Recently a Brooklyn-based startup launched a hybrid blockchain to give enterprises access to the public blockchain without compromising with privacy. Will Martino and Stuart Popejoy are the founders of this company and they have the experience of working for JP Morgan Chase’s blockchain team. The founders stated that their hybrid blockchain would solve various scalability issues and they have proof-of-work (PoW) networks like Ethereum and Bitcoin. Martino had stated that the Kadena mainnet is a scaled proof of work mainnet and the main key here is for the first time they have figured out a solution to have a scaled PoW network. Few of the Kadena’s hybrid blockchain includes a private chain named Kuro and a public chain named chain web.
The blockchain is used to cut down the intermediaries that are unnecessary in the process. If the enterprises want to make use of reduced friction of blockchain then they must make use of public blockchain. By functioning on a private blockchain network the companies might have limited access to only one financial institution and intermediaries that work for other hosting organizations and software companies. The above statements were made by Paul Brody a well-renowned blockchain leader in a column for Coindesk.