Amazon web services (AWS), the major cloud computing platform has announced the general availability of its Amazon managed Blockchain (AMB).
With the past decade witness a high rise in Blockchain and cryptocurrency adoption into mainstream. Millions of people across the world are now primed to join in the race with the emergence of new technology. Citing this, Amazon, the biggest retail giant who has recently launched two of its services (Amazon Blockchain managed service, AMB and Amazon quantum ledger database, QLDB) at the annual conference last year has now made its Blockchain managed service available to everyone using Hyperledger, as announced by the company on Tuesday.
Just five months ago in November 2018, Amazon web services chief executive Andy Jassy has announced the Amazon managed Blockchain, a completely managed service that Amazon believes will easily manage scalability and development of Blockchain networks along with the QLDB.
AWS expects that being a decentralized ledger technology, its Blockchain managed service will better assist the customers who want to execute the transaction with multiple parties and maintain an immutable record for each of them, without involving any intermediate or middle man in the process.
This decentralized Amazon services will allow customers to quickly set up and select the two most popular frameworks, i.e. it tends to support hyper ledger fabric and ethereum. Announcing the launch of the services for everyone today, AWS said the application is currently available for Hyperledger support while they are planning to launch the ethereum support, a few months later from now.
Thus, Amazon Blockchain as a Service will offer business opportunity to create their own network of their preference at a low cost, by “provisioning nodes, setting up the network, managing certificates and security and scaling the network.” As stated by GM of Amazon managed Blockchain, Rahul Pathak on yesterday.
According to the announcement by AWS, AT&T, Nestle (global food and Beverage Company) and Singapore exchange limited are among the major firms that have already implemented Amazon Blockchain service and now the company is seeking to move forward in finance, logistic, retail, energy sectors to span its operation.