Amazon Web Services has launched ‘Amazon Managed Blockchain’

Amazon Web Services (AWS), Amazons cloud computing platform subsidiary has now made its Amazon Managed Blockchain (AMB) services publicly available.

The AMB is described as a ‘fully managed service that makes it easy to create and manage scalable blockchain networks using the popular open source frameworks Hyperledger Fabric and Ethereum’

The company states that the AMB will allow users to operate a fully managed service that is easy to set up but also to manage and scale a block-chain network.

Extra efficiencies should be expected as AMB states their service ‘eliminates the overhead required to create the network, and automatically scales to meet the demands of thousands of applications running millions of transactions’. Electroneum (ETN) a Fintech/Crypto company has previously stated their involvement with AWS due to their ability to help them scale as the company grows

The 3 main use cases for the Managed Blockchain include Trading and asset transfer, retail, supply chain, all with a heavy emphasis on the decentralisation, improved efficiency but also the economic advantages to all involved.

The AWS website already boasts several tier one organisations either as partners or customers to the AMB. These include Nestle, Accenture, PHILIPS and GE Aviation.

The AMB is the latest blockchain orientated service to be launched but could be quickly followed by the Amazon Quantum Ledger Database (QLDB). This is reported to be a ledger database that is a transparent, immutable, and cryptographically verifiable log of transactions which are overseen by a central authority. AWS are now offering a preview of this service to account holders.

Amazon Web Services are positively supporting the decentralised nature of block-chain technology, an area that appears to be growing as more businesses adopt its use.

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