AWS Blockchain-Inspired Platform

Background

CME Group and Britain’s Royal Mint collaborated to create a new gold trading platform based on Blockchain Technology running on Amazon Web Services.

The Challenge

The client needed help creating a Blockchain Validator Solution capable of controlling transaction flow within a private network on the Cloud. Additionally, they required a cost-effective “Scale on-demand” architecture solution as a result of uncertainty in expected network transaction volume. This meant a high level of data and transaction security was required due to the nature of the transactions, including rigorous fault tolerance with high up-time SLAs.

The Solution

Kopius’* team of AWS experts implemented an AWS solution while also providing ongoing AWS Managed Services post-launch. As an AWS partner, Amazon Web Services were easily leveraged to locate all development, testing, and production environments. This allowed for instant scaling in a ”pay for what you use” model. Additionally, our team managed Cloud use based on Amazon CloudWatch services, allowing a 24×5 support and full real-time supervision. We also introduced world-class DevOps best practices and tools to regularly maintain the environment. Our flexibility allowed the CME to update servers and enable more instances on-demand with Amazon Machine Images (AMI).

Results

CME Group achieved an average cost savings of 70% per month on AWS compared to their on-site servers. Through CloudWatch, monitoring cost 60% less than before. The client now has a highly scalable and fault-tolerant Cloud environment managed by our Cloud Managed Services group. In the end, it took 50% less time to build and deploy our solution than with an alternative resource.

*Work was performed under the previous business name, Tradehelm