Cypherium Partners with Amazon Web Services to Launch Enterprise Blockchain-as-a-Service
Summary
While blockchain represents a veritable paradigm shift for financial technologies and the future of commerce, until Cypherium Enterprise, there hasn’t been a smart contract toolset ready-made for businesses getting to work today. By taking the best of Bitcoin’s highly decentralized proof of work consensus algorithm and pairing it with Practical Byzantine Fault Tolerance for scaling to the needs of growing enterprise use cases, Cypherium has propelled itself to the head of the class. Finally, Cypherium Enterprise runs a frictionless Turing-complete Java Virtual Machine to encourage the widespread adoption and development of smart contracts in a way that maximizes the practical usefulness of blockchain. Launching the smart contract platform on Amazon Web Services Marketplace is a first step toward dispensing blockchain tools and solutions to a new enterprise audience that has hitherto relied on traditional technologies. The Cypherium team is composed of former Google, Amazon, Microsoft, and Tencent developers and is advised by distributed systems researcher Emin Gun Sirer, who is co-director of Cornell University’s Initiative for Cryptocurrencies and Contracts.