Kaleido to Create Ethereum Platforms for AWS Clients

Amazon partnered with a blockchain startup in a move that signals that the online etail and internet services behemoth has decided to enter a new phase of its offerings for  Amazon Web Services customers.  The platform will use Ethereum, one of the most reputable blockchain currency services.

The announcement send waves of excitement through the blockchain sector as signals a positive sea change for blockchain use and development after issues with fraud and accountability.

The partnership is with a start-up called Kaleido, which came from a blockchain incubator called Consensys, which has overseen more than 50 blockchain projects. The company will help Amazon enable its AWS customers to build cryptocurrency platforms for their transactions. The public, distributed ledger gives companies more control over payments, without a third party intervention.

Last week Facebook announced its reorganization will include a blockchain arm.

Read more at cnbc.com