Amazon Collaborates On New Marketplace For Ethereum Enterprises


A startup, Kaleido, that aims to implement Blockchain technology for enterprises has a launched a new platform in partnership with Amazon Web Services. This marketplace provides protocols and tools for the components of new Blockchain projects. Commodities platform, Komgo is a current client of the startup. This platform has a network of financial institutions such as Citi, Koch Supply and Trading, ING, MUFG Bank, Credit Agricole, Shell, and BNP Paribas.This Blockchain project is one of the few overseen by ConsenSys, a Blockchain technology company. It was launched by Joe Lubin, Ethereum cofounder in 2014.Kaleido was launched this year and it offers Blockchain specific support to businesses as a part of its Blockchain Business Cloud platform. CEO Cerveny sees this marketplace as the next evolution of the service.He said:“We knew that customers struggling to adopt blockchain needed more help than just the chain. We knew that they needed more advanced components [that were] easily deployed and pre-integrated,”

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About Ethereum (ETH): Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.

Ethereum (ETH) is the 2nd largest cryptocurrency by market cap size with a market cap of $21,695,157,610. It is down 1.43% over the past 24 hours and is currently trading at $210.43. It can be bought with fiat dollars, credit cards, or debit cards on cryptocurrency exchanges such as Coinbase, CEX.io, and Changelly.

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