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etvfutures.com May 27, 2018


Verizon hops aboard the Amazon Web Services cloud train

17 May 2018, 01:16 | Cesar Cruz

Verizon is deepening its cloud relationship with Amazon Web Services

Verizon is deepening its cloud relationship with Amazon Web Services

It is "the first Blockchain SaaS solution available on the AWS Marketplace and will help [enterprises] rapidly advance their blockchain projects", AWS said in a statement.

Patrons of the technology tout it as faster and more safe and secure than traditional methods.

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. 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. For example, now you can create an irrefutable audit trail that enables detection of after-the-fact collusion within your private chain. "These private networks offer all the benefits of the underlying blockchain technology, while maintaining the necessary levels of security and performance", wrote Ale Flores, Senior Product Manager at AWS, in a blog post.

Kaleido uniquely integrates the greater security and diversification of the public blockchain, or Ethereum mainnet, to enterprises running private chains on the platform. "We believe Kaleido will become a de-facto standard and a global blockchain platform for business". But Kaleido is a blockchain business cloud, and enterprise is in its DNA.

However, the fundamental aspects of blockchain that make it unique-such as its peer-to-peer distributed network architecture and heavy use of cryptography-constitute a steep learning curve for organizations that want to use the technology to change how they conduct business processes.

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Cerveny adds, "Public and private blockchains have been evolving largely independently for the last couple years".

"We are thrilled to see innovative new services being built by ConsenSys within this emerging space", said Joshua Hofmann, GM, and Global Lead, Software Partnerships, Amazon Web Services, Inc. "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". "Kaleido is the first software-as-a-service firm to feature popular Ethereum packages Geth and Quorum".

"Companies are eager to capture the potential of blockchain but to date have struggled to move experimental projects forward into live production networks", ConsenSys explained in their announcement release.

"The Enterprise Ethereum Alliance is a large and vibrant community", said Ron Resnick, Executive Director, Enterprise Ethereum Alliance.

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.



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