Blockchain Developer’s platform Gelato launches a new blockchain-as-a-service solution to Avalanche to meet the growing demand for the Sovereign Blockchain Infrastructure during an important “tipping point” for institutional adoption.
The gelato, which had previously developed blockchain solutions for Avalanche Interchain (ICM) messaging.
Gelato emphasized that its services are ideal for advanced applications such as Financial Technology (Fintech) that require verification of identity (KYC) and specialized gaming economies, according to a March 28 announcement shared exclusively with cointelegraph.
The service allows companies to quickly deploy independent (“sovereignty”) blockchains with fewer costs and faster launch hours.
Luis Schlesske, founder of Gelato, said that previously launching a blockchain requires extensive knowledge of technical and significant engineering resources. Gelato’s new product reduces the complexity involved. He said to cointelegraph:
“Gelato’s Raas in Avalanche streams everything from deployment and upgrading to real-time monitoring and scales. This is a plug-and-play solution that falls on time-to-market and operating a burden that carries the aws-level infrastructure during the rollup.”
“The future of the enterprise blockchain is sovereignty, interoperable, and invisible to end-user,” he added.
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The new solution will allow a click Layer-1 (L1) network Avalanche deployment and leverage key network advancement such as dynamic fees and avalanche removal (Avax) token staking requirements.
“The Avalanche L1s marks a paradigm shift in the blockchain infrastructure, which enables a future in which each application can run on its own sovereign chain, which will be optimized for its unique needs,” said Martin Eckardt, senior director of developer relationships at AVA Labs.
Total amount locked, all chains. Source: Delete
Avalanche is the 10 -largest industry blockchain network, with more than $ 1.1 billion in total amount locked (TVL) across its applications, Delete Data displays.
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The reliable infrastructure is a “prerequisite” for the adoption of institutional crypto
The crypto industry is on the “tipping point” for adopting institutional blockchain, with more financial institutions looking to adopt technology.
However, financial institutions require a more stable infrastructure to have confidence to adopt a blockchain and more crypto offerings, Schlinesske said, added:
“Institutions do not build on crypto infrastructure that feel experimentally or unreliable.
Fox News and Ebay are some of the well-known brands that have launched blockchain-based solutions on the Gelato development platform.
https://www.youtube.com/watch?v=ndnryf5nlkw
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