GuildOne has recently launched Energy Block Exchange (EBX), a blockchain business network for high-speed transactions. Designed as a compatibility zone for the industry to share secure smart contracts, settle payments, and ensure rights and revenue completion.

GuildOne and AWS have partnered to bring anyone wanting to transact on this network ‘up-to-speed’ quickly. EBX is based on R3’s Corda Blockchain Platform and hosted on Amazon Web Services. Being hosted on Amazon Web Services means that parties can establish a node promptly and securely on the Energy Block Exchange network to start transacting.

Working with stakeholders, including NAL Resources Management Limited, PrairieSky Royalty and ATB Financial, GuildOne designed a proof-of-concept to settle its first royalty contract and payment contract using the Royalty Ledger application on Energy Block Exchange (EBX).

GuildOne chose to represent seven business nodes on the distributed ledger and used AWS to stand up several distributed ledger technology environments using R3’s Corda.

GuildOne used the following AWS applications to assist with the rollout of the first proof-of-concept:

 

• Amazon Elastic Compute Cloud (Amazon ECS) as the virtual machines running Linux,
• Amazon Relational Database Service (RDS) as the database for each of the nodes,
• EBS Storage Volumes for server storage,
• Amazon Virtual Private Cloud (VPC) for network privacy and security,
• Amazon CloudWatch for monitoring,
• and AWS Lambda for scripting.