Amazon Web Service announced on their website the acceptance of Ternio blockchain to be an Amazon advanced technology partner on Tuesday this week.
The Alpharetta, Georgia based blockchain company aims at providing enterprises, governments (both local and federal) and SMEs blockchain based supply chain solution and solve data problems. The latest partnership with AWS will see Ternio build scalable blockchain solutions on chain in a cloud system.
The announcement made on Ternio’s official website confirms the company will use the Lexicon framework to create the scalable platform. The Lexicon framework (awaiting patent) has tested over 1 million on chain transactions per second causing a buzz in the industry on possibilities ahead.
Organizations around the world are focusing on deploying blockchains to increase the transparency of data, efficiency and a permanent record of data.
Deploying blockchain as a service has however face a couple of challenges with scalability being one of the major issues that enterprises have to solve. Ternio offers the Lexicon framework as a solution to a scalable blockchain allowing large corporations to deploy blockchains across their networks.
Speaking on the latest partnership with AWS, the CEO of Ternio, Daniel Gouldman was ecstatic as Ternio blockchain becomes one of AWS as Advanced Technology Partners. Terino is only the fifth blockchain company to receive the accolade.The AWS client service allows any organization, large or small, to deploy the Ternio blockchain without scalability worries.
The Ternio blockchain is suitable for multiple industries including fintech, health, supply chain management, global trade among other industries. The Lexicon blockchain increases the efficiency in business to business transactions by offering solutions for internal and external supply chain through records of large data sets or small data sets in large volumes on the network.
The Lexicon's architecture is built upon IBM’s HyperLedger Fabric and supports Ethereum EVM bytecode smart contracts.
The Ternio token, ticker TERN, is currently trading at $0.009890 USD, representing a slight 1.19% increase in price in the past 24 hours as markets slowly turn bullish. The coin is ranked 479th on Coinmarketcap listings with a total market capitalization of $3,304,736 USD.