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As the demand for decentralized solutions surges, Gelato’s recent blockchain-as-a-service offering stands to reshape institutional crypto adoption.
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The launch of this cutting-edge service on Avalanche signals a pivotal moment, addressing the crucial need for reliable blockchain infrastructure in the financial sector.
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According to Gelato founder Luis Schliesske, “Institutions will not build on crypto infrastructure that feels experimental or unreliable.”
Explore how Gelato’s new blockchain-as-a-service solution on Avalanche is paving the way for institutional adoption of cryptocurrency infrastructure.
Gelato’s Blockchain-as-a-Service Solution: A Game Changer for Developers
Gelato has unveiled a revolutionary blockchain-as-a-service (BaaS) solution on Avalanche, aiming to facilitate the swift deployment of independent blockchain networks for developers and enterprises. This service is designed especially for organizations seeking to implement cutting-edge decentralized applications (dApps) without the complexities typically associated with blockchain deployment.
The introduction of Avalanche InterChain Messaging (ICM) enhances interoperability between different chains, allowing organizations to create customized, fully sovereign blockchains that can proactively respond to their unique operational needs. In an evolving landscape, the ability to quickly launch a network can significantly reduce costs and time-to-market.
Accelerated Launch with Minimal Technical Barriers
Historically, launching a blockchain required extensive technical acumen and significant engineering efforts. Gelato’s solution aims to eliminate these barriers, providing a user-friendly platform where developers can deploy blockchains with minimal hassle. This democratization of blockchain technology marks a significant shift, enabling companies across various sectors, from finance to gaming, to innovate freely.
Gelato emphasizes the importance of identity verification (KYC) in its service, ensuring compliance with regulatory standards that financial institutions demand. By streamlining complex tasks into a manageable process, Gelato empowers businesses to focus on innovation rather than technical roadblocks.
Infrastructure as Key to Expanding Institutional Interest
The crypto ecosystem is approaching a critical inflection point, with adoption among mainstream financial institutions on the rise. As firms increasingly explore blockchain technology, the need for robust, dependable infrastructure becomes more pronounced. Gelato’s offering serves as a response to this necessity, presenting a reliable pathway for institutions hesitant to engage with unproven blockchain frameworks.
Schliesske articulates a vital truth: “That reliability is a prerequisite for onboarding financial institutions, governments, and large enterprises.” This sentiment underscores the core value of Gelato’s new solution, positioning it as an essential player in the evolving cryptocurrency landscape.
Avalanche’s Position in the Blockchain Market
Avalanche has firmly established itself as a respected entity within the blockchain space, currently holding the rank of the tenth largest network in terms of total value locked (TVL), which sits at over $1.1 billion across various DeFi applications according to DefiLlama data. The ongoing developments in Avalanche’s infrastructure serve to further enhance its competitive edge in the blockchain sector.
With this new BaaS solution, Avalanche not only enables one-click layer-1 network deployment but also integrates critical advancements that boost efficiency. The removal of staking requirements for the AVAX token and the adoption of dynamic fees showcase Avalanche’s commitment to optimizing user experience and network resilience.
Conclusion
Gelato’s blockchain-as-a-service solution emerges as a vital step toward bridging the gap between institutional demands and blockchain technology. By offering a reliable, fast, and efficient platform for developers and enterprises, Gelato is facilitating a broader adoption of cryptocurrency innovations across various industries. As this technology continues to mature, the future looks promising for mainstream blockchain integration.
