B2B Payments

Kaleido Eyes Biz Payments, Supply Chains With Tech Stack Launch

blockchain

Enterprise blockchain-as-a-service company Kaleido is rolling out a new B2B tech stack for corporates designed to address friction in their core payments and supply chain processes by making it easier for organizations to access these tools and deploy blockchain apps.

In a press release Wednesday (May 15), Kaleido announced the release of more than one dozen enterprise solutions that look to “advance the business-to-business collaboration of companies looking to reinvent their corporate payment systems, supply chains, commerce rails, financing and cross-industry processes.”

In support of businesses’ digital transformation journeys, the tech stack, part of its Blockchain Business Cloud solution, provides hybrid blockchain functionality and a platform upon which organizations can deploy blockchain-powered tools. The integrated tech stack streamlines corporates’ access to Kaleido’s services, including asset tokenization via its web3 blockchain platform, a tool developed in conjunction with ConsenSys.

“Blockchain has brought a radically better way for businesses to solve an age-old problem of transacting with trust and transparency,” said Kaleido Founder and CEO Steve Cerveny in a statement. “The leading networks we’re partnering with are realizing the benefits of this future before everyone else.

“Today’s announcement is a huge leap forward for enterprises evolving their business networks,” he added. “Kaleido has uniquely brought together all of the necessary tools and technologies on our platform in a single, integrated B2B stack.”

The company added that it will introduce more functionality on its B2B tech stack available via plug-and-play infrastructure, enabling companies to more quickly deploy their blockchain solutions.

Those additional tools include an API gateway, Asset Registry, Document Store and more.

“These capabilities remove much of the burden from enterprises of heavy lifting and specialized skills needed to build decentralized applications,” the company said. “A single API, security, operations and tenancy model makes for a dramatically simpler, more reliable and cost-effective solution than rolling your own.”

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Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 Pay Advances: The Gig Economy’s New Normal, a PYMNTS and Mastercard collaboration, examines pay advances – full or partial payments received before an ad hoc job is completed – including how gig workers currently use them and their potential for future adoption.

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