Amazon And ConsenSys’ Startup To Offer Simplified Blockchain Platforms

Amazon’s cloud computing arm is teaming up with ConsenSys’ blockchain startup Kaleido to develop simplified blockchain cloud platforms for its clients.

Amazon Web Services (AWS), the tech giant’s cloud computing arm, is partnering with ConsenSys’ blockchain startup Kaleido to offer simplified blockchain cloud platforms for its clients, CNBC reports today, May 15.

Kaleido is a blockchain business cloud that helps enterprises build and manage blockchain platforms without having to start from scratch, and is based on the Ethereum blockchain. It is one of the emerging ventures supported by Joseph Lubin’s blockchain incubator ConsenSys, who introduced the project today in New York:

Lubin told CNBC that Amazon’s move “is a heavy duty, full stack way of getting the company into blockchain solutions.”

Kaleido is already listed on AWS marketplace, where it explains that the blockchain solution is designed to accelerate the “entire journey from experimentation and PoCs [proofs-of-concept] to pilots and production.” Clients can choose “between Ethereum protocol packages Geth and Quorum” as well as “consensus algorithms such as RAFT, IBFT, and POA.”

As Steve Cerveny, one of the founders of Kaleido, told CNBC, companies can therefore “focus on their scenario, [without having] to become PhDs in cryptography.”

Before its latest partnership with Kaleido, in April AWS released a blockchain framework for Ethereum (ETH) and Hyperledger Fabric, allowing its users to build and manage their own blockchain-powered decentralized applications (DApps). Last year, a petition directed at Amazon founder Jeff Bezos demanded that cryptocurrencies be accepted as a mode of payment on the e-commerce platform, but the company has to date not made this option available.

Ethereum is currently trading at $737.75 at press time, down 0.33 percent over a 24-hour period.

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Amazon And ConsenSys’ Startup To Offer Simplified Blockchain Platforms

Amazon’s cloud computing arm is teaming up with ConsenSys’ blockchain startup Kaleido to develop simplified blockchain cloud platforms for its clients.

Amazon Web Services (AWS), the tech giant’s cloud computing arm, is partnering with ConsenSys’ blockchain startup Kaleido to offer simplified blockchain cloud platforms for its clients, CNBC reports today, May 15.

Kaleido is a blockchain business cloud that helps enterprises build and manage blockchain platforms without having to start from scratch, and is based on the Ethereum blockchain. It is one of the emerging ventures supported by Joseph Lubin’s blockchain incubator ConsenSys, who introduced the project today in New York:

Lubin told CNBC that Amazon’s move “is a heavy duty, full stack way of getting the company into blockchain solutions.”

Kaleido is already listed on AWS marketplace, where it explains that the blockchain solution is designed to accelerate the “entire journey from experimentation and PoCs [proofs-of-concept] to pilots and production.” Clients can choose “between Ethereum protocol packages Geth and Quorum” as well as “consensus algorithms such as RAFT, IBFT, and POA.”

As Steve Cerveny, one of the founders of Kaleido, told CNBC, companies can therefore “focus on their scenario, [without having] to become PhDs in cryptography.”

Before its latest partnership with Kaleido, in April AWS released a blockchain framework for Ethereum (ETH) and Hyperledger Fabric, allowing its users to build and manage their own blockchain-powered decentralized applications (DApps). Last year, a petition directed at Amazon founder Jeff Bezos demanded that cryptocurrencies be accepted as a mode of payment on the e-commerce platform, but the company has to date not made this option available.

Ethereum is currently trading at $737.75 at press time, down 0.33 percent over a 24-hour period.

Continue Reading

Amazon And ConsenSys’ Startup To Offer Simplified Blockchain Platforms

Amazon’s cloud computing arm is teaming up with ConsenSys’ blockchain startup Kaleido to develop simplified blockchain cloud platforms for its clients.

Amazon Web Services (AWS), the tech giant’s cloud computing arm, is partnering with ConsenSys’ blockchain startup Kaleido to offer simplified blockchain cloud platforms for its clients, CNBC reports today, May 15.

Kaleido is a blockchain business cloud that helps enterprises build and manage blockchain platforms without having to start from scratch, and is based on the Ethereum blockchain. It is one of the emerging ventures supported by Joseph Lubin’s blockchain incubator ConsenSys, who introduced the project today in New York:

Lubin told CNBC that Amazon’s move “is a heavy duty, full stack way of getting the company into blockchain solutions.”

Kaleido is already listed on AWS marketplace, where it explains that the blockchain solution is designed to accelerate the “entire journey from experimentation and PoCs [proofs-of-concept] to pilots and production.” Clients can choose “between Ethereum protocol packages Geth and Quorum” as well as “consensus algorithms such as RAFT, IBFT, and POA.”

As Steve Cerveny, one of the founders of Kaleido, told CNBC, companies can therefore “focus on their scenario, [without having] to become PhDs in cryptography.”

Before its latest partnership with Kaleido, in April AWS released a blockchain framework for Ethereum (ETH) and Hyperledger Fabric, allowing its users to build and manage their own blockchain-powered decentralized applications (DApps). Last year, a petition directed at Amazon founder Jeff Bezos demanded that cryptocurrencies be accepted as a mode of payment on the e-commerce platform, but the company has to date not made this option available.

Ethereum is currently trading at $737.75 at press time, down 0.33 percent over a 24-hour period.

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Two Ex-JPMorgan Blockchain Leaders Reveal New Decentralized App Store Startup

Two former JPMorgan blockchain executives have announced their own blockchain-based startup, currently in the process of fundraising.

The Two former leads of JPMorgan’s blockchain program unveiled a new startup, a decentralized app (DApp) store, Fortune reported yesterday, May 14.  

Amber Baldet and Patrick Mylund Nielsen, both of whom held lead positions at JP Morgan’s blockchain platform Quorum, have announced the release of a new startup, Clovyr, where users can browse decentralized apps, developer programs, and distributed ledgers. Clovyr will be compatible with Quorum as well as Ethereum software clients Parity and Geth, with plans to add more in the future.

Baldet left JPMorgan in the beginning of April, with as-of-then unannounced plans to start her own company. She tells Fortune that the state of blockchain currently can be compared to the beginning of the use of public clouds – at first businesses built their own, only later changing to public clouds as security improved: “the conversation on the enterprise side right now feels a little bit like that.”

Clovyr is currently in the fundraising stage, but will not be holding an Initial Coin Offering (ICO) – Sorry, there’s no ICO,” says Baldet, but adding that Clovyr will help companies convert fiat into crypto if needed.

A multitude of Wall Street executives have recently been leaving their traditional financial jobs for the blockchain and crypto sphere. One former Goldman Sachs exec joined crypto wallet Blockchain.com in mid-April, while another reportedly left to join Mike Novogratz’s digital merchant crypto bank as COO.

Yesterday, May 14, Cointelegraph reported that the CFO of Australia’s Commonwealth Bank left the bank to become COO of blockchain software firm Block.one.

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World’s Fifth Largest Bank To Trial Own Cryptocurrency In 2019, Report Says

Mitsubishi UFJ Financial Group is planning a 100,000-user trial of its new cryptocurrency, local sources report.

The banking unit of Japan’s Mitsubishi UFJ Financial Group (MUFG) plans to trial its own cryptocurrency as early as 2019, Cointelegraph Japan reports today, May 15.

Cointelegraph Japan quotes local news media outlet NHK saying that a test phase of the cryptocurrency, known as MUFG Coin, could involve around 100,000 account holders.

Currently the fifth largest bank in the world by assets, MUFG originally signalled its intention to launch a token in January this year, in so doing becoming the first Japanese bank to issue one. Plans for the move stretch back further to 2016, Cointelegraph reported at the time.

MUFG Coin is designed to offer currency functionality first and foremost, with test customers to download an app that will automatically convert their deposits. According to NHK’s report, one MUFG will be equal in value to one yen.

According to NHK, users “will be able to use the currency to make payments at places like restaurants, convenience stores and other shops,” as well as “transfer the currency to the accounts of other participants.”

The bank joins a steadily increasing swathe of major Japanese entities preparing inroads into the cryptocurrency industry. The exchange sector has dominated the headlines in 2018, with names such as DMM and Yahoo! at various stages of involvement.

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