Catalyst Blockchain Platform From IntellectEU Makes Blockchain Technology Easier to Use Than Ever

By AIT News Desk On Jun 24, 2020

The first decentralized cloud-agnostic platform accelerates the creation, management, and upkeep of blockchain networks and smart contracts, saving time and money

IntellectEU, an international technology company focused on digital finance and emerging technologies, announced the general availability of Catalyst Blockchain Platform, a platform solution that enables the creation, management and upkeep of blockchain networks and smart contracts on any cloud, on-premises or hybrid infrastructure. The platform saves organizations time and money by providing the ability to create a 10 organization network in under 10 minutes. Catalyst Blockchain Platform is already being used by several financial institutions and is expanding to other industries such as insurance, telecommunications, healthcare, and logistics.

Although blockchain technology can provide significant benefits such as decentralization, transparency, immutability, efficiency, and security, it has yet to achieve widespread adoption largely because of the difficulty, cost, and time associated with creating and managing enterprise-grade blockchain applications. Catalyst Blockchain Platform breaks down the aforementioned barriers to adoption and allows companies to focus on their business opportunities by eliminating the complexity of blockchain.

“Blockchain networks are difficult to deploy, monitor, and maintain, while blockchain developers with the required deep domain expertise are expensive and difficult to find,” said IntellectEU VP of Blockchain Solutions Thomas Bohner. “We channeled IntellectEU’s years of expertise, delivering more than 25 blockchain projects for highly-regulated industries around the globe, to create a user-friendly platform with an automated set-up that makes it simple, fast, and inexpensive for enterprises to harness the benefits of blockchain technology.”

IntellectEU’s Catalyst Blockchain Platform works with different protocols and smart contract languages (including Hyperledger Fabric, R3 Corda, and DAML) which can be installed on any cloud system. For the initial release, Hyperledger Fabric is the first supported protocol, enhancing its modular architecture, scalability, and privacy features, and facilitating peer and chaincode management. Additionally, it includes a decentralized ordering service with Raft protocol and allows each organization to participate in ordering service, monitoring, and voting systems. The IntellectEU engineering team successfully integrated DAML into the platform to unlock the value of their ledger-agnostic smart contract language.

“IntellectEU has played an important role in the evolution and advancement of distributed systems and blockchain technologies as a trusted systems integrator and founding member of the Linux Foundation’s Hyperledger Project,” said Brian Behlendorf, Executive Director, Hyperledger. “With their proven domain expertise, I expect a lot of market attention around the Catalyst Blockchain Platform as enterprises look for a more accessible way to solve business problems using blockchain technology.”

Catalyst Blockchain Platform is built to run on any cloud or on-premises using Kubernetes to launch, monitor, and keep nodes up and running. Additionally, the platform provides the following unique benefits:

Full decentralization – each participant hosts nodes which are part of the whole consensus network
Ability to manage channels through the voting system
Customization of Hyperledger Fabric node properties
Integrated monitoring dashboard
Secure storage for managing digital identities
Flexible and highly-qualified support service
Integrated DAML smart contract language

IntellectEU’s Catalyst Blockchain Platform provides large enterprises with flexible terms, personalized support, and optional white-label solution, as well as competitive pricing and bespoke packages for smaller teams and developers.