BlogChain 2019

This past June, Kadena Founder and CEO, Will Martino, was invited to speak at Consensus 2019. While speaking on the panel on ‘Why Blockchain Privacy Matters to the Enterprise,’ Will discussed the benefits of a hybrid blockchain platform and smart contract technology.

Kadena began enabling Kadena (KDA) token transfers on December 17. The network has experienced some serious growth as we’ve transitioned from testnet to mainnet, with over 1,000,000 blocks mined by more than 10,000 GPUs (at an average hash rate between 10–15 TH/second) on mainnet. We’ve been heavily relying on the community to help establish best miner practices in the network.

The biggest impediment to the broad adoption of decentralized applications (dApps) is the requirement that participants onboard to a cryptocurrency first. As a consequence, interested parties often do not adopt because the ‘sign up’ or ‘create an account’ flow involves learning about wallets and keys. Then, participants find that they need to purchase tokens to pay for gas, which leads them to try to understand exchanges. By this point, it is understandable why the average participant already wants to give up. Overall, the contemporary dApp user journey is closer to about as painful as opening a bank account when it needs to be as simple as signing up for Instagram.

Today, Kadena has begun enabling Kadena (KDA) token transfers. Since we announced mining to our community on October 30, the network has experienced significant growth. As of December 17, we have seen over 1,000,000 blocks mined by more than 10,000 GPUs (at an average hash rate between 10–15 TH/second). Now, tokens earned by miners are transferable from and to other people (peer-to-peer). Token transfers represent the second stage towards the full launch of Kadena’s hybrid blockchain platform and Pact smart contract transactions early next year.

Kadena, the first blockchain technology company to come out of JP Morgan’s Blockchain Center for Excellence, announced a strategic partnership with Rymedi, providers of a data platform revolutionizing healthcare supply chains. Rymedi’s integration with Kadena’s blockchain provides immutable supply genealogy and multi-partner data access, extending existing client capabilities, ranging from tracking pharmaceutical supply chain in developing countries such as Mongolia and Kenya to assisting hemp/CBD growers and extractors looking to bring the safest products to market.

As Kadena continues working toward the full launch of our hybrid blockchain platform in January 2020, we’d like to share the progress we’ve made so far. In addition to reaching the business and technology milestones following our last roadmap update, we have appreciation for the industry-leading conferences and partners that have collaborated with us because they see the value in Kadena’s hybrid network. Utilizing Kadena’s open-sourced Pact smart contract language (with Formal Verification), our platform will deliver simple and secure interoperability between both public and permissioned chains.

Kadena has released mainnet mining to the public, inviting the mining community to begin solving blocks on the Kadena public blockchain. Kadena’s network has come alive with activity as miners from all over the world participate on the Kadena network.

As part of our ongoing efforts to keep the community informed, we are sharing the release schedule for Kadena 1.1, which enables coin transfers on the Kadena public blockchain. After the initial release, the transition from version 1.0.5 to 1.1 will take place over three stages from December 2 to December 6, 2019, followed by a ramp-up period of transfer volume.

In the field of blockchain, one of the first experiences that users typically have is with a “crypto wallet.” While cryptocurrency is one of many use cases for blockchain, it is the most popular and interesting for new participants. Even in the early days of this technology, there is already an overwhelmingly broad variety of crypto wallet providers. Their fea

It’s 2019, and with Facebook’s announcement of Libra and J.P. Morgan’s introduction of JPM Coin, it has become clear that the future of business involves blockchain technology. What this means in practice, however, is harder to pinpoint. There is currently a philosophical divide when it comes to blockchain. The enterprise mindset, as represented by JP Morgan, IBM and the like, sees blockchain as only being useful if the participants are tightly controlled. This is what we call a “private” or “permissioned” blockchain.