Amazon is Migrating To Blockchain With New Partnership

Verizon

This is the first foray by AWS (Amazon Web Services) into the blockchain ecosystem and is the first blockchain SaaS solution available on the AWS Marketplace and they say it will will help users rapidly advance their blockchain projects.

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

"Introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves".

Amazon Web Services has announced a new collaboration with Ethereum development studio ConsenSys which will result in the launch of Kaleido, a blockchain business cloud created to streamline and simplify the creation, deployment, and operation of private blockchain networks for enterprise organizations. 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.

The Kaleido solution allows enterprise organizations to create customizable, secure, permissioned blockchain networks that deliver full blockchain functionality without costly and complex development cycles. "By permanently anchoring the private chain to the public blockchain through the Kaleido Relay, a network of companies can further reduce risk of after-the-fact collusion going unnoticed". Anchoring can occur automatically at regular checkpoints to provide greater "proof of settlement finality" over all transactions, as well as on demand for specific events such as a high value trade.

Big companies like Microsoft are seeing opportunities in blockchain technology lately. "We are excited to work with Telefónica to enable the digital transformation of enterprise customers and help them leverage the scalability and breadth of services that AWS offers".

"AWS's innovative technologies have been very beneficial as we have grown our public cloud footprint over the years, and that is why we've chosen to expand our strategic relationship", Atte Lahtiranta, Oath's CTO, said in a statement at the time.

Kaleido is the first enterprise blockchain platform to utilize Ethereum, the most proven smart contract platform in the market today.

Blockchain projects by ConsenSys seem to be gaining traction in India as well. It lets customers connect other AWS services such as Amazon EMR for analytics, Amazon Athena for rich query, Amazon CloudWatch for logs and monitoring, Amazon Virtual Private Cloud (Amazon VPC) for private networking, storage with Amazon Simple Storage Service (Amazon S3), and more.

Responding to the decision taken by Amazon, Joseph Lubin, the founder of Ethereum blockchain, called this approach a "heavy-duty" move for getting into the world of the blockchain. Verizon is migrating over 1,000 business-critical applications and database backend systems to AWS, several of which also include the migration of proprietary production databases to Amazon Aurora, AWS's relational database engine.

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