In a significant move to enhance blockchain accessibility for institutions, Gelato has announced the launch of its innovative blockchain-as-a-service (BaaS) solution on the Avalanche platform. This development comes at a critical juncture as financial entities increasingly consider adopting blockchain technology, signaling a shift towards a more mainstream acceptance of decentralized solutions.
The new offering from Gelato aims to cater to the escalating demand for sovereign blockchain infrastructures, allowing developers to deploy fully independent blockchain networks swiftly and economically. With its robust track record of delivering blockchain solutions for major clients like Kraken and Animoca Brands, Gelato’s latest upgrade introduces a streamlined experience that prioritizes efficiency and cost-effectiveness.
According to a March 28 announcement shared exclusively with Cointelegraph, Gelato’s service is particularly advantageous for advanced applications requiring stringent identity verification (KYC) processes within sectors such as financial technology and specialized gaming economies. This essential service enables companies to establish autonomous blockchains with significantly reduced costs and expedited launch durations.
Luis Schliesske, founder of Gelato, highlights how previous processes for launching blockchains were resource-intensive and technically demanding. The new product is designed to simplify this complexity, enabling companies to focus on innovation rather than spending excessive time and resources on setup. Schliesske elaborated, stating, “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 slashes time-to-market and operational burden, bringing AWS-level infrastructure to the rollup era.”
Schliesske further asserts that the future of enterprise blockchain lies in sovereign, interoperable solutions that remain unobtrusive to end-users. This forward-thinking approach is reinforced by the introduction of one-click layer-1 (L1) network deployments on Avalanche, taking advantage of advancements like dynamic fees and the removal of staking requirements associated with the Avalanche (AVAX) token.
According to Martin Eckardt, senior director of developer relations at Ava Labs, Avalanche L1s represents a transformative shift in blockchain infrastructure, enabling unique applications to operate on their own customized sovereign chains. This advancement is pivotal for fostering an environment where distinct applications can thrive based on their specific requirements.
Avalanche currently stands as the 10th largest blockchain network, boasting over $1.1 billion in total value locked (TVL) across its DeFi applications, as reported by DefiLlama. This metric underscores the growing traction and relevance of the Avalanche network in the competitive blockchain landscape.
Building Reliable Infrastructure for Institutional Confidence
The cryptocurrency sector is approaching a tipping point for institutional adoption, with a notable increase in interest among financial institutions eager to explore blockchain capabilities. However, as Schliesske emphasizes, the successful integration of these technologies requires robust and reliable infrastructure. “Institutions will not build on crypto infrastructure that feels experimental or unreliable,” he stated. “That reliability is a prerequisite for onboarding financial institutions, governments, and large enterprises.”
With prominent brands like Fox News and eBay already leveraging Gelato’s development platform for blockchain-based solutions, the potential for widespread institutional adoption of blockchain technology appears increasingly viable.
As the industry evolves, the collaboration between Gelato and Avalanche heralds a new era for blockchain infrastructure, which could ultimately redefine how enterprises utilize decentralized technologies for their operational needs.
