Introduction

Amazon’s cloud computing platform subsidiary, Amazon Web Services after announcing that they were launching a managed blockchain service late last year, is now opening that service for general availability. Amazon specifically states that AMB can scale to support thousands to millions of transactions. The retail giant further adds that the Blockchain-as-a-Service (BaaS), will allow the businesses to develop their networks quickly and that also at a lower cost by eliminating the need “to provision hardware, install software, create and manage certificates for access control, and configure network settings.”

Rahul Pathak, General Manager of Amazon Managed Blockchain  at AWS says:

“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.”

Amazon Managed Blockchain is a fully managed service that makes it easy to create and manage scalable Blockchain networks using the popular open-source frameworks Hyperledger Fabric and Ethereum. 

The announcement further states that major firms that have put into effect the AMB include the United States communications giant AT&T, the Nestle global food and beverage company, and Singapore exchange limited. AMB was announced by AWS in November 2018 along with the Amazon Quantum Ledger Database (QLDB) which is a fully managed ledger database created to provide users with a transparent, immutable, and cryptographically verifiable log of transactions which is controlled by a central authority.