Amazon launches new block chain service

0
2

Amazon’s blockchain service, Amazon Managed Blockchain (AMB), is now generally available in northern Virginia, and will be expanding into other regions over the next year.

AMB, which was first announced at the company’s re:Invent event in late 2018, allows businesses to create and manage scalable blockchain networks. Using the service, customers can setup a blockchain “spanning multiple AWS accounts

with a few clicks”. It will support two frameworks: Ethereum or Hyperledger, although Ethereum is not yet supported and has been scheduled for later in the year.

“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,” remarked Rahul Pathak, general manager, Amazon Managed Blockchain at AWS.

“AMB 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.”

Amazon has revealed that AMB supports thousands of applications running millions of transactions and boasts of several high-profile clients already, including food giant Nestlé.