Amazon Taking “Baby” Steps into Blockchain Technology

26th May 2018 Off By binary
Amazon Taking “Baby” Steps into Blockchain Technology
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Amazon, America’s tech giant and largest internet retailer in the world, is set to partner with Kaleido, a start-up that will work to provide a one-click blockchain solution for AWS, in a joint venture aiming to allow companies to create their own blockchains and cryptocurrencies without investing too much time redeveloping the technology behind them, saving money and time they can thus spend on other aspects of their own business.

This means that AWS is going to offer “BaaS” (blockchain as a service) for the first time ever on their platform, which will provide more accessible means for customers to use the blockchain services without worrying about managing the blockchain technology underlying the entire thing. The Consensus 2018 Conference held in New York gathered thousands of crypto or blockchain binary options platform investors and industry leaders who are working on issues concerning the development and the future of the blockchain technology and society at large.

At this event on May 15, Kaleido was announced as a new blockchain business cloud-born out of ConsenSys, a leading blockchain incubator. With an emphasis on Ethereum-based projects and infrastructure, Kaleido is set to partner with Amazon’s cloud computing arm (Amazon Web Services or AWS), aimed at bringing blockchain technologies to the same clients on a more natural and faster platform. Kaleido is to provide simple member on-boarding with distributed explorer and analytics; offering customers a choice among recent Ethereum protocol packages and consensus algorithms.

Matt Yandyshyn, global technical lead for Amazon Web Services’ partner program, said that the company has been following Ethereum, as that is precisely the type of platform that customers have been requesting from AWS. In spite of the overwhelming support for Ethereum, the company remains unbiased towards protocols, with openness towards other solutions such as Hyperledger, Sawtooth, and Corda.

Michael Dickson, who’s enterprise blockchain business lead at ConsenSys, is optimistic that Kaleido will execute its duties to the fullest. “It is good to start out by experimenting, also what we see here is enterprises really have an appetite to try to get their projects all the way to production”, he said during an interview. Amazon being familiar with the blockchain technology puts itself on the list of other tech giants like Microsoft and Facebook who explore use cases for blockchain.

 

Featured Image via Amazon.

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