Amazon Web Services Launches AMB, Amazon Managed Blockchain Service

by | May 1, 2019 | Blockchain, Cryptocurrency, Cryptocurrency News

Amazon | Amazon Web Services | AWS | AMB | Amazon Managed Blockchain

Amazon’s cloud computing platform subsidiary, Amazon Web Services (AWS) has made its Amazon Managed Blockchain (AMB) public to enable customers to set up blockchain networks within their organizations, as per an announcement on April 30.

In order to achieve the said use, the product will employ Ethereum and Hyperledger open source frameworks. Amazon specifically notes that AMB can scale to support thousands to millions of transactions. The retail giant further adds that the blockchain-as-a-service (BaaS), will not only allow the businesses to develop their own networks quickly but at a lower cost as well by eliminating the need “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 elaborates further:

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

The announcement further states that major firms that have implemented AMB include United States communications giant AT&T, the Nestlé global food and beverage company and Singapore Exchange Limited. AMB was announced by AWS in November of last year along with the Amazon Quantum Ledger Database (QLDB).

The  QLDB is a ledger database designed to provide a transparent, immutable, and cryptographically verifiable log of transactions, which is overseen by a central authority.

Read more: Two Culprits Charged For Shadow Banking Crypto Companies

Image Source – Stock Photo Secrets

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