Kadena has announced that its public blockchain network is scaling from 10 chains to 20 chains on July 31. It is also making available an open-sourced coronavirus test result tracking blockchain application for the healthcare industry effective immediately. Along with this (Covid-19 blockchain), the token for Kadena’s hybrid blockchain platform (KDA) will list on the Bittrex Global exchange.
Will Martino, Co-Founder and CEO of Kadena, said: “Bitcoin was created in response to central banks printing unlimited amounts of money during the Great Recession. For all of Bitcoin’s innovation, since its inception, there have been known scaling challenges. A decade later, as financial history repeats itself with seemingly endless quantitative easing, Kadena has launched to successfully scale a layer-1 PoW network.”
Kadena scales to 20 braided chains
Using the same amount of energy as 1 or 10 chains, Kadena will demonstrate 20 chains working in parallel with its Chainweb protocol. Growing the shard count from 10 to 20 chains:
- not only doubles the current throughput
- it also provides a proof of the feasibility of Kadena’s blockchain to scale to 100, 1000 and an ever-increasing number of chains on the public network.
Martino continued: “We created Kadena to fix the fundamental scaling problem with Bitcoin, which has been a barrier to mainstream adoption. Launching Kadena, and now expanding to 20 chains, proves that we can scale a layer-1 blockchain to the point where digital assets can go mainstream.
“Growing from 10 chains to 20 chains means that the infrastructure now exists to service the needs of the digital economy. Kadena has solved the previously long-standing problem of how to securely scale a public blockchain, and we’re the only project that has been able to do it, so far.”
Kadena’s Covid-19 blockchain application
The Kadena team is open-sourcing a distributed application (dApp) or managing and validating COVID-19 test results. This will be available for any healthcare professional to use.
The dApp is available on testnet immediately. It requires no previous experience with blockchain. Furthermore, users do not need to onboard with KDA tokens or a crypto wallet to use its functionality.
The dApp addresses problems with the accuracy of Covid-19 test results. It also addresses concerns about the quality of the testing kits themselves. Testing centres will be able to exploit the dApp in three steps:
- scanning a QR code associated with a testing kit
- entering the patient information
- storing the testing kit ID, patient information and test results securely on Kadena’s blockchain platform.
No personally identifiable patient information is accessible to unauthorised parties. This is delivered through the security of the blockchain.
The dApp provides, therefore, a safe way for the sharing of results among medical teams and patients. In aggregate, with the privacy protections, the captured data can assist academics and government officials to understand better how the coronavirus is spreading demographically.
Enterprise Times: what does this mean
Kadena hybrid blockchain platform is a scaleable layer-1 PoW public network. The platform, at least according to Kadena, solves:
- the scaling challenges of Bitcoin
- the security issues of Ethereum.
Kadena had its full launch at the start of this year. Since then, the Kadena team seems to be turning its attention towards supporting the community, for example with the Covid-19 dApp. The availability of its KDA tokens means these will be directly transferable between individuals. (The tokens can be used for both the creation of new smart contacts as well as for paying the ‘gas cost’ of executing smart contracts.)
The Covid-19 dApp is welcome and the availability of KDA is attractive. However, the heart of what Kadena offers is its high speed, hybrid blockchain. That it can scale within 6 months to 20 chains would seem promising for future enhancements.
[For those interested in the visualization of Kadena’s blockchain and why it can scale, see here.]
