While Amazon has not yet made any movements that hint toward an Amazon-only blockchain solution, the massive presence of the company within sectors that are now being heavily disrupted by the blockchain - such as supply chain - make it highly likely that the tech juggernaut will adopt blockchain technology wholesale in the future. Naturally, this makes the technology not only faster and more efficient, but also transparent and secure.
"They've been looking for partners to help get blockchain into their customers' hands", Cerveny said. These barriers include a labyrinth of consensus mechanisms, plus a bevy of governance models and coding languages to contend with, not to mention the technical jargon that's unique to the world of blockchains and cryptocurrencies.
"Introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves", Amazon Web Services said in a statement. He says Consensys which handles over 50 Blockchain projects saw a significant expansion with growing interest in the technology.
Despite AWS's previous involvement within the blockchain technology space, their partnership with Consensys is a big deal.
The Kaleido platform is created to offer companies the immutable security of a public blockchain without compromising the flexibility of private networks in what the companies call a "private-public" approach to blockchain operations. 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.
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. Anchoring can occur automatically at regular checkpoints to provide greater proof of confirmation over all transactions, as well as on demand for specific events such as a high-value trade.
Kaleido is a blockchain business cloud, and enterprise is in its DNA. "They're putting it in the marketplace will accelerate what their customers are going to do with it".
This state relay system allows users to configure a time interval and, based on the time interval, Kaleido will aggregate together hashes and write those up to the mainnet on the public blockchain. We knew that a next generation platform must focus on convergence between the two.