Blockchain startup ConsenSys, in collaboration with Amazon Web Services (AWS), has announced a new service to accelerate the rate of enterprise blockchain adoption.

The new service, Kaleido, is a Blockchain Business Cloud that considerably simplifies the creation and operation of private blockchain networks.

According to the official release, Kaleido is the first enterprise blockchain platform to utilize Ethereum and offers the ability to switch between configurations of the underlying Ethereum protocol. This means that users would be able to toggle between different consensus algorithms (RAFT, POA, and IBFT) when configuring the Quorum and Geth packages.

Other unique capabilities include linking between private networks and the public Ethereum mainnet, integrated analytics, and support for multiple protocol options and consensus mechanisms.

"This all-in-one Blockchain Business Cloud changes the economic equation of an enterprise blockchain project. By offering a full solution way beyond do-it-yourself scripts or templates, Kaleido significantly speeds up development and deployment cycles and dramatically lowers operating costs. What Salesforce did for CRMs, Kaleido will do for blockchain,” Steve Cerveny, Kaleido Founder said.

Kaleido is the first Blockchain Software as a Service (SaaS) available in the AWS Marketplace. It enables clients to seamlessly connect to other AWS services, thereby helping to lower the cost of real-world projects that often require complex integrations. It is accessible across multiple AWS Regions across the globe.

Kaleido has already been piloted by a number of consortia. UnionBank used the new service to expand its reach farther into the rural communities of the Philippines.

"In partnership with ConsenSys and running on the Kaleido platform, we successfully accelerated Project i2i into active pilot without the complexity and cost of starting from scratch,” Justo Ortiz, Chairman of the Board for UnionBank said.