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Amazon is in the blockchain business in a big way. Its Amazon Managed Blockchain is a fully managed service designed to help companies quickly create their own blockchain networks that are scalable and easy to create and manage. Originally announced at the company's re: Invent event in late 2018, Amazon Managed Blockchain has been in preview for months. It's now available, arriving first in northern Virginia before expanding to other regions over the next year.
In a press release, Amazon said that your business "can quickly setup a blockchain network spanning multiple AWS accounts with a few clicks in the AWS Management Console," . AMB supports two frameworks – your business choice of Ethereum or Hyperledger Fabric. The former is the fruit of the combined labors of IBM and the Linux Foundation – part of the Hyperledger Project, which in turn is part of IBM Blockchain, has Performance-as-a-Service offering. Notably, Ethereum is not actually supported yet; that's also scheduled for later in the year.
"Customers simply choose their preferred framework […] add network members, and configure the nodes node that process transaction requests. Amazon Managed Blockchain, a blockchain, a network of multiple sources, and network security, Amazon.
The company said that AMB supports thousands of applications running millions of transactions. Amazon also provides its AMB customers with the Amazon Quantum Ledger Database (QLDB).
Blockchain is often erroneously conflated with cryptocurrency; the badociation between the two is indeed close, but that's because blockchain is the technology that allows crypto to function. On the first day of the year, the announcement was made by Amazon spokesperson, who said it was going to be on the AMB journey. Amazon Managed Blockchain's services and feature set is what emerged from those efforts.
We reached out to Amazon for further comment and will update accordingly.
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