Bitcoin Global News (BGN)
January 07, 2019 -- ADVFN Crypto NewsWire -- Awareness in the
business sector of the potential benefits of blockchain technology
is growing. Interest is strong, but the industry is still
struggling with a continual problem of lack of developer talent.
Because of this, established blockchain companies have established
blockchain-as-a-service platforms. In this way, blockchain
templates are offered on the given companies network of choice that
cut out then need to build a blockchain network from the ground
up.
Consensys worked with Amazon Web
Services to build on of the most prevalent and feature rich
platforms. Private businesses are looking to gain an edge in this
technology, but often cannot risk the security uncertainty of using
a public network. Kaleido s Business Cloud that significantly
simplifies the creation and operation of private blockchain
networks.
Kaleido alows linking between
private networks and the public Ethereum mainnet, integrated
analytics, and support for multiple protocol options and consensus
mechanisms. It runs on AWS Cloud and provides seamlessly
connectivity to other popular AWS services.
A private Kaleido chain is
permanently anchored to the public blockchain through the Kaleido
Relay, so a network of companies can gains the benefit if
decentralized data’s security. Anchoring can occur automatically at
regular checkpoints to provide greater "proof of settlement
finality" over all transactions, as well as on demand for specific
events such as a high value trade. However, the newest platform
ConsenSys is working on uses a new network structure.
W3BCLOUD
Consensys is building on their
position as a global leader in blockchain development with years of
experience advancing the capabilities and efficiencies of these
systems. This new platform is aiming to be the first independent
cloud computing blockchain infrastructure. The blend of
decentralization with state-of-the-art security brings increased
transaction throughput.
“Bolstering the compute power of
blockchain networks with AMD’s leading-edge technology
will
be of great benefit to the scalable
adoption of emerging decentralized systems around the
Globe. The combination of hardware
and software will power a new infrastructure layer and enable an
accelerated proliferation of blockchain technologies.” - Joe
Lubin, founder of ConsenSys and co-creator of Ethereum.
Joseph Lubin founded Consensys
after his work as co-founder of Ethereum. His organization builds,
consults, and launches decentralized applications using Ethereum.
They created the Enterprise Ethereum Alliance as well, a group of
now more than 500 organizations dedicated to ensuring Ethereum
meets the specific needs of companies.
“We are excited to work with
Consensys and provide them with access to
high-performance
hardware technologies capable of
better scaling and proliferating decentralized networks
and
services to meet the growing
interest from large corporations and governments looking to
tackle
challenges ranging from smart
identity, enterprise data centers and health ID tracking,
to
licensing and supply chain
management.” - Joerg Roskowetz, director of product
management, Blockchain Technology,
AMD
By: BGN Editorial Staff