Economy

Amazon introduces Kaleido to simplify the use of blockchain for customers

Amazon introduces Kaleido to simplify the use of blockchain for customers”

"Many of today's discussions around blockchain technology remind me of the classic Shimmer Floor Wax skit".

Following a week filled with bullish news, we have one more you shouldn't miss: tech giant Amazon has made a decision to partner up with a start-up named Kaleido, with the objective of making it easier for customers to transfer their services on the blockchain.

"If blockchain doesn't become dramatically easier to use, then companies will have to walk back their investments and our society will be far too slow in realizing blockchain's significant promise", said Founder of Kaleido, Steve Cerveny. "So, we assembled a team to build a platform that pulls together-in a simple, cohesive, and unified way-the right experiences and tools".

Big companies like Microsoft are seeing opportunities in blockchain technology lately.

News of the partnership comes a little more than five months after the cloud firm's CEO Andy Jassy revealed that AWS wouldn't focus its services on blockchain in the immediate future, according to a report by tech news portal ZDNet.

"It will be the first blockchain software as a service (SaaS) and will be able to "[link] between private networks and the public Ethereum mainnet". These networks offer all of the benefits of the underlying blockchain technology, while still maintaining the necessary levels of robustness, security, and performance, it explained.

Figure 1 - With Kaleido, it starts with a digital representation of your business relationships. The anchoring will happen automatically at regular checkpoints, so that enterprises get better proof of confirmation over all the transactions.

Verizon first started working with AWS in 2015 and it now has several business and consumer applications running in the AWS cloud. AWS said that these connections will help enterprises to reduce the costs of real-world projects.

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 will accelerate what their customers are going to do with it".

ConsenSys said that Kaleido streamlines the process of setting up secure, permissioned blockchain networks without sacrificing the ability to customise the environment. Customers also need help with hardening and scaling for enterprise-grade production. This all-in-one Blockchain Business Cloud changes the economic equation of an enterprise blockchain project.

In the Kaleido tenancy model, all networks are isolated, and ingress to nodes within a network is unique and isolated per member.

"This is a heavy duty, full stack way of getting the company into blockchain solutions", said Joseph Lubin, founder of Ethereum.



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