Vendia’s Tim Wagner and Shruthi Rao on serverless blockchain

Hello and welcome to Protocol Enterprise! Today: why two AWS veterans believe they’ve solved the enterprise blockchain mystery, prepare for increased scrutiny of companies with ties to China, and a new round of Russian cyberattacks may be on the horizon.

The blockchain gang

According to Tim Wagner, co-founder and CEO of Vendia, the idea of ​​a cloud-centric approach to solving the challenges companies face in using the blockchain for data exchange was one of those “aha” moments.

“It’s one of those things that you feel like the heel of your hand against your forehead like, ‘Duh, why hasn’t anyone built this yet?’” Wagner said in a recent interview with Protocol.

  • Wagner and co-founder Shruthi Rao, both AWS veterans, launched Vendia in 2020.
  • They have reinterpreted the idea of ​​blockchains and distributed ledgers in a cloud-native way with Vendia Share, a fully managed and serverless platform for building decentralized data applications in real time.
  • “We have this thesis here: cloud was always the missing ingredient in blockchain, and Vendia added it,” Wagner said. “The core of our technology is a cloud-centric blockchain.”

Vendia Share allows customers to share code and data more easily across clouds, companies, geographies, accounts and technology stacks.

  • According to Rao, since transactions are immutable through the power of distributed ledger technology, businesses can see all activities and transactions without worrying about where they came from.
  • “We make sure whoever is supposed to get the data gets the data in real-time, within five milliseconds, so there’s no manual back-and-forth involved,” Rao said.
  • “And everything is in the ledger so you can see who you’ve shared [with]what you shared, when you shared… and you can do a detailed analysis of what was shared,” she said.
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A database or API that could keep company data consistent with their business partners – be it their upstream supply chains, downstream logistics or financial partners – was a compelling perspective that CIOs did not want to miss, according to Wagner.

  • But the first generation of blockchain technology ignored the cloud and presented operational hurdles, including single machine limitations, lack of throughput and scalability, high cost and difficulty of integration, according to Wagner.
  • “Sometimes we joke at Vendia that we love nothing more than a failed blockchain experiment,” he said. “Probably half of our deals in the last year are replacements for failed blockchain attempts.”
  • When Vendia Share is integrated in the cloud, there is access to essentially unlimited amounts of storage, network and processing capacity.
  • “This enables us to do things that traditional blockchains cannot: [Deliver] much higher throughput, lower latency, more computing power, much more parallelism, easier integration,” said Wagner.

Read the whole story here.

– Donna Goodison (E-mail | chirp)


Capital One’s acquisition of modern cloud and data capabilities prompted us to develop tools to operate in the cloud at scale. Capital One Software brings these solutions to market to help you accelerate your cloud and data journey. Start with Slingshot, a data management solution for Snowflake customers.

Learn more

securing the company

In today’s global landscape, cybersecurity threats are something every business doing business on the Internet faces, not just giant tech companies. In this virtual log event on October 4 at 10:00 a.m. PT, we’ll examine the current best practices for protecting large and small to medium-sized businesses and provide viewers with a real-world threat landscape and information to use in their decision-making about the strategy that best supports their business goals.

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Protocol Enterprise’s Kyle Alspach is joined by a great panel of speakers: Andrew RubinCo-Founder and CEO, Illumio; Alexander WeinertVice President and Director of Identity Security, Microsoft; Jameseka Green Aaron, Chief Information Security Officer, Auth0; and Devdatta Akhawe, Chief of Security. figma

Answer here.

China Syndrome

Fresh political winds are cooling US-China tech business relations, and perhaps more than anything right now, companies doing business in China are resenting one thing the US government might do: rules on investments made by China in the USA flow to change

To protect against cybersecurity breaches and exploitation of American data, on September 15, President Joe Biden signed an executive order directing the Committee on Foreign Investments in the United States, or CFIUS (pronounced “sif-ee-us” by foreign investment observers). , to consider examining foreign investments through the lens of national security risks.

“Everyone recognizes the need to protect US national security. However, as Congress and the administration consider new tools, such as a foreign investment screening system, it’s critical that they get real input from the business community and be specific about what they’re trying to cover,” Rory Murphy, vice president of government affairs at the US-China Business Council, Protocol said yesterday.

The oft-cited mission to ensure US leadership in emerging technology is at the heart of this potential shift. During a press briefing, a senior administration official listed a “handful of priority emerging and critical technologies such as semiconductors, quantum technologies, biotechnology and artificial intelligence, and supply chain considerations” as areas where investment reviews could take place.

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The elephant in the room here is China, a country “of particular importance” that has technology strategies that many in the US government believe threaten US leadership in areas related to national security.

However, since AI is intertwined with all industries and the technologies they use, AI deals could be subject to over-scrutiny if a CFIUS rule is too broad. “How AI is defined will be important in determining what types of transactions are covered,” Murphy said.

— Kate Kaye (E-mail | chirp)

around the company

We kind of already knew this, but evidence is mounting that Russian hackers are working with the Russian military as Ukraine begins to gain the upper hand in the seven-month war sparked by the Russian invasion, according to The Wall Street Journal.

IBM acquired Dialexa, a Texas-based hybrid cloud consulting firm, as it continues to look for ways to retain existing customers by offering cloud expertise.


Capital One’s acquisition of modern cloud and data capabilities prompted us to develop tools to operate in the cloud at scale. Capital One Software brings these solutions to market to help you accelerate your cloud and data journey. Start with Slingshot, a data management solution for Snowflake customers.

Learn more

Thanks for reading – see you Monday!

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