Bitcoin | BTC 7971.30 $ -4.44%
Ethereum | ETH 645.50 $ -7.08%
Ripple | XRP 0.64 $ -4.85%
Litecoin | LTC 127.97 $ -4.80%

Amazon Eyes Ethereum (ETH), Partners With ConsenSys To Simplify Blockchain Access

2,548

The Consensus Summit is ongoing and continually bringing news of blockchain developments by the minute. Current news indicate that the cloud computing arm of famous online retailer, Amazon, is partnering with Ethereum Design Studio Consensys,in a bid to assist in the deployment of blockchains for business entrerprises and make them faster and easier to create and deploy.

The Cloud computing arm of Amazon.com is known as Amazon Web Services (AWS) and provides on-demand cloud computing platforms to individuals, companies and governments on a paid subscription basis. Subscribers are then able to access the real computer hardware available through the service. This includes CPUs, GPUs, RAM, Hard Disc storage amongst other hardware services. There is also the option of operating systems, networking and pre-loaded software such as web servers, databases and CRM.

This partnership with ConsenSys aims at bringing blockchain technologies to the same clients, at an easier and faster pace than the usual ICO option.

ConsenSys is an Ethereum based project and infrastructure that furthers the cause of a decentralized world on the blockchain.

Amazon has been eyeing Ethereum for quite sometime now and Matt Yanchyshyn, the global technical lead for AWS’s partner program, told Coindesk the following:

We have been following ethereum closely as it’s what many of our customers have been exploring, especially for enterprise use cases.

With AWS being protocol agnostic, it can support other platforms such as Hyperledger’s Sawtooth and R3’s Corda Platforms. AWS had also released a new service back in April, that launches out-of-the-box blockchain networks for the Ethereum and Hyperledger Fabric protocols.

With the ConsenSys partnership, the two entities will focus on a new start-up that was launched today called Kaleido which is an incubator product of ConsenSys. This will accelerate the adoption of blockchain technology by businesses to a level where the business owners do not need PhDs in cryptography or learn complex coding skills to run the technology running their businesses. Customers will not need to worry about managing the blockchains themselves. It will be part of the service provided by AWS and ConsenSys.

Amazon.com joins a growing list of high profile firms showing their interest in blockchain technology. Just today, DNV GL bought a stake at popular blockchain project, VeChain (VEN). The goal of the partnership is to develop new digital assurance solutions on the blockchain.

Get real time updates directly on you device, subscribe now.

Comments