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Amazon is moving into blockchain with a new partnership

17 May 2018

Lubin stated Consensys, which manages more than 50 blockchain tasks, has actually seen a significant boost in interest around the tech.

Kaleido would enable its users to deal with those issues, Michael Dickson, the enterprise blockchain business development lead at ConsenSys, told CoinDesk.

Meanwhile, Kaleido is the first enterprise blockchain platform to utilize one of the most reliable smart contract platform in the blockchain industry today.

Enterprises can anchor their chain to mainnet and store the state on public blockchain. "Anchoring can occur automatically at regular checkpoints to provide greater "proof of settlement finality" over all transactions, as well as on demand for specific events such as a high value trade", Cerveny explained. For example, when a new member onboards into the group via a voting policy enforced on the private chain, a irrefutable proof of that decision can be written to the public chain including signatures and timestamps. By doing this, any chance of counterparty disputes about membership is eliminated, he said. We knew that a next generation platform must focus on convergence between the two.

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Running your network on Kaleido means the whole group operates on the same stringent levels of security and robustness so there is no weak link.

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".

Cloud computing firm Amazon Web Services (AWS) has partnered a startup incubated by Ethereum co-founder's firm, in order to make it easier for its clients to build their companies on blockchain. "It is the first Blockchain SaaS solution available on the AWS Marketplace and will help them rapidly advance their blockchain projects". The service offers the ability to switch between configurations of the underlying Ethereum protocol. Other partners in the project include Ethereum Enterprise Alliance and Quorum. It lets customers connect other AWS services such as Amazon EMR for analytics, Amazon Athena for rich query, Amazon CloudWatch for logs and monitoring, Amazon Virtual Private Cloud (Amazon VPC) for private networking, storage with Amazon Simple Storage Service (Amazon S3), and more.

The platform has already been used by Union Bank of the Philippines to reach rural communities in the country.

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Joseph Lubin, Ethereum co-founder and ConsenSys founder, said, "Since the inception of ConsenSys in 2014, we have been on a mission to accelerate the adoption of Ethereum ..."

Kaleido represents the first "dual mode" use of Ethereum, enabling private, permissioned Ethereum-based systems to link with public, permissionless Ethereum to achieve an element of trustworthiness that has previously been unobtainable.

John Hurley, Ryanair's CTO, said: "Machine learning is hugely important to our growth, and we're pursuing a variety of AWS machine learning services, including Amazon SageMaker, to enhance customer UI experience and personalise the MyRyanair portal for every unique traveller". ConsenSys is dedicated to growing the Ethereum-based blockchain ecosystem through various domains including ConsenSys Solutions, ConsenSys Capital, ConsenSys Labs, and ConsenSys Academy.

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Amazon is moving into blockchain with a new partnership