Amazon Web Services’ Managed Blockchain Service goes live to take Blockchain mainstream


Amazon Web Services Inc., an company has launched its Amazon Managed Blockchain service to make it easy to create and manage scalable blockchain networks for companies and individuals.

Amazon Managed Blockchain scales to support thousands of applications and millions of transactions using popular open source frameworks like Hyperledger Fabric and Ethereum.

For customers in businesses like finance, logistics, retail, and energy that need to perform transactions quickly across multiple entities, blockchain gives them the ability to execute contracts and share data, with an immutable record of the transactions, but without the need for a trusted, central authority.

Each member of a blockchain network needs hardware, install software, create and manage certificates for access control, and configure network settings among others. AWS Blockchain will remove the sweat of scaling the network, including monitoring resources across all nodes, adding or removing hardware, and managing the availability of the entire network.

Amazon Managed Blockchain is a fully managed blockchain service that makes it easy and cost effective for customers to create and manage secure blockchain networks that can scale to support thousands of applications running millions of transactions. Customers simply choose their preferred framework (Hyperledger Fabric is supported at launch with Ethereum support coming later this year), add network members, and configure the member nodes that process transaction requests. Amazon Managed Blockchain takes care of the rest, creating a blockchain network that can span multiple AWS accounts and configuring the software, security, and network settings.

For entrepreneurs, Rahul Pathak, General Manager, Amazon Managed Blockchain at AWS assured the public that, “Amazon Managed Blockchain takes care of provisioning nodes, setting up the network, managing certificates and security, and scaling the network. Customers can now get a functioning blockchain network set up quickly and easily, so they can focus on application development instead of keeping a blockchain network up and running.”

READ  New cryptocurrency marketplace Coindirect launches in SA, Nigeria & Kenya

In addition to making it easy to set up and manage blockchain networks, Amazon Managed Blockchain provides simple APIs that allow customers to vote on memberships in their networks and to scale up or down more easily.

AT&T, Nestlé and Hyperledger Fabric, Singapore Exchange Limited (SGX) will lose some workers because they have been taught., MOBI, the Mobility Open Blockchain Initiative, TrackX Inc, and Accenture, a strategy, consulting, digital, technology, and operations firm.