Kaleido and Amazon Web Services to Launch a Plug and Play Services Marketplace

Kaleido, a leader in the blockchain sector, is working with Amazon Web Services and ConsenSys to launch a marketplace for plug and play services. This will be the first full-stack platform of its kind. The platform will also come with partner software to support blockchain projects from the early stages to live business networks.

This is Huge for Kaleido

Kaleido is itself a startup nurtured by ConsenSys from the early stages. The work with Amazon presents a major step forward. This marketplace will launch with services and tools from AWS, Kaleido, and members who take part in the program. All of them will be offered in the form of plug and play.

Early adopters of the marketplace say that it helps them avoid having to come up with 80% of the custom code needed for a blockchain project. Clients can now access native AWS integration. They will also be able to access popular services such as ID registers and HD wallets. They can also access products such as Chainlink for the creation of oracles. Other products include OpenLaw and Clause.io that can help with managing legal issues.

The Future Looks Bright

By 2030, the value-add brought about by blockchain technology is expected to hit about $3.1 trillion. Thus, blockchain technology will continue being an important part of the future. In fact, a recent survey shows that 84% of CEOs are working with a blockchain project. This was out of a survey in August 2018. However, many have not yet come up with a complete blockchain solution.

Since launching in May, the Kaleido project has helped in the creation of over one thousand blockchain networks. This has been done using the Blockchain Business Cloud tool. With this full stack solution, it will be possible to create a full blockchain solution and keep it running.

What the Leadership Thinks

According to the COO and founder of Kaleido, Sophia, the company has seen successful deployment thus far. They hope their solution will assist with the adoption of the blockchain. It will also help to get rid of some of the need for extensive blockchain expertise.

According to the Kaleido CEO, just 10 percent of the enterprise blockchains are the blockchain. The rest consists of other apps and components needed to create a viable network. He said that he was happy his company was able to offer a full list of technologies with pre-integration for customers.

Use Case

A good example of a Kaleido client is Komgo. This trade and finance platform is made of major institutions such as ING, Citi, MUFG Bank, Credit Agricole, Shell, and many others. The CEO of Komgo believes that by creating an open blockchain network, they can pick the best solutions available.

As part of the marketplace, Kaledio will also launch a partnership program. This will allow third parties to be part of the ecosystem. They will be able to offer their own solutions on the Kaleido marketplace.

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