A new startup that hopes to assist with blockchain implementation on an enterprise level has just made its job easier. In conjunction with Amazon Web Services (AWS), Kaleido has introduced the Kaleido Marketplace, which offers protocols and tools for all aspects of new blockchain projects “from the app all the way to the chain.”
According to a report by Bloomberg, Kaleido is overseen by ConsenSys and is just one of the 50 blockchain projects the group manages. Consensys has been around since 2014, having been introduced by Ethereum’s co-founder, Joe Lubin. Kaleido made its debut this past May and supports enterprise-level businesses through its Blockchain Business Cloud (BBC) platform.
The Kaleido Marketplace will function as an extension of the BBC. The company’s CEO, Steve Cerveny, explained, “The reality is only about 10 percent of an enterprise blockchain project is the blockchain itself. There are many other application, data and infrastructure components required to go into production. 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.”
Through the marketplace, Kaleido will offer a full-stack solution, providing everything from developer tools to end user application interfaces. It will allow enterprises to quickly ramp up their blockchain solutions, allowing them to start using the technology as quickly as possible. In addition to being able to manage the blockchain network, there are tools that will also help the businesses manage their blockchain infrastructure and protocols.
Kaleido already has a number of clients, Komgo, Radiant Earth and Greenfence Consumer. The Komgo commodities platform uses the platform and has in its network a number of financial institutions, including BNP Paribas, Koch Supply & Trading, Citi, Shell, ING and Societe Generale.
Komgo CEO Souleïma Baddi added, “By building on an open blockchain system, Komgo can select from the best protocols in development across the ecosystem and use existing building blocks for an optimized solution. Now with the proof of concepts and pilots behind us, Kaleido will help us deliver production ready products for a large number of participants at a very fast pace.”
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
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Australia’s national science agency, CSIRO (Commonwealth Scientific and Industrial Research Organization) has successfully completed a test of its blockchain and the results are promising. The test, which was conducted on Amazon’s cloud computing network, was able to process 30,000 transactions in one second.
The blockchain, the Red Belly Blockchain, was created in a partnership between CSIRO, and the Concurrent System Research Group at the University of Sydney. The test utilized Amazon’s Amazon Web Services (AWS) cloud platform and was conducted using 1,000 virtual machines in 14 geographic regions of the 18 serviced by AWS.
CSIRO confirmed the results in an announcement on Tuesday, explaining that “a benchmark was set by sending 30,000 transactions per second from different geographic regions, demonstrating an average transaction latency of three seconds with 1,000 replicas.”
The nodes involved were located in North America, South America, Sydney and Europe.
The premise of the test was to highlight Red Belly’s scalability while maintaining the core features of security and speed. The blockchain works on a unique consensus mechanism that is able to perform and scale without needing to rely on a proof of work protocol, which is what is seen most often by blockchains such as BTC and Ethereum.
A senior researcher with CSIRO, Dr. Vincent Gramoli, stated, “Real-world applications of blockchain have been struggling to get off the ground due to issues with energy consumption and complexities induced by the proof of work.” He further explained, “The deployment of Red Belly Blockchain on AWS shows the unique scalability and strength of the next generation ledger technology in a global context.”
AWS has already seen its platform used to run two other experiments between July 2017 and this past May. The earlier test revealed throughput of 660,000 transactions per second across 300 machines, but was limited to a single geographic area.
CSIRO is partnered with tech giant IBM in a data consortium that is currently designed a blockchain platform that would be capable of being deployed on a large scale and across multiple industries. The platform, the Australian National Blockchain, is powered by smart contracts.
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