Amazon Web Services

Amazon has made it into the blockchain industry, and on April 30, the company announced that its subsidiary Amazon Web Services was launching its Amazon Managed Blockchain (AMB).

Hyperleger Fabric & Ethereum Frameworks

Amazon Web Services has said that its AMB is designed to allow companies and customers to easily create a blockchain network that is simple and scalable to manage and uses the Hyperledger and Ethereum open source frameworks.  The Hyperledger Fabric is a product of Linux foundation and IBM as part of the IBM Blockchain, which is a Performance-as-a-service. Ethereum is not yet supported, but there are plans to have it on board later this year.

Amazon Web Services has been in preview since last year, and now it will be available in Northern Virginia first before extending to the rest of the country next year.

/**/

Rahul Pathak, the Amazon Web Services General Manager for AMB, stated that the blockchain-as-a-service will enable most companies to easily create their blockchain networks at a low cost. This will be helpful in eliminating the need to install software, provide hardware configure network settings as well as creating and managing access control certificates.

>> Another Fan Token: WestHam Soccer Club Signs with Socios.com

Add Members to Your Network

The company indicated that with the Amazon Web Services’ customers can select their preferred framework and once they add members to the network they need to configure the member nodes so that they start processing transactions. The AMB does the rest by creating a network that can extend through various Amazon Web Services accounts while configuring the network, security, and software settings.

AMB has the capability of supporting numerous applications that run multiple transactions. Besides AMB, Amazon Web Services also provides customers with Amazon Quantum Ledger Database (QLDB) to help in performing additional analytics.

Already, communication giant AT&T Inc, food and beverage company Nestle, and Singapore Exchange Limited have implemented the AMB.

Featured image: DepositPhotos © dennizn

/* p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media(min-width:1228px){ .crec-image img{ width:191px; height:100px; } } @media (max-width: 1228px) { .crec-ad { width: 50%; box-sizing:border-box; } .crec-image img{ width:100%; height:158px; } .crec-ad:last-child { width: 50%; padding-right: 4px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-image img{ height:auto; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }
/*]]>*/

/**/

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

Crypto casinos
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin56,850 1.13 % 1.16 % 1.56 %
Ethereum4,582.7 1.23 % 1.55 % 5.22 %
Binance Coin627.02 1.39 % 0.71 % 5.65 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Solana225.66 2.07 % 5.97 % 1.60 %
Cardano1.550 1.32 % 0.99 % 11.48 %
XRP0.9867 1.03 % 1.98 % 7.49 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
Dogecoin0.2215 0.68 % 1.42 % 7.23 %

bitcoin
Bitcoin (BTC) $ 57,012.00
ethereum
Ethereum (ETH) $ 4,598.48
binance-coin
Binance Coin (BNB) $ 628.73
tether
Tether (USDT) $ 0.998128
solana
Solana (SOL) $ 225.96
cardano
Cardano (ADA) $ 1.56
xrp
XRP (XRP) $ 0.992936
polkadot
Polkadot (DOT) $ 36.92
usd-coin
USD Coin (USDC) $ 0.998164
dogecoin
Dogecoin (DOGE) $ 0.20848