Ethereum

Amazon Managed Blockchain Powered By Ethereum – AT&T And Nestlé Already On Board

The Amazon Web Services platform, which is the largest cloud computing service by market share, has made its Amazon Managed Blockchain (AMB) service generally available, the company announced.

The service is aimed at enterprise customers and will allow them to build their blockchain networks for their organizations. The service is stated as being convenient, inexpensive, and efficient. The announcement reads,

Customers who want to allow multiple parties to execute transactions and maintain a cryptographically verifiable record of them without the need for a trusted, central authority can quickly setup a blockchain network spanning multiple AWS accounts with a few clicks in the AWS Management Console. Amazon Managed Blockchain scales to support thousands of applications and millions of transactions using popular open source frameworks like Hyperledger Fabric and Ethereum.

Rahul Pathak, General Manager of Amazon Managed Blockchain at AWS, said of the difficulty that businesses face in setting up a blockchain network,

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. 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.

Aside from making blockchain deployment simpler and quicker, the service will also feature APIs that allow users to vote on memberships in the network.

Representatives from several established businesses, like Nestle, AT&T, and MOBI, spoke positively of the service and their use of it.

Blockchain-as-a-Service (BaaS) is a popular niche in the industry and several projects, such as Stratis, are working to offer established entities a solution for the upcoming decentralized age, giving them the tools they need to deploy blockchain networks quickly.

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

Share
Published by
Abhimanyu Krishnan

Recent Posts

Is A Silicon City Tech Giant Behind BlockDAG Network As Its $11.4M Presale Outcasts Floki Inu Price Surge Amid BOME Fluctuation

With Floki Inu's next bull run approaching, investors are closely monitoring its innovative token burn…

2 weeks ago

BlockDAG Becomes Top Crypto Investment Choice with $9.9M Presale, Beating Fantom & Apecoin

BlockDAG (BDAG) has continued to stand out with its innovative presale strategy, offering early investors…

2 weeks ago

Render and Dogecoin Price Predictions Defy Expectations As BlockDAG Emerges as the Highest ROI Crypto for 2024

As we venture into 2024, the crypto market is brimming with potential for unprecedented growth.…

2 weeks ago

Solana’s 20% Trading Spike Sparks BlockDAG Presale Interest While Memeinator Presale Reaches Edge

This analysis contrasts the flourishing momentum of BlockDAG coin's presale against the backdrop of the…

3 weeks ago

CryptoGames Review: Bitcoin and Altcoin Casino

Ever wondered what it is like to experience the extravagant casino vibes in the comfort…

2 years ago