Bitcoin, Cryptocurrency And Blockchain News

AWS And ConsenSys Launch a Blockchain Business Cloud Platform


Amazon Web Services (AWS) has teamed up with software company ConsenSys to introduce a blockchain solution for enterprises worldwide. In a post written by Ale Flores, AWS’ Global Segment Lead for Blockchain, he explains that Kaleido will allow businesses to create consortiums and “operate enterprise blockchain networks”.

Steve Cerveny, enterprise lead at ConsenSys and founder of Kaleido, said, “Customers are running into a common set of problems and pitfalls as they invest significant time and money in their blockchain projects. So, we assembled a team to build a platform that pulls together—in a simple, cohesive, and unified way—the right experiences and tools.”

Kaleido is the first blockhain as a service platform (SaaS), a software that is subscription-based, to create private and decentralized blockchain networks.

Users can quickly change the consensus algorithm to tailor the network to specific requirements …This happens while distributing ownership and control of the network among the member organizations according to defined and agreed upon governing policies that are automatically enforced.

From sending transactions to Ethereum mainnet and increasing security to providing analytics and supporting protocols such as Quorum and consensus mechanisms such as RAFT, Kaleido plans to make the process easier for enterprises without an understanding of the complex nature of distributed ledger technology.

Kaleido is a blockchain business cloud, and enterprise is in its DNA.

The platform has already been used by Union Bank of the Philippines to reach rural communities in the country. Other partners in the project include Ethereum Enterprise Alliance and Quorum. Joseph Lubin, Ethereum co-founder and ConsenSys founder, said, “Since the inception of ConsenSys in 2014, we have been on a mission to accelerate the adoption of Ethereum … We believe Kaleido will become a de-facto standard and a global blockchain platform for business, providing an underlying foundation that until today was missing from the enterprise toolkit.”