IntellectEU Inc., an international technology company focused on digital finance and distributed ledger blockchain technologies, today announced the launch of its Catalyst Blockchain Platform to enable the creation, management and upkeep of blockchain networks and smart contracts.
The technology behind the Catalyst Blockchain Platform will save organizations time and money, the company said, by providing them the ability to create 10 organization networks in under 10 minutes, across any current infrastructure.
The platform also abstracts away much of the management and upkeep for the blockchain networks by automating as much as possible, but still provides powerful enough tools that users and developers can dive into the network and configure it using Kubernetes, IntellectEU added.
“Blockchain networks are difficult to deploy, monitor and maintain, while blockchain developers with the required deep domain expertise are expensive and difficult to find,” said Thomas Bogner, IntellectEU’s vice president of blockchain solutions “[We created] a user-friendly platform with an automated setup that makes it simple, fast and inexpensive for enterprises to harness the benefits of blockchain technology.”
Blockchain technology can provide substantial benefits with decentralization, immutability, automation, efficiency and security. But the technology has yet to gain widespread adoption because of difficulties and costs associated with managing enterprise-grade blockchain networks.
IntellectEU hopes the tools built into the Catalyst Blockchain Platform will help eliminate many of these barriers and allows companies to focus on business opportunities.
To make the platform as adaptable as possible, Catalyst works with numerous different protocols and smart contract languages including Hyperledger Fabric, R3 Corda and DAML. With the initial release, Hyperledger Fabric will be the first supported protocol. That will include a decentralized ordering service with the Raft protocol that will allow each organization to participate in ordering service, monitoring and voting systems.
The IntellectEU team has also integrated DAML, a digital asset modeling language used for blockchain smart contracts, which will help unlock the value of using ledger-agnostic language capable of creating and representing different types of tokens, coins or other cryptographic assets.
The Catalyst Blockchain Platform is built to run on any cloud or on-premises infrastructure using Kubernetes to launch, monitor and keep nodes operating.
The platform includes fully decentralized capabilities – allowing each participant to host their own version of the ledger and the full logic in a node – and provides the ability to manage channels through a voting system. With Hyperledger Fabric users can customize node properties, monitor the health of the network through an integrated dashboard, access secure storage for digital identity management and develop smart contracts using DAML.
“IntellectEU has played an important role in the evolution and advancement of distributed systems and blockchain technologies as a trusted systems integrator and founding member of the Linux Foundation’s Hyperledger Project,” said Brian Behlendorf, executive director at Hyperledger.
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