Amazon's new partnership with Kaleido signals move into blockchain

Amazon's cloud computing division, Amazon Web Services, is teaming up with a recently  launched startup to give AWS customers easy access to blockchain technology.

Technology incubator ConsenSys unveiled Kaleido May 15 as a blockchain business cloud to simplify and speed up enterprisewide applications of blockchain technology.

Kaleido is the first blockchain-based software-as-a-service solution available on the AWS Marketplace. It uses the ethereum platform to link private networks to public ones and enhance data security and performance.

"Public and private blockchains have been evolving largely independently for the last couple years. We knew that a next generation platform must focus on convergence between the two," Kaleido Founder Steve Cerveny said in a press release. "Kaleido is bringing them together in a valuable and meaningful way for enterprises. And true to our mission, we are pushing the boundaries in this area and making it really easy for companies to tap into."

Blockchain, which rose to prominence as the backbone technology of cryptocurrencies like bitcoin, is a decentralized, peer-to-peer network that enables developers to build applications in which multiple parties can record transactions on a shared ledger. A number of tech giants are exploring a diverse array of blockchain applications, from storing health data to monitoring food contamination.

In late April, Amazon released two open-source blockchain frameworks for Ethereum and Hyperledger Fabric to make it easier for developers to create blockchain projects.

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