This is the first foray by AWS (Amazon Web Services) into the blockchain ecosystem and is the first blockchain SaaS solution available on the AWS Marketplace and they say it will will help users rapidly advance their blockchain projects. "[Kaleido's] a new Blockchain Business Cloud aimed at speeding and simplifying enterprises' journey to using the technology". The technology is touted as faster and more secure by advocates.
Amazon Web Services has announced a new collaboration with Ethereum development studio ConsenSys which will result in the launch of Kaleido, a blockchain business cloud created to streamline and simplify the creation, deployment, and operation of private blockchain networks for enterprise organizations. "These private networks offer all the benefits of the underlying blockchain technology, while maintaining the necessary levels of security and performance", wrote Ale Flores, Senior Product Manager at AWS, in a blog post. Last week Facebook announced that it is initiating a reorganization that is going to include a new Blockchain to address privacy concerns relating to the platform.
Enterprises can anchor their chain to mainnet and store the state on public blockchain.
The Kaleido blockchain cloud was piloted in a bank in the Philippines. Although the company has a commanding lead in the public cloud market, rivals Microsoft Azure, Google Cloud Platform, and others have been doubling down on their efforts to increase market share during a period when late-to-the-cloud enterprises are beginning to move away from traditional stand-alone data center models to adopt hybrid cloud approaches. Many flavors of blockchain have evolved over the years as public and private blockchains have emerged.
Amazon Web Services continued its pretty rapid rise, raking in revenue of $5.4 billion in Q1 of 2018, and they obviously believe pioneering blockchain services in this way will help it grow further.
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Matt Yanchyshyn, the global technical lead for AWS' partner program, told CoinDesk: "We have been following ethereum closely as it's what many of our customers have been exploring, especially for enterprise use cases".
"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. He said it can also help connecting enterprises' private blockchains to the ethereum network.
"It also represents the first "dual mode" use of Ethereum, enabling private, permissioned Ethereum-based systems to link with public, permissionless Ethereum, in order to achieve an element of trustworthiness that has previously been unobtainable", Ethereum co-founder Joseph Lubin noted of the deal.