Amazon Collaborates On New Marketplace For Ethereum Enterprises

ethereum ecosystem

A startup, Kaleido, that aims to implement Blockchain technology for enterprises has a launched a new platform in partnership with Amazon Web Services. This marketplace provides protocols and tools for the components of new Blockchain projects.

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CEO Steve Cerveny, says it works “from the app all the way to the chain,”

Current clients of the company

Commodities platform, Komgo is a current client of the startup. This platform has a network of financial institutions such as Citi, Koch Supply and Trading, ING, MUFG Bank, Credit Agricole, Shell, and BNP Paribas.

This Blockchain project is one of the few overseen by ConsenSys, a Blockchain technology company. It was launched by Joe Lubin, Ethereum cofounder in 2014.

Kaleido was launched this year and it offers Blockchain specific support to businesses as a part of its Blockchain Business Cloud platform. CEO Cerveny sees this marketplace as the next evolution of the service.

He said:

“We knew that customers struggling to adopt blockchain needed more help than just the chain. We knew that they needed more advanced components [that were] easily deployed and pre-integrated,”

The offerings of this marketplace are fullstack and this means that they encompass all things from internal tools for developers to app interfaces. They are intended to ease the way businesses implement blockchain solutions.

The start-up gives enterprises an option to manage a blockchain network as well as the network’s associated protocols and infrastructure. It helps businesses to focus on operations and not worry about the complicated nuances of this technology.

Komgo CEO, Souleïma Baddi said:

“By building on an open blockchain system, Komgo can select from the best protocols in development across the ecosystem and use existing building blocks for an optimized solution,”

AWS partnership

AWS partnered with Kaleido since it was launched this year. The company worked with the blockchain team of Amazon to create AWS integration that works for Enterprise blockchain users.

Many big businesses are exploring this space as well as Amazon. Some include Maersk, IBM, HSBC, SAP, and Deloitte.

Services for users

Through this marketplace, enterprises have easy access to AWS services such as data backup and private networking. It also gives access to other common blockchain services such as HD wallets or Chainlink, Viant, and Open law for legal contracts.

In a statement, the company said that the early adopters of the platform estimated that the project eliminated up to eighty percent of the custom code that would be require to build blockchain solutions.

The partnership will allow third party technology providers to promote their products. They can also embed Kaleido on their blockchain projects and use it for consultations.

A company that organizes blockchain based promotions as well as digital collectibles for top companies, Greenfence Consumer says Kaleido made their lives easier.

The company used Kaleido to gain access to blockchain development and this frees up their tech teams to handle other important projects.


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