ConsenSys and Amazon to Launch Ethereum Marketplace for Enterprise Blockchain

Kaleido, a subsidiary of ConsenSys, is launching a marketplace of plug-and-play services to help blockchain projects from proof-of-concept to live production business networks.
The firm, which announced the product at the Web Summit in Lisbon, is working with Amazon Web Services to provide the enterprise blockchain platform.
ConsenSys’ Kaleido Launches Marketplace for Plug-and-Play Enterprise Blockchain Solutions
According to the company, early adopters of the Kaleido Marketplace have eliminated 80 percent of the custom code required to build their blockchain project, saving time and energy to focus on what comes next.
The full-stack platform includes plug-and-play tools from Kaleido, Amazon Web Services, and third-party developers. A survey conducted by PwC in August 2018 found that 84 percent of executives said their companies were “actively involved” with distributed ledger technology.
However, due to a shortage of skills and talent across the industry, companies struggle to complete their blockchain solutions to get them up and running. The marketplace includes native AWS integrations, HD wallets for privacy and ID registries for organizational identity.
The platform also offers blockchain tools and services for smart contract oracles, supply chain management, and real-time legal contracts. Kaleido’s Blockchain Business Cloud has helped companies create more than a thousand blockchain networks, Sophia Lopez, chief operations officer and co-founder, claims.
“We’ve seen successful patterns of deployment as enterprise networks go into production and we’ve baked these best practices into the Kaleido Marketplace services, to help radically simplify the adoption of blockchain and eliminate some of the specialized blockchain expertise needed.”
Steve Cerveny, Kaleido co-founder and CEO, explained there is much more to an enterprise blockchain project than the distributed ledger itself. The platform, built in cooperation with Amazon Web Services and ConsenSys, aims to help firms adopt blockchain in their operations.
“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. I’m very excited that we have a whole cloud of blockchain technologies pre-integrated for our clients to use. The Kaleido Marketplace is a one stop shop for all things enterprise blockchain.”
The announcement, made at the Web Summit in Lisbon, shows how ConsenSys is at the forefront of enterprise blockchain solutions.
The firm has recently made the news for partnering with ING Bank, Citigroup, MUFG Bank, Societe Generale, BNP Paribas, Credit Agricole, Koch Supply & Trading and Shell, to create an ethereum-based platform via a new firm called Komgo. Souleïma Baddi, its CEO, said the company uses the marketplace to select the best protocols in development and use existing building blocks for an optimized solution.
Related Reading: Ethereum Price Analysis: Regulation is Important for Joseph Lubin, the CEO of ConsenSys
Featured image from Shutterstock.
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Source: New

Ethereum [ETH] co-founder’s ConsesSys launches Rimble Design System to foster adoption of Ethereum

Joseph Lubin, the co-founder of Ethereum and the founder of ConsenSys, a blockchain software development company, tweeted the release of Rimble Design System [RDS]. RDS, as the founder claims, is a package of adaptable components and tools to help make the development of decentralized apps [dApps] on Ethereum more user-friendly.
The design team at ConsenSys developed Rimble Design System as an open-source project that provides dApp designers and developers adaptable components and design standards to create common dApp UX patterns, validated through user research, and built for developers.
The launch was tweeted by the founder, Joseph Lubin:
Source: Twitter
The design team at ConsenSys agrees that the development of dApps requires users/developers to learn new patterns, which are a hurdle for both designers and front-end developers.
Amanda Gutterman, the Cheif Marketing Officer at ConsenSys, tweeted recently that the ConsenSys Grant Program will be awarding $500,000 to projects in the Ethereum space which focus on infrastructure, research, interoperability, usability, and developer tools. This was announced at Devcon 4 by Joseph Lubin.
ConsenSys aims to create a new internet because “the current internet is broken”. In a Medium post, it described how digital information on the internet can be stolen without the creators getting the required credits. It plans to eradicate this model of the internet and create a new one. It stated:
“It’s time to change this model; to reward those who enrich our digital worlds. It’s time to use ethical collaboration to foster innovation and growth, with infrastructure built to support just that. It’s time to decentralize the Internet, to move to version three.”
In its effort to help decentralize the world and help companies, ConsenSys oversees the project of a startup called Kaleido. The startup aims to help enterprises implement blockchain technology and is collaborating with Amazon Web Services to do just that.
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Source: AMB Crypto

Japan’s NRI Presents Its New Blockchain Security Tool, Becomes ConsenSys‘ Development Partner


Japan’s NRI Presents Its New Blockchain Security Tool, Becomes ConsenSys‘ Development Partner

Nomura Research Institute’s cybersecurity subsidiary revealed its new security tool called “Blockchain Security Monitoring Service” and confirmed its partnership with ConsenSys.

Japan’s NRI Presents Its New Blockchain Security Tool, Becomes ConsenSys‘ Development Partner

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto Developments Aplenty at Devcon4, Ethereum 2.0 Among Them

Amid a declining market, one of the crypto industry’s foremost events recently flew under the radar of many investors. The event, Devcon4, an Ethereum-centric event attended by some of this industry’s best and brightest, highlighted the fact that while the market is tanking, crypto’s fundamentals are booming beyond belief.
Among the multitude of developments announced at the ongoing Devcon4, which is hosted in Prague — a crypto-friendly city in and of itself — some stood out more than others, including the premiere of MetaMask’s mobile client, an update on the second phase of Ethereum’s long-awaited roadmap, and an ever so silly singalong with Vitalik Buterin himself.
ConsenSys-Backed MetaMask Reveals Mobile Application, Ethereum To Go Mobile
Since its inception, the Ethereum Network, with all of its out-of-this-world decentralized applications (dApps), blockchain-based tokens, and smart contracts, has often been seen as an abstract entity by many consumers. However, consumers haven’t been left in the dark, as MetaMask’s internet browser plugin, one of the first applications built solely for the Ethereum blockchain, was and still is a viable way for users to interact with Ethereum’s vast ecosystem.
While MetaMask has eased the qualms of many perplexed users, there has been a gaping hole in the hearts of the mobile subset of Ethereum users, who have had little opportunity to interact with the blockchain ecosystem through their mobile devices.
This changed on Wednesday, however, as Joseph Lubin, a Canadian technology entrepreneur and co-founder of the Ethereum project, took to Twitter to express his excitement for a development update from the dedicated MetaMask team. Lubin, who currently resides over ConsenSys, the so-called “Google” of the blockchain world, wrote:

The @metamask_io mobile app was just announced at #Devcon4! Everyone's favorite #Ethereum browser extension is coming to your phone. The team is focusing on not being 'just a wallet', but a portal to the world of all things #blockchain.
— Joseph Lubin (@ethereumJoseph) October 31, 2018

Although this announcement accentuates the fact that MetaMask is poised to release a mobile client, which will allow smartphone users to hold Ether and ERC tokens, and to interact with dApps and smart contracts, a timeline was seemingly left undisclosed.
Vitalik Buterin Goes Serene — Unveils “Serenity”
After months of anticipation, on Wednesday, Vitalik Buterin, the de-facto face of the Ethereum Network, took to Devcon4’s stage to convey a keynote in front of a sold-out crowd. While many didn’t expect it, Buterin, who plays a role as Ethereum’s champion and figurehead, cut out some time to highlight Ethereum’s long-standing scaling debate.
Like Bitcoin, Ethereum is currently backed by a Proof of Work (PoW) consensus protocol, which allows miners to allocate their computational resources to validate and secure transactions on a decentralized network, albeit at a sluggish pace.
However, unlike Bitcoin, due to PoW’s relative inefficiencies and the rise of ASIC centralization, the Ethereum Core development team has sought to move away from the network’s original consensus mechanism. Ethereum’s first step towards abolishing PoW has seemingly taken the form of the so-called “Serenity Protocol,” which, as explained by Buterin, is a hybrid between PoW and Proof of Stake (PoS), the former’s metaphorical estranged cousin.
As noted out by Tim Copeland of Decrypt Media, who is in attendance at Devcon, Buterin was quoted as saying:
“Serenity is the world computer as it’s really meant to be. Not a smart phone from 1999 that can process 15 transactions per second and maybe, potentially play Snake.”
Per Buterin, through the use of PoS, a brand spanking new blockchain, and a three-part roll-out, Serenity may eventually facilitate “pure PoS consensus, faster times to synchronous confirmation (8-16 seconds), economic finality (10-20 minutes),” and, arguably most importantly, a 1,000x scalability upside, which should fix all of Ethereum’s current scaling shortcomings.
Closing off one of Devcon4’s last keynotes of the day, Buterin joined hands with a number of prominent Ethereum community members and Jonathan Mann, an internet-famous songwriter, to inject a bit of fun into the conference crowd, who had likely undergone a caffeine crash after a long day of friendly discourse, discussion, and development.

Today we learned @VitalikButerin is a backup singer! #Devcon
— (@MyCrypto) October 31, 2018

The song, which was sung by Mann, Buterin, and those in the auditorium, jokingly highlighted Ethereum’s “failed ideas” and a short recap of the project’s tumultuous history. While the topics the song covered may sound like a drag, Mann closed off his piece of art with a sing-a-long, beckoning the Devcon4 audience to sing “B-U-I. B-U-I. B-U-I-D-L” along with other silly, but fun crypto cliches.
It is important to note that while the sell out conference’s first day was filled to the brim with exciting announcements, the event is far from over, with there being two jam-packed days left for Devcon attendees to shout from the rooftops that crypto is here, and is here to stay.
As put by Lubin, the aforementioned founder of ConsenSys, in a recent “First On CNBC” interview:
“Digital currencies are not on the edge of collapse. We’ve seen lots of booms and busts in our ecosystem over the last 10 years and it has never been stronger than it is now. I measure that in terms of the number of projects, people, entrepreneurs, and developers  [involved in this space.] It is orders of magnitudes bigger than it was and the foundational infrastructure is getting built out.”
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Source: New

Ethereum [ETH]’s Joseph Lubin invests $6.5 Million in a Fintech

On 1st October, DrumG Technologies, an organization aimed at building and operating blockchain-based applications for regulated global financial institutions, issued a press-release stating that they have partnered with Joseph Lubin’s ConsenSys. ConsenSys will be investing a whopping $6.5 million on the project. Joseph Lubin, the CEO, and Co-Founder of ConsenSys will serve as a member of the Board of Directors, at DrumG.
ConsenSys is the sole investor of the project, the press release stated. Tim Grant the, CEO of DrumG, stated that the company is delighted with the partnership. He went on to say that they were delighted to have Joseph Lubin as an “industry luminary” on board. Through this move, DrumG will get an opportunity to interact with a group of professionals and global resources of ConsenSys, he added.
Lubin stated:
“We are also excited to enter the marketplace with our unique ledger appropriate positioning and to play a significant role in driving towards the generation of true business value via the deployment of enterprise blockchain networks.”
He further added:
“We are excited to partner with DrumG Technologies as a strategic investor and as a part of our broad portfolio of activity in the enterprise distributed ledger space. “
Lubin said that the DrumG team had a proven experience in delivering enterprise solutions to regulated markets combined with the knowledge of blockchain technology. In his opinion, the aforementioned expertise of DrumG will serve as a valuable part of the global financing service offering of ConsenSys.
DrumG will be focusing on building its initial applications on Ethereum and R3’s Corda blockchain platform.
Grant also said that the blockchain platforms have seen a “tremendous evolution” over the last three years and the level of sophistication in the financial community has increased over time.
Furthermore, he said:
“There is still work to do to get to functioning systems in production. We believe in delivering solutions that generate true business value on a timeline measured in months rather than years,”
He went on to say that these solutions will require a focused attention on deployment, a deepened understanding of the market in a financial and technological aspect. He also stated that hands-on experience on advantages and disadvantages of different enterprise platforms will be beneficial.
DrumG has already begun working on two enterprise applications, a Titanium network, and a post-trade reconciliation network for hedge funds, prime brokers, fund administrators, and auditors.
The Swiss-based financial giant Credit Suisse will act as the founding institute for the Titanium network. Titanium will serve as a decentralized network that is cryptographically secured Over The Counter [OTC] consensus-based data solution, to provide bank trading and valuation operations.
The post-trade reconciliation network is proposed to be built on R3’s Corda Enterprise platform. The company intends to bring it to the deployment phase in late 2019.
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Source: AMB Crypto

Ethereum [ETH]’s Joseph Lubin discusses ConsenSys, cryptocurrency and blockchain

In the ongoing San Francisco edition of Tech Crunch Disrupt 2018, users and cryptocurrency holders had the opportunity to get a clear understanding of cryptocurrency, blockchain technology, and ConsenSys from the officials of the company including, Joseph Lubin, Sam Cassatt, and Amanda Gutterman.
Lubin, who is also the Co-Founder of Ethereum, went on to talk about the Ethereum project and the version 1 of Ethereum, stating that the main idea to build ConsenSys came from the need to build products at the application layer. He also stated that there was some nervousness in establishing a blockchain company in the United States and gave that as the sole reason why ConsenSys is Switzerland based.
In an earlier interview Lubin had said:
“ConsenSys helps to accelerate, or even launch, companies and projects that use Ethereum as a platform. We are re-architecting how companies or groups of people will offer services to consumers and other businesses and there are definitely some hot-button issues around cryptocurrencies, as there are hot-button issues with respect to securities law around the world”
The Co-Founder also added that the road to building ConsenSys from the ground up was filled with gathering application developers, establishing an app store and creating a reliable accounting system.
Lubin also added that:
“ What makes ConsenSys special is the fact that we had so much to do, but such a lack of infrastructure to help us achieve that. This was the point we decided that we should build our own developer tools; ended up making Metamask, the ConsenSys Academy and even ventured into consulting.”
The panel went on to talk about the ecosystem within ConsenSys, pointing out to the various projects that over a thousand people were working on.
Sam Cassatt, the Chief Strategy Officer at ConsenSys said that the company focusses more on the level of abstractions bought up, rather than the rigid ideas around which employees have to function. The main focus of the organization is to build a functioning protocol layer on which a plethora of companies can be built and not just applications.
Lubin added onto Cassatt’s statement by saying that the “build what you want” ideology is what has enabled ConsenSys to pivot towards establishing a venture studio, ecosystem creation, and blockchain consultation ideas.
Furthermore, Joseph also emphasized on the formula of modularizing and granulizing functionalities within the blockchain space. Amanda Gutterman, the Chief Marketing Executive of ConsenSys later talked about the different products developed by the ConsenSys team – Truffle, the most used Ethereum and developmental framework and Metamask, a google plugin. Metamask was in the news recently when they announced that the plugin will stop automatically injecting Web3 instances during loading durations on web browsers.
The ConsenSys team reported that the main aim of the organization is to develop blockchain as a whole from the grass root level, with a vision to bring on the dawn of the ‘application layer’ age.
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Source: AMB Crypto