Amazon Web services launches managed blockchain service

[Joankii]

Amazon Web Services (AWS), the cloud computing platform subsidiary of retail giant Amazon, has made its Amazon Managed Blockchain (AMB) generally available, according to an announcement on April 30.

The product will purportedly allow customers to set up blockchain networks within their organizations, and uses the Ethereum and Hyperledger open source frameworks. Notably, Amazon states that AMB can scale to support thousands to millions of transactions.

Amazon states that the blockchain-as-a-service (BaaS) will allow businesses to develop their own networks more quickly and at a lower cost, as it eliminates the need to “to provision hardware, install software, create and manage certificates for access control, and configure network settings.” Rahul Pathak, General Manager, Amazon Managed Blockchain at AWS said:

“Amazon Managed Blockchain takes care of provisioning nodes, setting up the network, managing certificates and security, and scaling the network.”

According to AWS’ announcement, major firms that have implemented AMB include United States communications giant AT&T, the Nestlé global food and beverage company and Singapore Exchange Limited.

AWS initially announced AMB in November of last year along with the Amazon Quantum Ledger Database (QLDB). QLDB is a ledger database designed to provide transparent, immutable, and cryptographically verifiable log of transactions, which is overseen by a central authority.

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[khufuking]

When big companies like Amazon start to do services related to the blockchain it is for sure a good and positive thing for Blockchain invention also to Crypto industry but not in a direct way as we know Blockchain is not Crypto it is the technology that Crypto is building on. Anyway, we really need every positive news in times like this even if it is not directly related to Crypto.

[Midz]

When big companies like Amazon start to do services related to the blockchain it is for sure a good and positive thing for Blockchain invention also to Crypto industry but not in a direct way as we know Blockchain is not Crypto it is the technology that Crypto is building on. Anyway, we really need every positive news in times like this even if it is not directly related to Crypto.

News companies adopting blockchain technology will often occur. But they don't necessarily use cryptocurrency for everything they do. It is our refusal to continue to be aware of the price of cryptocurrency

[Heleon]

My conclusion is that, if something positive is happening to blockchain then cryptocurrency will also feel the effect for sure. It is good news for the crypto community.

[Midz]

My conclusion is that, if something positive is happening to blockchain then cryptocurrency will also feel the effect for sure. It is good news for the crypto community.

maybe it can, but the cryptocurrency is a different working system. because the company uses the blockchain for simple systems and transactions while crypto is used for payment instruments and other things