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 designed to streamline and simplify the creation, deployment, and operation of private blockchain networks for enterprise organizations.
The new blockchain service was announced at the recent Consensus 2018 Conference in New York and will see the two organizations work together to assist companies in capturing the potential of blockchain technology. Amazon recently announced the launch of instant blockchain templates for both Ethereum and Hyperledger, but the Kaleido solution is the first Software-as-a-Service that delivered via AWS that will feature popular Ethereum packages Geth and Quorum.
Harness the power of #ethereum @ConsenSys is assembling the tools needed to build and scale a world where distributed applications and
the Ethereum world computer enable frictionless business with inclusion for all. pic.twitter.com/jVEZxAslsJ
— ConsenSys (@ConsenSys) May 15, 2018
Kaliedo Promises One-Click Blockchain Development
The new blockchain development solution has been created by Amazon and ConsenSys in order to remove some of the barriers to entry that face enterprise organizations seeking to create and implement distributed ledger based solutions — according to Gartner’s 2018 CIO Survey, only 1% of all respondents indicated any kind of blockchain adoption within their organizations. This low rate of adoption is associated with the cost and complexity of blockchain technology development and interoperability.
Kaleido Founder Steve Cerveny commented on the benefits offered by the new Kaliedo platform in a recent press release:
“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. We designed the Kaleido platform from scratch with new user experiences and tools to radically simplify the entire enterprise journey.”
According to Cerveny, Kaleido allows enterprise organizations to quickly and easily create highly interoperable blockchain solutions with a process that offers more features 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 full solution way beyond do-it-yourself scripts or templates, Kaleido significantly speeds up development and deployment cycles and dramatically lowers operating costs. What Salesforce did for CRMs, Kaleido will do for blockchain.”
What Can Kaliedo Do?
The Kaleido solution allows enterprise organizations to create customizable, secure, permissioned blockchain networks that deliver full blockchain functionality without costly and complex development cycles. Networks created via Kaliedo can be “anchored” to the public Ethereum blockchain in order to reduce the risk of after-the-fact collusion and deliver greater “proof of settlement finality.”
Ownership and control of the networks created via Kaleido can be customized, allowing member organizations to distribute control according to predetermined governing policies that are automatically enforced.
Ceverny highlights the importance of creating blockchain-based solutions that deliver tangible benefit to the enterprise space:
“Public and private blockchains have been evolving largely independently for the last couple years. We knew that a next generation platform must focus on convergence between the two. Kaleido is bringing them together in a valuable and meaningful way for enterprises. And true to our mission, we are pushing the boundaries in this area and making it really easy for companies to tap into.”
While Amazon has not yet made any movements that hint toward an Amazon-only blockchain solution, the massive presence of the company within sectors that are currently being heavily disrupted by the blockchain — such as supply chain — make it highly likely that the tech juggernaut will adopt blockchain technology wholesale in the future.
Cover Photo by 贝莉儿 NG on Unsplash
Did you like this article? Join us.
Get blockchain news and crypto insights.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before making any investment decisions. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.