By
Mayowa Adebajo
March 12th, 2024
The new all-in-one blockchain platform Kaleido features Enterprise Ethereum for faster and simplified adoption of the technology by enterprises.
Blockchain technology has the incredible potential of developing new business models or improving the existing ones. This global trend has caught the attention of enterprises all over the world. The multiple benefits of blockchain are in great demand – but the technology has set a high barrier to enter. The lack of readily available solutions is a notable factor that slows down the blockchain expansion. The partnership between ConsenSys and Amazon Web Services (AWS) may change the situation with Kaleido – a blockchain-based cloud simplifying the use of blockchain for corporations.
ConsenSys is a well-known player in the blockchain market. The company has already partnered with such giants as Microsoft and Procter & Gamble. The new accomplishment of ConsenSys is becoming AWS Partner Network (APN) Advanced Technology Partner.
Amazon has already made some significant progress in eliminating the difficulties associated with the creation of blockchain networks. An illustrative example is AWS Blockchain Templates that were launched in April, as previously reported by CoinSpeaker. The new partnership seems to be promising as ConsenSys has combined a number of unique features in the Kaleido platform. The partnership is also beneficial for ConsenSys: it gets not only the advantages of being promoted via trusted ASW Marketplace, the new platform also can be connected to other ASW services such as Amazon EMR or Amazon Virtual Private Cloud.
Kaleido is basically an all-in-one blockchain platform which makes the process of standing up blockchain networks simple while providing lots of opportunities to customize the environment. The platform has also developed effective and secure solutions for adding private chain to the public blockchain through the Kaleido Relay.
“Customers are running into a common set of problems and pitfalls as they invest significant time and money in their blockchain projects,” explained Enterprise Lead at ConsenSys and Founder of Kaleido Steve Cerveny. “So, we assembled a team to build a platform that pulls together—in a simple, cohesive, and unified way – the right experiences and tools. We knew we needed to design a platform from the business problems down, since that is where the enduring problems are that companies face in the blockchain space.”
Kaleido has a lot of unique features to offer. It is the first Software as a Service (SaaS) featuring Enterprise Ethereum. The choice of Ethereum is not accidental. ConsenSys has established it as its priority long ago and has remarkable expertise in the sphere. Back in 2016 Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, said in his interview to the New York Times: “Bitcoin presented the broad strokes vision, and Ethereum presented the crystallization of how to deliver that vision.”
The supported Ethereum packages are Geth and Quorum, the platform also supports a number of consensus mechanisms (RAFT, POA, and IBFT). The list of Kaleido’s capabilities also includes integrated analytics.
The blockchain technology is just waiting to be massively used by corporations. The Kaleido platform is a perfect example of solutions that can accelerate the adoption of blockchain: it combines solid technological background with the enterprise-oriented nature.