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Amazon Moves into Blockchain Technology with Kaleido Partnership

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Amazon Moves into Blockchain Technology with Kaleido Partnership

On May 15, 2018, Amazon Web Services (AWS) announced a partnership with Kaleido, a new blockchain-based business cloud, and software-as-a-service (SaaS). The goal of the AWS and Kaleido partnership is to help AWS customers quickly build a custom enterprise blockchain.

Low Adoption Rates Despite Fervor

While enterprises are thinking of adopting blockchain technology, many realize the difficulties and hurdles such as cost and time spent to develop a live blockchain network. As reported by a Gartner 2018 CIO Survey, 3,138 respondents mentioned that “only [one] percent indicated any kind of blockchain adoption within their organizations.”

With Kaleido, companies “can focus on their scenario. [They] don’t have to become Ph.D.s in cryptography, we give them a simple platform to build their company on blockchain [technology],” said Steve Cerveny, co-founder of Kaleido.

Kaleido is a new startup that emerged from the ConsenSys incubator. According to the press release, Kaleido is the first SaaS that features popular Ethereum packages Geth and Quorum, integrated analytics, support for multiple protocol options and consensus mechanisms, and links between the private network and the public Ethereum mainnet.

Kaleido and Amazon to Simplify Enterprise Blockchain Adoption

According to the CNBC, “introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves,” said Amazon Web Services in a statement.

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“It is the first Blockchain SaaS solution available on the AWS Marketplace and will help them rapidly advance their blockchain projects.”

Kaleido helps companies create a secure, permissioned blockchain network without sacrificing the ability to customize their blockchain. The platform also easily onboards new team members and distributes ownership and control of the system according to the governing policies that are automatically enforced. Cerveny believes that Kaleido is an all-in-one Blockchain business cloud that offers a full solution for enterprises and concludes the following:

“What Salesforce did for CRMs, Kaleido will do for the blockchain.”

Kaleido is the first Blockchain Saas in the AWS marketplace. It is currently accessible across many AWS regions globally. It’s also one of the first enterprise blockchain platforms to use Ethereum.

“We are thrilled to see innovative new services being built by ConsenSys within this emerging space,” said Joshua Hofman, GM and Global Lead, software partnerships of Amazon Web Services.

“Kaleido is making blockchain more accessible and easier to use for our customers and even faster to securely connect their blockchain solutions to the rest of AWS’s fleet of services.”

Tech Giants Are Moving into the Blockchain Sector

Joseph Lubin, the co-founder of Ethereum, mentioned that the Kaleido and AWS partnership “is a heavy duty, full stack way of getting the company into blockchain solutions.” He believes that blockchain technology can also improve Amazon’s existing business operations like their logistics and supply chain network.

Amazon’s dive into the blockchain sector, mirrors Microsoft, Facebook, and IBM’s decision to explore the emerging technology. Just recently, Facebook underwent one of the largest executive reorganizations in history that included a new blockchain department. David Marcus, the former head of Facebook’s Messenger and board member of Coinbase, is one of the new members of Facebook’s blockchain team.

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