Recently, Amazon has launched "Amazon Managed Blockchain", a new service to help clients develop blockchain networks without incurring the costs of creating their own platform.
According to the company, the service can be used to manage peer-to-peer payments, process loans, and help businesses transact with distributors and suppliers.
Amazon Managed Blockchain supports two popular open source blockchain frameworks - Ethereum and Hyperledger Fabric. You can choose the one that best fits your needs.
"Amazon Managed Blockchain is a fully managed service that allows you to set up and manage a scalable blockchain network with just a few clicks. Amazon Managed Blockchain eliminates the overhead required to create the network, and automatically scales to meet the demands of thousands of applications running millions of transactions." the official website says.
Source: Amazon
For the security the service secures your network’s certificates with AWS Key Management Service (KMS), thus eliminating the need to set up your own secure key storage.
Additionally, the company explained that the blockchain platform can store data on another database product.
“Managed Blockchain can replicate an immutable copy of your blockchain network activity into Amazon Quantum Ledger Database (QLDB), a fully managed ledger database. This allows you to easily analyze the network activity outside the network and gain insights into trends.”
The Amazon Managed Blockchain preview is currently available in the US East (N. Virginia). It will be available in more regions soon.
Get the weekly commit
New blockchain deep dives every week.
