Amazon Partners With Ethereum Development Studio to Streamline Enterprise Blockchain Deployment

Amazon Partners With Ethereum Development Studio to Streamline Enterprise Blockchain Deployment

"We give them a simple platform to build their company on the blockchain", Steve Cerveny, one of the founders of Kaleido, told CNBC. The technology is also touted as being faster and more secure than traditional databases.

Amitabh Jacob, Head of India Channels and Alliances at Amazon Internet Services Private Limited (AISPL) said that the diverse nature of the APN Excellence Awards winners reflected the opportunity provided for partners who were focused on helping customers remove the friction of managing IT infrastructure and set the platform for innovation.

AWS, the cloud-computing subsidiary of tech and retail powerhouse Amazon, has reached an agreement with ConsenSys-backed Kaleido to provide their customers with Kaleido's streamlined blockchain SaaS platform.

Holger Mueller, principal analyst and vice president at Constellation Research Inc., said blockchain technology appeals to many enterprises because it has key capabilities that can enable a number of next-generation application use cases.

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

Plus, the platform offers a "state relay" between a private chain (like a chain setup by a group of enterprises) and a public blockchain. Verizon is migrating over 1,000 business-critical applications and database backend systems to AWS, several of which also include the migration of production databases to Amazon Aurora-AWS's relational database engine that combines the speed and availability of high-end commercial databases with the simplicity and cost-effectiveness of open source databases. The anchoring will happen automatically at regular checkpoints, so that enterprises get better proof of confirmation over all the transactions. They're putting it in the marketplace, (that) will accelerate what their customers are going to do with it. AWS said that these connections will help enterprises to reduce the costs of real-world projects.

Enterprises have business needs driven by security, compliance, ownership, privacy, and scalability requirements, which can bring additional complexity to their blockchain projects. This will help enterprises connect their private blockchains to the Ethereum mainnet - something firms are increasingly demanding yet struggling to accomplish.

The Kaleido blockchain cloud was piloted in a bank in the Philippines. "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".

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