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Patrons of the technology tout it as faster and more safe and secure than traditional methods.
Amazon Internet Services Pvt Ltd (AISPL), an Amazon company, on Tuesday announced five Indian partners as winners who helped customers drive innovation and build solutions on Amazon Web Services (AWS) Cloud. For example, a live blockchain network requires a shared IT infrastructure across all involved parties, which has proven to be hard and costly. These private networks offer all the benefits of the underlying blockchain technology, while maintaining the necessary levels of security and performance.
Cryptocurrency media Coindesk notes that in managing participation in a private blockchain, enterprises usually come across various challenges, including member onboarding, consensus and communication mechanism, as well as governance of the platform. 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". The anchoring will happen automatically at regular checkpoints, so that enterprises get better proof of confirmation over all the transactions.
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Cerveny adds, "Public and private blockchains have been evolving largely independently for the last couple years. It is the first Blockchain SaaS solution available on the AWS Marketplace and will help them rapidly advance their blockchain projects".
"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. It is the first blockchain software as a service (SaaS) featuring Enterprise Ethereum, and offers a variety of protocol options.
"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. 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.
"This is a heavy duty, full stack way of getting the company into blockchain solutions", said Joseph Lubin, founder of Ethereum, whose network, the two platforms will be depending upon.
To that end, Kaleido's partnership with AWS comprises a larger and more general adoption milestone for the Ethereum community - AWS customers can now delve into Ethereum with more ease and nuance than ever.