Altcoin News: Amazon Announces General Availability of Its Managed Blockchain

May 1, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The Amazon Web Services (AWS) cloud computing platform, owned by the tech giant Amazon, has opened shared access to the Amazon Managed Blockchain (AMB) service.

According to the press release, the product will allow the company’s customers to develop blockchain networks based on Ethereum and Hyperledger platforms. As Amazon claims, AMB can scale to support millions of transactions.

According to company representatives, the BaaS concept will allow enterprises to develop their own networks faster and at lower cost, because the service eliminates the need to provide equipment, install software, create and manage certificates for access, and also monitor and configure network parameters.

“Customers want to use blockchain frameworks like Hyperledger Fabric and Ethereum to create blockchain networks so they can conduct business quickly, with an immutable record of transactions, but without the need for a centralized authority. However, they find these frameworks difficult to install, configure, and manage,” said Rahul Pathak, General Manager, Amazon Managed Blockchain at AWS.

According to the announcement, the main firms that have already implemented AMB are AT & T, the American communications giant, Nestlé, a food and beverage company, and the Singapore Exchange (SGX).

Amazon first introduced a service to develop blockchain networks last fall. At the same time, the company announced the launch of the ICON Development Network project, which will allow developers to “launch the ICON private blockchain through AWS without any difficulty.”

Author: Marko Vidrih