ConsenSys and Amazon to Launch Ethereum Marketplace for Enterprise Blockchain

Kaleido, a subsidiary of ConsenSys, is launching a marketplace of plug-and-play services to help blockchain projects from proof-of-concept to live production business networks.

The firm, which announced the product at the Web Summit in Lisbon, is working with Amazon Web Services to provide the enterprise blockchain platform.

ConsenSys’ Kaleido Launches Marketplace for Plug-and-Play Enterprise Blockchain Solutions

According to the company, early adopters of the Kaleido Marketplace have eliminated 80 percent of the custom code required to build their blockchain project, saving time and energy to focus on what comes next.

The full-stack platform includes plug-and-play tools from Kaleido, Amazon Web Services, and third-party developers. A survey conducted by PwC in August 2018 found that 84 percent of executives said their companies were “actively involved” with distributed ledger technology.

However, due to a shortage of skills and talent across the industry, companies struggle to complete their blockchain solutions to get them up and running. The marketplace includes native AWS integrations, HD wallets for privacy and ID registries for organizational identity.

The platform also offers blockchain tools and services for smart contract oracles, supply chain management, and real-time legal contracts. Kaleido’s Blockchain Business Cloud has helped companies create more than a thousand blockchain networks, Sophia Lopez, chief operations officer and co-founder, claims.

“We’ve seen successful patterns of deployment as enterprise networks go into production and we’ve baked these best practices into the Kaleido Marketplace services, to help radically simplify the adoption of blockchain and eliminate some of the specialized blockchain expertise needed.”

Steve Cerveny, Kaleido co-founder and CEO, explained there is much more to an enterprise blockchain project than the distributed ledger itself. The platform, built in cooperation with Amazon Web Services and ConsenSys, aims to help firms adopt blockchain in their operations.

“The reality is only about 10 percent of an enterprise blockchain project is the blockchain itself. There are many other application, data and infrastructure components required to go into production. I’m very excited that we have a whole cloud of blockchain technologies pre-integrated for our clients to use. The Kaleido Marketplace is a one stop shop for all things enterprise blockchain.”

The announcement, made at the Web Summit in Lisbon, shows how ConsenSys is at the forefront of enterprise blockchain solutions.

The firm has recently made the news for partnering with ING Bank, Citigroup, MUFG Bank, Societe Generale, BNP Paribas, Credit Agricole, Koch Supply & Trading and Shell, to create an ethereum-based platform via a new firm called Komgo. Souleïma Baddi, its CEO, said the company uses the marketplace to select the best protocols in development and use existing building blocks for an optimized solution.

Related Reading: Ethereum Price Analysis: Regulation is Important for Joseph Lubin, the CEO of ConsenSys

Featured image from Shutterstock.

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