Amazon Teams Up With Ethereum Marketplace

Amazon Teams Up With Ethereum Marketplace
Kaleido is a startup which aims to assist enterprises to implement blockchain technology and has launched a new platform in collaboration with Amazon Web Services (AWS). The startup’s marketplace will provide protocols and tools for all the components of new blockchain projects according to the founder and CEO, Steve Cerveny who said: “from the app all way to the chain.”The network of financial institutions on the commodities platform of Komgo, includes ING, Koch Supply & Trading, Citi, MUFG Bank, Societe Generale, BNP Paribas and Shell being the current client. Kaleido is just one of over 50 blockchain projects looked over by the blockchain technology company and incubator, ConsenSys which was launched by the co-founder of Ethereum Joe Lubin four years ago in 2014. The startup launched in May of this year and offered specific support to blockchain to enterprises its Blockchain Business Cloud platform. Cerveny sees the startup as the next evolution of this service.
“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 marketplace is full of stack offerings which are intended to make it easier for businesses to integrate blockchain solutions quickly by helping manage not only the blockchain itself but the surrounding protocols and structure. With this, businesses can focus more on their operations and less on the complicated differences of the underlying technology in blockchain networks. In a statement, Komgos CEO Souleima 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.”
One partner of Kaleido is AWS which has been with them since the launch of the platform earlier in the year. The startup worked with Amazon’s blockchain team to develop integrate AWS in the system so that it would work for enterprise blockchain customers. Amazon is one of the biggest businesses looking into the industry but it isn’t alone. IBM, HSBC, Maersk, Deloitte and SAP have all been involved in enterprise blockchain projects. Through the Kaleido marketplace, businesses have access to AWS services like private networking and data backup, other common blockchain services like HD wallets and industrial products like Chainlink, Viant and OpenLaw.What are your thoughts? Let us know what you think down below in the comments!
Investment Disclaimer
Related Topics: