New Kids on the Block(chain): What Amazon and IBM Will Do with the Technology
May 23, 2018
It seems as if no day can go by without a major company announcing their interest in blockchain. Facebook recently declared that it’s looking into the technology to stop data drains, and Microsoft has launched its Azure Blockchain Workbench, a platform that helps developers create blockchain apps.
Recently, Amazon and IBM have also jumped on the blockchain bandwagon. Discover how the big boys are using blockchain, and see which ideas you can use for your small business.
Do you want to get into blockchain but don’t know how? Amazon Web Services (AWS) offers an easy entry for software developers who want to make use of blockchain technology but have no experience in cryptography.
Amazon’s blockchain templates help you create the actual blockchain network, which means that you can focus all your time on developing your blockchain-based application. You can provide blockchain apps to your clients and business partners without worrying about cryptography.
Software as a Service (SaaS)
And what about those of us that aren’t software developers? Luckily, we won’t be left behind.
Amazon hasn’t forgotten the millions of people who aren’t IT wizards but still want to utilize blockchain. AWS has teamed up with ConsenSys, a leading blockchain incubator to introduce Kaleido.
The service is highly customizable, depending on your needs. All you need to do is come up with your specific demand and Kaleido will develop it for you.
Kaleido is an all-in-one platform. It’s more than a simple template: it provides you with the whole blockchain solution.
However, don’t think of Amazon’s Kaleido as a ready-made, one-size-fits-all application. The service is highly customizable, depending on your needs. All you need to do is come up with your specific demand and Kaleido will develop it for you.
The best thing is, Kaleido is currently available free of charge.
Blockchain for the Environment
IBM came up with a blockchain app that is truly beneficial for both businesses and the environment. Together with Veridium Labs, an environmental fintech startup, IBM created a cryptocurrency token for carbon credits.
What are carbon credits?
A carbon credit is a tradeable permission issued to countries and companies that allows them to emit a certain amount of carbon dioxide.
Although carbon credits have been traded by third parties before, the system was riddled with transparency problems. Now, thanks to the public and globally accessible Stellar blockchain network, IBM’s carbon tokens can be traded efficiently and transparently all over the world.
By using a public, permissioned blockchain network, we can help Veridium create a new sustainable marketplace
In a heartwarming move, IBM announced it won’t pocket any revenue from this project. Instead, it will donate all proceeds from the carbon tokens toward reviving a dying rainforest on Borneo (Indonesia).
As Bridget van Kralingen, senior vice president of IBM’s industry platforms and blockchain division sums it up:
“By using a public, permissioned blockchain network, we can help Veridium create a new sustainable marketplace that is good for business and good for the world”.
Blockchain for Everyday
Caught the blockchain fever yet? Check out our ideas for small business blockchain applications.
You know who else works with blockchain? Veem.
Veem is the next generation global payment platform that allows you to send and request international transfers safely, quickly, and effortlessly.
What used to take hours of bank admin and days of waiting for your money, can now be done with just a click. With the safety of blockchain technology, Veem provides real-time tracking for your transactions, without any wire fees.
Sign up for a free Veem account and hop onto the blockchain train.