Amazon moves into blockchain and teams up with Consensys’ Kaleido startup

Amazon Web Services (AWS), the cloud computing arm of the technology giant, is teaming up with ConsenSys’ blockchain startup Kaleido to offer its customers simplified blockchain cloud platforms, CNBC reports today, May 15.

A new start-up called Kaleido, which emerged from the leading blockchain incubator Consensys, will join forces with the cloud computing giant. AWS aims to give its customers an” easy button” to get started with the same technology that bitcoin is based on.

“We have been following ethereum closely as it’s what many of our customers have been exploring, especially for enterprise use cases,” Matt Yanchyshyn, the global technical lead for AWS’ partner program, told CoinDesk.

He emphasized, however, that AWS is “protocol-agnostic” and that the company also supports the Hyperledger’s Sawtooth and R3 Corda platforms.

The key objectives of Kaleido are to lower the technical and financial barriers of entry that have prevented companies from using or experimenting with blockchain technology in their business operations.

The aim of this partnership with ConsenSys is to bring blockchain technologies to the same customers, easier and faster than the conventional ICO method.

ConsenSys is an Ethereum-based project and infrastructure that promotes the cause of a decentralized world in the block chain.

Ethereum blockchain platform founder, which Kaleido and AWS will use, said this is the biggest step the technology giant has taken so far to join the blockchain.

“This is a heavy duty, full stack way of getting the company into blockchain solutions,” said Joseph Lubin, founder of Ethereum.

 

Blockchain can support Amazon in other areas of the ever-growing company, for example in the supply chain. Lubin said that Consensys, which oversees more than 50 blockchain projects, has seen a surge in interest in its technology.

“Three years ago we were getting calls from companies trying to spell blockchain and trying to order one in a color because their boss told them they should get a blockchain,” Lubin said. “At this point there are tens of thousands of companies around the world that have real sophistication around this.”

This is the first time Amazon has joined other technology giants, such as Microsoft and Facebook, who are exploring blockchain use cases.

AWS is an Amazon subsidiary that provides users with a paid subscription to cloud computing platforms for individuals, businesses and governments. The company is implementing the initiative with a series of partnerships.

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