaleido

Kaleido is also the blockchain platform Union Bank is using for its Project i2i. This project piloted five rural banks located in far-flung areas in Mindanao namely: Cantilan Bank Inc. of Surigao del Sur, PR Savings Bank, City Savings Bank, FairBank, and Progressive Bank. From these five banks that piloted the project, it has now signed 130 additional banks. This project will connect rural banks to the main network through the blockchain. With this connection, these financial institutions will be able to perform banking functions similar to what universal banks can do, coursed through Union Bank.

In a Philippine CEO Survey 2018, 94% of the respondents believe that blockchain and other innovations such as artificial intelligence and robotics have disrupted their industry in the past 10 years. The survey that was received by 122 top executives, 68% of which plan to change and adapt their business model according to the new technologies and this include the blockchain technology.

In a research made by FinTech Singapore, the blockchain and cryptocurrency business community in the Philippine is continuously growing. This is from its data that 33% of the FinTech space is from payment startups, 30% from alternative finance, and 16% from blockchain and cryptocurrency. The 16% grew 4% from last year’s 12%.

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