Polygon Announces About the Collaboration With Kaleido

Polygon Announces About the Collaboration With Kaleido

Polygon is set to collaborate with Kaleido to help businesses enter the public blockchain with simple frameworks. 

On July 21, Polygon, a decentralized Ethereum scaling platform, announced its collaboration with Kaleido, an enterprise-grade “Web3 infrastructure platform”. 

According to the official announcement on Polygon’s blog, the collaboration seeks “to give businesses the power to build custom blockchains tailored to their needs”

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The partnership has also been revealed at Ethereum's annual community gathering in Paris. The collaboration is intended to give companies a possibility to choose from zero to high fee models depending on the type of transactions needed.

Overall, as the interest in Web3, non-fungible tokens (NFT), and decentralized finance (DeFi) is growing more and more, blue chip companies are getting interested in joining public blockchains for complete transparency

Steve Cerveny, shared his insights about this interest:

We’ve been saying for years the enterprise blockchain segment, that popped up in 2015, would come together with these public ecosystems. Now we are seeing enterprise NFTs that are references to digital twins and real-world things and all kinds of utility being created and happening now in 2022.”

The announcement revealed that starting from July 21, Polygon Edge is available on Kaleido. This feature will be a great attribution to those who are looking for a modular framework to start their services on Web3. 

The collaboration will continue to expand, as the blog post notes that Polygon Supernets, the tool used to create application-specific chains, will be launching shortly. 

Polygon notes that this partnership will open doors for building blockchains, which are characterized by “scalability, security, cost, and openness.”

Co-founder of Polygon Hemez, Antoni Martin adds to this idea by stating:

The Polygon Edge framework was designed with enterprises in mind, to help them simplify and speed up the process of building and launching their own customizable and secure Ethereum-compatible Blockchain networks.”

Overall, Polygon's and Kaleido's collaboration will provide a solution for creating new blockchain networks while also being completely compatible with Ethereum smart contracts and their transactions. 

Gile K. - Crypto Analyst

by Gile K. - Crypto Analyst, BitDegree