New AWS blockchain-inspired platform achieves 70% cost savings for CME Group
CME Group and Britain’s Royal Mint collaborated to create a new gold trading platform based on Blockchain Technology running on Amazon Web Services
A derivatives marketplace and a government-owned mint production company collaborated to create a new gold trading platform based on Blockchain Technology running on Amazon Web Services. They needed a Blockchain Validator Solution capable of controlling transaction flow within a private network on the cloud.
Uncertainty in expected network transactions volume required a cost-effective “scale on-demand” architecture solution. This needed a high level of data and transaction security including rigorous fault tolerance with high up-time SLAs.
MajorKey implemented an AWS solution and provided ongoing AWS Managed Services post-launch to locate all development, testing, and production environments allowing for instant scaling in a ”pay for what you use” model. Amazon CloudWatch services allowed MajorKey to monitor cloud use 24x5 with full real-time supervision. World-class DevOps best practices and tools were used to maintain the environment. Our flexibility allowed the marketplace to update servers and enable more instances on-demand with Amazon Machine Images (AMI).
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.
See how we’ve helped our clients
The best way to get to know the kinds of challenges we address, the way we work with customers, and the impact we make… is to ask our customers.
Dive into some of our recent success stories:
Major national bank – automation and accountability
Our client, a major national bank, operates as a highly regulated business which also prides itself on its service and support.
Fortune 500 Insurance Company – Protecting what’s most important.
Over the years, our client has grown to become one of the world’s largest insurance and financial services companies.
National telecoms company – Making the right connections
Our Chicago-based telecoms client provides millions of customers with world-class connectivity – an ambition wholly dependent on deploying top quality technology both front and back-of-house.