Verizon goes with AWS as its preferred public cloud provider

Verizon goes with AWS as its preferred public cloud provider

The retail and computing giant is teaming up with a new company called Kaleido, which will produce easy-to-implement blockchain-based software for the company based around Ethereum's smart contract system - meaning companies, as Kaleido founder Steve Cerveny told CNBC, "can focus on their scenario and they don't have to become PhDs is cryptography".

Figure 1 - With Kaleido, it starts with a digital representation of your business relationships.

Kaleido is the first platform that allows you to anchor your chain to the mainnet and indelibly store your state on the public blockchain.

The Kaleido solution allows enterprise organizations to create customizable, secure, permissioned blockchain networks that deliver full blockchain functionality without costly and complex development cycles.

Europe's busiest airline was already an AWS customer, using its flexible cloud infrastructure to support Ryanair.com and its hotel booking site Ryanair Rooms, as well as using Amazon's Simple Storage Service (S3) for its company data lake and Amazon Kinesis for analytics. AWS said that these connections will help enterprises to reduce the costs of real-world projects.

"Kaleido is making blockchain more accessible and easier to use for our customers and even faster to securely connect their blockchain solutions to the rest of AWS's fleet of services", said Joshua Hoffman, General Manager and Global Lead of Software Partnerships at AWS. In this context, Lubin commented that Consensys, the business which oversees more than 50 blockchain-based projects, has seen a significant increase in interest around the technology. He said it can also help connecting enterprises' private blockchains to the ethereum network. "We look forward to continuing our work with Verizon as their preferred public cloud provider, helping them to continually transform their business and innovate on behalf of their customers".

In the Kaleido tenancy model, all networks are isolated, and ingress to nodes within a network is unique and isolated per member.

Running your network on Kaleido means the whole group operates on the same stringent levels of security and robustness so there is no weak link. Unlike many online publications, we don't have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic. Joseph Lubin, Ethereum co-founder and ConsenSys founder, said, "Since the inception of ConsenSys in 2014, we have been on a mission to accelerate the adoption of Ethereum ..."

Related Articles

  • Volume Spotlight - AK Steel Holding Corporation (AKS)

    The stock is now showing down return of -1.89% throughout last week and witnessed bullish return of 5.99% in one month period. When a stock price is nearing the 52-week high or 52-week low, investors may closely follow activity to watch for a breach.
    All-New Google News for iOS Download Hits the App Store

    All-New Google News for iOS Download Hits the App Store

    The Headline page organizes stories based on general topics, such as Sports, Entertainment, and Technology. In the " Favorites " tab you can add specific topics, sources, and locations that you're interested in.
    Mircrosoft's Low-Cost Tablet to Rival Apple

    Mircrosoft's Low-Cost Tablet to Rival Apple

    The new cheaper Surfaces could likewise appeal to students and teachers, and to schools that buy less-expensive devices in bulk. Last year Apple sold nearly $20 billion in iPads , whereas Microsoft's professional Surface line sold just $4.4 billion.
  • Athletics' Piscotty homers in first at-bat since mother's funeral

    Athletics' Piscotty homers in first at-bat since mother's funeral

    After he crossed home plate, Piscotty trotted to the dugout, where teammates showered him with cheers and high fives. Gretchen Piscotty, 55, died May 6. "Running around [the bases] was pretty emotional".
    BSNL introduces Rs 118 prepaid plan to counter Jio, Airtel and Idea

    BSNL introduces Rs 118 prepaid plan to counter Jio, Airtel and Idea

    Bharat Sanchar Nigam Limited ( BSNL ) has announced the launch of a new prepaid plan to counter Reliance Jio's Rs 98 plan. From the above, it can be argued that RJio still manages to beat this BSNL offer in terms of valuation and data pack.
    Russian company attacks Mueller indictment as baseless

    Russian company attacks Mueller indictment as baseless

    A Monday court filing by Concord Management and Consulting, reported by CNN, said Mr. Prigozhin was placed on a US sanctions list earlier this year.
  • Italy's League chief sees govt programme completed Wednesday

    Italy's League chief sees govt programme completed Wednesday

    Italian stocks.FTMIB fell 2.5 percent, set for their biggest one-day drop since the country's inconclusive general election in March.
    Man United Told They Could Sign Key Midfield Target For €60m

    Man United Told They Could Sign Key Midfield Target For €60m

    I have dreams of playing in major clubs in Europe. 'I think I have to change a little. "The club are reluctant to release [me]". Mourinho has been handed a £150m budget for transfers this summer but he can top that up by selling some fringe players.
    Everton sack Sam Allardyce as manager

    Everton sack Sam Allardyce as manager

    England's all-time top scorer had reportedly agreed terms on a £12.5 million move to DC United in Major League Soccer last week. The former England manager said in April that he had spoken with Moshiri and that he would remain at the club next season.
  • OIC to hold emergency meeting on Palestine in Istanbul

    OIC to hold emergency meeting on Palestine in Istanbul

    The meeting will take place on May 18, government spokesman and Deputy Prime Minister Bekir Bozdag announced. Abbasi thanked Turkey for its timely initiative on the situation in Palestine.
    Google Rolls Out AI-driven 'Google News' App For iPhone And iPad

    Google Rolls Out AI-driven 'Google News' App For iPhone And iPad

    This feature means users will not exclusively be served a biased selection of news, but will expose everyone to the same stories. It works as you'd imagine, letting you mark out preferred topics, news sources and locations to filter your reads.
    Neymar says he has fears after returning from injury

    Neymar says he has fears after returning from injury

    Meanwhile, NAIJ.com had earlier reported about Neymar's frustrations concerning the rumours surrounding his future with PSG . Brazil will start its World Cup campaign against Switzerland June 17, followed by Costa Rica and Serbia in Group E.