"Many of today's discussions around blockchain technology remind me of the classic Shimmer Floor Wax skit".
Kaleido is a start-up from ConsenSys that is meant to be "a new Blockchain Business Cloud aimed at speeding and simplifying enterprises' journey to using the technology", which will allow groups of businesses "to launch and operate enterprise blockchain networks on Amazon Web Services (AWS) without spending months and millions of dollars writing custom code". Lubin said Consensys, which oversees more than 50 blockchain projects, has seen a major increase in interest around the technology. "We give them a simple platform to build their company on the blockchain", Steve Cerveny, one of the founders of Kaleido, told CNBC.
Despite AWS's previous involvement within the blockchain technology space, their partnership with Consensys is a big deal. The cloud computing giant is teaming up with Kaleido a new startup born out of Blockchain-powered incubator Consensys. These networks offer all of the benefits of the underlying blockchain technology, while still maintaining the necessary levels of robustness, security, and performance, it explained.
For example, users can quickly change the consensus algorithm to tailor the network to specific requirements. "What Salesforce did for CRM, Kaleido will do for blockchain".
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Figure 2 - Hardened environments come up in seconds with integrated tools, including the option to anchor to mainnet. Verizon is migrating over 1,000 business-critical applications and database backend systems to AWS, several of which also include the migration of production databases to Amazon Aurora-AWS's relational database engine that combines the speed and availability of high-end commercial databases with the simplicity and cost-effectiveness of open source databases. "Telefónica's cloud offering thus empowers our customers to run their infrastructure, applications and workloads on the most suitable cloud service possible". "At this point there are tens of thousands of companies around the world that have real sophistication around this".
"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", said Joshua Hoffman, General Manager and Global Lead of Software Partnerships at AWS.
He added: "Working with ConsenSys will allow us to further understand customer needs and help accelerate their blockchain efforts".
During this process, customers face new core technologies and need help with the unique "shared IT" aspect of blockchain, where everyone controls a piece of the network, but there isn't one entity in control of the entire network.