Amazon Web Services launches platform for creating blockchain networks

Amazon Web Services launches platform for creating blockchain networks

Amazon Web Services, the cloud computing division of US tech and e-commerce giant Amazon Inc, announced yesterday that its blockchain service had become available to customers. The service, called Amazon Managed Blockchain had spent the five months since its late November launch in a preview mode.

The service is designed to allow customers to easily create and manage scalable blockchain networks that use the Hyperledger Fabric open source framework. AWS is also working on adding support for the Ethereum blockchain. In addition, the platform also provides simple APIs that allow customers to vote on memberships in their networks and to scale up or down more easily.

“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,” Rahul Pathak, general manager for the platform at AWS, said in a statement.

“Amazon Managed Blockchain 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,” Pathak added.

At the moment, the service is available in AWS’ US East region (North Virginia), but Amazon promises to expand to more regions “in the coming year”. Meanwhile, the AWS has managed to attract interest from several major enterprise customers, namely AT&T Business, Nestle, Accenture and Singapore Exchange Limited (SGX). The Mobility Open Blockchain Initiative (MOBI) and enterprise asset management company TrackX are also using the platform. MOBI’s founder and chief executive officer Chris Ballinger said in a statement that Amazon Managed Blockchain allowed users to create Hyperledger Fabric network in minutes and easily invite other partners to join.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.