After more than 3 years of work, the New York startup Kadena will launch its platform hybrid blockchain next January 15th.
Founded in 2016 by two alumni of JP Morgan, Kadena developed a platform blockchain called hybrid because it creates bridges between public and private blockchains.
Its hybrid blockchain would surpass existing smart contract solutions like Ethereum while solving the problems of scalability of the proof of work used by Bitcoin.
The young shoot, which has raised a total of $ 15 million during 3 funding rounds, will launch its platform on January 15, 2020, reports FinanceMagnates.
The two founders, Stuart Popejoy and Will martino (current CEO), both worked at JP Morgan, especially on DLT, before creating Kadena.
For its part, the powerful American bank is very active in the ecosystem and has launched several initiatives of its kind, such as the blockchain network. INN, recently deployed in Japan. She is also preparing to issue her own digital coin, the JPM Coin.