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17 May 2018, 01:20 | Kelvin Horton
Verizon is deepening its cloud relationship with Amazon Web Services
According to Ethereum's founder, Joseph Lubin, Amazon has been actively searching for partners to help get blockchain into their customer's hands, with the hopes that the decision will even further accelerate what customers are going to do with it.
Enterprises have business needs driven by security, compliance, ownership, privacy, and scalability requirements, which can bring additional complexity to their blockchain projects.
The aim of Kaleido is to make it easier for enterprises to implement the blockchain technology by conquering the complexities of blockchain.
ConsenSys is an AWS Partner Network (APN) Advanced Technology Partner that is enabling consortiums-that is, associations of two or more companies-to launch and operate enterprise blockchain networks on Amazon Web Services (AWS) without spending months and millions of dollars writing custom code. 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.
Kaleido is the first platform that allows you to anchor your chain to the mainnet and indelibly store your state on the public blockchain. These networks offer all of the benefits of the underlying blockchain technology, while still maintaining the necessary levels of robustness, security, and performance. For example, a live blockchain network requires a shared IT infrastructure across all involved parties, which has proven to be hard and costly.
The move will let companies uninitiated in the cryptoverse quickly embrace the space's keystone tech, blockchain, with as little friction as possible.
Kaleido streamlines the process of standing up secure, permissioned blockchain networks without sacrificing the ability to customize the environment. "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", Cerveny explained.
"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. "This will be the first Blockchain powered solution on the AWS market and is created to help customers rapidly advance projects on Blockchain".
Ethereum co-founder Joseph Lubin, who's also the founder of ConsenSys, introduced Kaleido during Blockchain Week in NY on May 15, 2018.
"The Enterprise Ethereum Alliance is a large and vibrant community", said Ron Resnick, Executive Director, Enterprise Ethereum Alliance. 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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