JPMorgan Spinoff Kadena Launches Public Blockchain, Integrates Wallet to Cosmos Network

Stuart Popejoy speaks at Construct 2017.Crypto startup Kadena's public blockchain launched Wednesday, adding interoperable smart contract support between the public chain and its private chain counterparts.

As part of its efforts in interoperability, Kadena is also integrating its wallet Chainweaver with the Cosmos Network, allowing different blockchains to interact.

Using an in-house smart contract language called Pact, Kadena said the advancement introduces a "Hybrid blockchain" model capable of processing 750 transactions per second, though 750 is just Kadena's conservative estimate.

"You have a scalable private blockchain, you have a scalable public blockchain and you have Pact, and the application layer that allows you to communicate between all three," Popejoy said.

Kadena said a number of companies already plan to utilize its hybrid blockchain model in finance and healthcare, including Rymedi, a North Carolina medical technology firm and facilitator of an FDA-approved study of blockchain tracing specialty prescription drugs.

To further aid its scaling and interoperability goals, Kadena hopes to conclude its Cosmos integration by the end of March.

As part of the move, Kadena will make Pact available on Cosmos as Kadenamint, meaning developers will be able to create smart contracts using Kadena's token starting Wednesday.

"Besides storing cryptocurrencies, our multi-blockchain wallet can provide a tool kit and user-friendly programming environment for developers on the Cosmos Network," said Kadena founder Will Martino.

Developers can write smart contracts for both Cosmos and Kadena from the same interface using Chainweaver.

"In our partnership with Kadena and the integration of its digital wallet Chainweaver, those issues are solved," he said.