Amazon, US ConsenSys Launch Simpified Blockchain Service

The platform will make blockchain more accessible for companies.

by Kalina Tekelieva
16 May • 3 min
In News

New York-headquartered blockchain startup ConsenSys and tech giant Amazon’s cloud computing branch AWS have launched a service enabling firms to adopt blockchain faster and more easily, ConsenSys said in a statement yesterday.

The project, called Kaleido, is a software-as-a-service (SaaS) enterprise platform developed by ConsenSys and run on the Amazon Web Services (AWS) cloud. Built as an all-in-one solution, Kaleido aims to assist organizations in the process of creation and operation of private blockchain networks.

As global head Joshua Hofmann explained, Kaleido will allow users to connect their blockchain solutions with the services within the AWS’ portfolio.

The Kaleido platform is available on AWS’ marketplace since yesterday.

What are the obstacles?

While companies are showing increasing interest in the introduction of blockchain solutions in their businesses, only 1% of chief information officers (CIOs) have adopted the technology within their enterprises, ConsenSys cited a 2018 survey by US research firm Gartner.

The reasons for that include the expensive and difficult process of building a shared IT infrastructure across all parties when a live blockchain network is set up. Often the result is that “[m]any early adopters have spent millions of dollars and months or even years writing thousands of lines of custom code, only to stall or pull the plug on projects entirely.”

What solution does Kaleido offer?

Against this background, the new Kaleido service will assist its customers in avoiding do-it-yourself scripts and templates. Operating costs are reduced as a result, since development and deployment cycles are made faster.

“What Salesforce did for CRMs, Kaleido will do for blockchain,” founder Steve Cerveny claimed.

Whereas public and private blockchains have so far evolved separately from each other, Kaleido offers the Geth and Quorum protocol packages of public blockchain Ethereum to organizations that run private chains on it. According to Cerveny, the integration of public and private blockchains reduces the risk of “after-the-fact collision going unnoticed”.

Amazon and blockchain

AWS’ new venture with ConsenSys is another step in Amazon drive towards the blockchain space. The US patent office awarded Amazon a patent for a crypto data marketplace in April. The platform will allow individuals and organizations to sell data streams from different sources to subscribers.