Amazon & Ethereum: Creating a Blockchain Business Cloud

Amazon Web Services has announced a new collaboration with Ethereum development studio ConsenSys that will lead to the launch of Kaleido, a blockchain business cloud designed to streamline and simplify the creation, deployment and operation of enterprise private blockchain networks.

Presented by onlinebetrug at the Consensus Conference 2018 in New York

The new blockchain service was recently announced at the Consensus 2018 conference in New York and will help organizations leverage the potential of blockchain technology. Amazon recently announced the introduction of instant blockchain templates for Ethereum and Hyperledger, but the Kaleido solution is the first software to be delivered as a service via Amazon Web Service checked by onlinebetrug.

According to Cerveny, Kaleido enables companies to quickly and easily create blockchain solutions that offer more functionality than simple, ready-to-use templates:

“THIS ALL-IN-ONE BLOCKCHAIN BUSINESS CLOUD CHANGES THE ECONOMIC EQUATION OF AN ENTERPRISE BLOCKCHAIN PROJECT. BY OFFERING A COMPLETE SOLUTION THAT GOES FAR BEYOND DO-IT-YOURSELF SCRIPTS OR TEMPLATES, KALEIDO SIGNIFICANTLY ACCELERATES DEVELOPMENT AND IMPLEMENTATION CYCLES AND DRAMATICALLY LOWERS OPERATING COSTS. WHAT SALESFORCE DID FOR CRMS, KALEIDO WILL DO FOR THE BLOCKCHAIN.”

Kaleido Promises One-Click Bitcoin code Development

The new Bitcoin code development solution was developed by Amazon and ConsenSys to remove market entry barriers faced by companies that want to develop and implement distributed ledger-based solutions – according to Gartner’s 2018 CIO survey, only one percent of all respondents said they use the Bitcoin code in their companies. This low adoption is associated with the cost, complexity, and interoperability of blockchain technologies. Kaleido founder Steve Cerveny commented on the benefits of the new Kaleido platform in a recent press release:

“UNLESS BLOCKCHAIN OPERATION IS DRAMATICALLY SIMPLIFIED, COMPANIES WILL BE FORCED TO WITHDRAW THEIR INVESTMENTS AND OUR SOCIETY WILL BE TOO SLOW TO REALIZE THE SIGNIFICANT POTENTIAL OF THE BLOCKCHAIN. WE’VE REDESIGNED THE KALEIDO PLATFORM FROM THE GROUND UP AND EQUIPPED IT WITH NEW USER EXPERIENCES AND TOOLS TO RADICALLY SIMPLIFY THE ENTIRE CORPORATE JOURNEY.

What can Kaliedo do?
The Kaliedo solution enables organizations to create customizable, secure and approved blockchain networks that provide full blockchain functionality without costly and complex development cycles. Networks created through Kaleido can be “anchored” in the public ethereal blockchain to reduce the risk of subsequent collusion. Ceverny emphasizes the importance of developing blockchain-based solutions that deliver tangible business value:

“PUBLIC AND PRIVATE BLOCKCHAINS HAVE DEVELOPED LARGELY INDEPENDENTLY IN RECENT YEARS. WE KNEW THAT A NEXT-GENERATION PLATFORM MUST FOCUS ON CONVERGENCE BETWEEN THE TWO. KALEIDO BRINGS THEM TOGETHER IN A VALUABLE AND MEANINGFUL WAY FOR COMPANIES. AND TRUE TO OUR MISSION, WE ARE MOVING THE BOUNDARIES IN THIS AREA AND MAKING IT REALLY EASY FOR COMPANIES TO TAP INTO THEM.”

While Amazon does not yet suggest any steps towards a pure Amazon blockchain solution, the massive presence of the company means that it is essential in the long run to use blockchain technology in their own wholesale business.