Many companies are eager to embrace blockchain technology, but up till date, new startups have struggled to turn experimental projects into live production networks due to the complex procedures involved in getting it done.
In a bid to eliminate this problem, ConsenSys-backed Kaleido, the project that aims to assist enterprises to implement blockchain technology, has partnered with Amazon Web Services (AWS) to launch a plug-and-play marketplace for blockchain startups, according to a press release on November 8.
“We knew that customers struggling to adopt blockchain needed more help than just the chain. We knew that they needed more advanced components [that were] easily deployed and pre-integrated,” founder and CEO of ConsenSys, Steve Cerveny said.
Kaleido Tool is Blockchain For Business 101
Both firms have decided to come together to help blockchain startups eliminate the problems associated with the proof-of-concept stage in blockchain networks by developing new tech.
The new tech termed the Kaleido marketplace, will ensure that clients can adopt and use the existing features of Kaleido enterprise and AWS, through a plug-and-play method from anywhere in the world.
This partnership will make it possible for Marketplace clients to have unlimited access to the AWS cloud of native integrations, HD wallets for privacy and ID registries for organizational identity, and others.
Early adopters of the Kaleido marketplace have confirmed that the tech saves them the stress of about 80 percent in the development of a new blockchain project.
It can be recalled that Kaleido was launched in May by Consensys in collaboration with AWS, to speed and simplify enterprises’ journey to using the blockchain technology.
Meanwhile, Kaleido is not the only blockchain project that is overseen by Consensys. There are reportedly over 50 projects that make up the consensys mesh while various organizations have been helped to create over 1,000 blockchain projects.
One of its major clients is Komgo, whose network of financial institutions includes Citi, ING, Koch Supply & Trading, MUFG Bank, Societe Generale, Credit Agricole Group, BNP Paribas, and Shell.Never miss out on our daily crypto news, stories, tips, and price analysis. Join us on Twitter | Telegram | Facebook or subscribe to our weekly Newsletter.