Enterprise blockchain adoption is moving into a stage of rapid growth, and increasingly public blockchains are beginning to provide the security and privacy guarantees that enterprises require. While ConsenSys Quorum remains the premier protocol for deploying private-permissioned blockchain networks, projects like the Baseline Protocol and EY’s Nightfall client are bringing new design patterns for deploying enterprise applications on the Ethereum Mainnet. To this point, the advantages of utilizing open networks have been hampered due to well known issues of high transaction fees and slow throughput.
By combining the power of the Ethereum Network and the Layer 2 SKALE Network, enterprises can achieve speed and costs in comparison to centralized solutions. The ConsenSys Codefi suite of financial applications was built to converge existing financial applications and decentralized financial (DeFi) technologies to create more accessible and equitable financial services for everyone, everywhere. SKALE Network is an open-source, decentralized “elastic” blockchain network designed to scale Web3 applications using configurable, application-specific blockchains (SKALE chains). Enterprises working with ConsenSys Codefi will now be able to take advantage of the SKALE Network scaling infrastructure when building the services of tomorrow.
“In order for enterprises to effectively run open blockchains they need a strategic approach married with software and implementation services that will allow them to hit the ground running on day one,” said Jack O’Holleran, co-founder and CEO SKALE Labs. “SKALE is designed to be an enterprise grade open source network because decentralization should not mean a sacrifice on quality and performance. ConsenSys is a clear global leader in enterprise Ethereum software and services and we’re pleased they will partner and support the SKALE network for enterprise clients.”
Enterprises developing blockchain solutions have many options, but Ethereum has clearly become the developer platform of choice. As the most used blockchain in the world, it has a large ecosystem of tools and technologies as well as a substantial pool of developers, making it an optimal platform for enterprises. It’s on this platform that ConsenSys has developed an enterprise offering encompassing open source software, strategic consulting, and implementation products and services.
“Building an enterprise blockchain offering that is flexible and scalable is an absolute must for today’s enterprises, which is why SKALE is such a compelling partner to our offering,” said Didier Le Floch, CTO ConsenSys Codefi. “By adding SKALE Network to our solutions, enterprise customers will get subsecond transactions and fast finality all in a gasless offering. This is absolutely critical for enterprises as they adopt open networks.”
Unlock the Opportunities of Ethereum Blockchain Technology
Companies around the world are exploring blockchain solutions to reimagine the way they do business. From asset management to capital markets, decentralized finance, global trade, payments, and countless other industries, Ethereum technology is helping leading enterprises and institutions solve critical business problems and propel economies of scale.
The ConsenSys Partner Program offers technology partners, systems integrators, application firms, and software vendors access to custom benefits and new business opportunities with our leading blockchain products.
ConsenSys Enterprise Solutions
SKALE Network
SKALE Network is an open-source, decentralized “elastic” blockchain network designed to scale Web3 applications. SKALE chains are configurable, application-specific blockchains, sometimes called “dynamic shards”, that exist one layer above the Ethereum blockchain. Developers can rent SKALE chains that each act as a private Ethereum-compatible smart contract platform with faster block times and the sub-second transactions. SKALE chains can run full-state smart contracts, support decentralized storage, execute rollup contracts and run machine learning algorithms using the EVM (Ethereum Virtual Machine). In combination with Ethereum, SKALE Network aims to allow Web3 apps to compete with traditional apps on a cost and performance basis.
SKALE Labs
SKALE is an elastic blockchain network that gives developers the ability to easily provision highly configurable fully decentralized chains that are instantly compatible with Ethereum. SKALE chains can execute sub-second block times, run up to 2,000 tps per chain, and run full-state smart contracts, support decentralized storage, execute Rollups, and machine learning in EVM. The SKALE Network is an open source project with many contributors including SKALE Labs, Inc. headquartered in San Francisco, CA. The SKALE Network’s supporters include Blockchange, ConsenSys Labs, Hashed, HashKey, Floodgate, Multicoin Capital, Recruit Holdings, Signia VP, and Winklevoss Capital. The SKALE Network is supported by top validators in the world including 01NODE, Ankr, Anonstake, Audit One, Blockdaemon, Blockware, Chainflow, Chainode, Chorus One, Cypher Core, Dokia Capital, Figment Networks, FreshSkale, Hashed x DELIGHT, Hashquark, NGC Ventures,, Staked, Stakin, Stake With Us, WolfEdge Capital, as well as Staking Facilities. For more information please visit www.skale.network, @SkaleNetwork on Twitter, and @skaleofficial on telegram.
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