Amazon launches blockchain business cloud in partnership with ConsenSys

Marco Green
May 16, 2018

Blockchain can help enterprises with a lot of new possibilities by providing decentralized, secure, transparent, and absolute transactions, interactions and processes.

Amazon Web Services Inc.is at last getting itself into the blockchain game, teaming up with the Ethereum design studio ConsenSys Inc. on a new platform that aims to make it easier for enterprises to implement the technology.

The new blockchain service was announced at the recent Consensus 2018 Conference in NY and will see the two organizations work together to assist companies in capturing the potential of blockchain technology.

"They can focus on their scenario, and they don't have to become PhDs is cryptography, we give them a simple platform to build their company on the blockchain", stated Steve Cerveny, one of the creative mind behind Kaleido.

Despite AWS's previous involvement within the blockchain technology space, their partnership with Consensys is a big deal.

Kaleido Blockchain Business Cloud platform is an all-in-one blockchain platform aimed at speeding and simplifying enterprise use of the technology.

The Kaleido platform is created to offer companies the immutable security of a public blockchain without compromising the flexibility of private networks in what the companies call a "private-public" approach to blockchain operations. By offering a full solution way beyond do-it-yourself scripts or templates, Kaleido significantly speeds up development and deployment cycles and dramatically lowers operating costs. "These private networks offer all the benefits of the underlying blockchain technology, while maintaining the necessary levels of security and performance", wrote Ale Flores, Senior Product Manager at AWS, in a blog post.

Now, however, e-commerce giant Amazon's arm has tied up with Kaleido, which was born out of Lubin's incubator ConsenSys, for a blockchain partnership.

Figure 1 - With Kaleido, it starts with a digital representation of your business relationships.

Figure 2 - Hardened environments come up in seconds with integrated tools, including the option to anchor to mainnet.

Plus, the platform offers a "state relay" between a private chain (like a chain setup by a group of enterprises) and a public blockchain.

According to AWS, Verizon began running on the public cloud service in 2015. "At this point there are tens of thousands of companies around the world that have real sophistication around this".

The result is that blockchain is more accessible and easier for customers to use, and even faster for them to connect blockchain solutions to AWS services securely. They're putting it in the marketplace, (that) will accelerate what their customers are going to do with it. He said it can also help connecting enterprises' private blockchains to the ethereum network. Customers also need help with hardening and scaling for enterprise-grade production.

In the Kaleido tenancy model, all networks are isolated, and ingress to nodes within a network is unique and isolated per member. Kaleido is bringing them together in a valuable and meaningful way for enterprises. Doing this as SaaS radically changes the project economics and success rates for customers.

Other reports by Click Lancashire

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