Abstract : Amazon Managed Blockchain allows users easy to create and manage scalable blockchain network through Ethereum and Hyperledger Fabric.
November 29 (ChainDD) Amazon’s cloud computing subsidiary Amazon Web Service (AWS) released two new blockchain services: Quantum Ledger Database and Amazon Managed Blockchain. The latter, as the name implies is a managed blockchain service, starts supporting Hyperledger Fabric from the release date November 28 EST and will support Ethereum in a couple of months.
Amazon Managed Blockchain allows users easy to create and manage scalable blockchain network through Ethereum and Hyperledger Fabric. With only a few clicks on AWS Management Console, user can set up a blockchain network. AWS CEO Andy Jassy said the service is going to make it much easier to use the two most popular blockchain frameworks. AWS promises that the service will scale to thousands of applications and will allow users to run millions of transactions.
Quantum Ledger Database, called QLDB for short, is a cryptographically verifiable ledger database under the full management of a central trusted authority. The service offers an immutable journal that tracks history of all changes and only allows appending.
Jassy explained that there are two main reasons that organizations interested in using blockchain. Some of them want a ledger managed by a centralized trusted entity, since existing ledgers didn’t perform as expected due to their building for use cases required for consensus from various parties. Another reason is the need for secure decentralized transaction processing. AWS’s users now can run two blockchain frameworks by using its new products.