Avalanche and Gelato Launch Blockchain-as-a-Service for Enterprise

Avalanche and Gelato have collaborated to introduce a new blockchain-as-a-service solution designed to offer enterprise sovereign chains tailored for institutional use. This initiative addresses the escalating demand for dependable and robust blockchain infrastructure, which is essential for the widespread adoption of cryptocurrency among financial institutions.

Gelato, a leading blockchain developer platform, has unveiled this new service on the Avalanche network. The platform is engineered to allow developers to deploy fully sovereign chains more swiftly and economically, with seamless interoperability ensured by Avalanche InterChain Messaging (ICM). This enhancement is particularly advantageous for sophisticated applications such as financial technology (fintech) that necessitate identity verification (KYC) and specialized gaming economies.

The service empowers companies to launch independent blockchains with lower costs and expedited launch times. Luis Schliesske, the founder of Gelato, noted that previously, launching a blockchain demanded extensive technical expertise and substantial engineering resources. Gelato’s new offering simplifies this process, making it more accessible. Schliesske explained, “Gelato’s RaaS on Avalanche streamlines everything from deployment and upgrades to real-time monitoring and scaling. It’s a plug-and-play solution that reduces time-to-market and operational burden, bringing AWS-level infrastructure to the rollup era.”

The new solution facilitates one-click layer-1 (L1) network deployment on Avalanche, utilizing key network advancements such as dynamic fees and the elimination of the Avalanche (AVAX) token staking requirements. Martin Eckardt, senior director of developer relations at Ava Labs, remarked, “Avalanche L1s represent a paradigm shift in blockchain infrastructure, paving the way for a future where every application can operate on its own sovereign chain, optimized for its unique requirements.”

The crypto industry is at a pivotal moment for institutional blockchain adoption, with an increasing number of financial institutions exploring the integration of this technology. However, for this adoption to materialize, institutions require reliable and robust infrastructure. Schliesske underscored that institutions will not adopt crypto infrastructure that appears experimental or unreliable, stating, “That reliability is a prerequisite for onboarding financial institutions, governments, and large enterprises.”

Notable brands such as Fox News and eBay have already implemented blockchain-based solutions on Gelato’s development platform, showcasing the platform’s potential and reliability. This new service from Avalanche and Gelato is poised to further accelerate the adoption of blockchain technology by providing a more streamlined and efficient infrastructure for enterprise use.