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.
Frequently Asked Questions
Providing tailored solutions based on a wide range of blockchain platforms allows us to meet the unique needs of your project. We specialize in Ethereum, a leading smart contract platform, leveraging Solidity for DApp and smart contract development. Our expertise extends to Ethereum-compatible networks such as Binance Smart Chain, facilitating seamless migration. Hyperledger Fabric, a permissioned blockchain framework, and Go and Node.js are used for enterprise-grade solutions.
Smart contracts are self-executing contracts with code that automates predefined actions when certain conditions are met. With our expertise in decentralized applications (DApps), we can create applications that operate on blockchain networks, offering enhanced security and transparency. Providing a controlled and secure environment for your business operations, we deploy private blockchain networks. In addition, we offer token development, blockchain consulting, and custom consensus mechanisms to meet your specific needs. Our technical proficiency and comprehensive blockchain solutions are poised to meet your unique objectives, whether you want to streamline supply chain operations, enhance data security, or explore the possibilities of blockchain-based applications.
Yes, We specialize in providing tailored blockchain development services tailored to the unique and intricate requirements of your project. Expert blockchain developers create custom solutions that encompass smart contract development, consensus algorithms, and decentralized applications (DApps). Our meticulous alignment of blockchain technology with your specific needs ensures the creation of a bespoke solution that maximizes functionality, security, and scalability. Our team has the expertise to deliver precisely tailored blockchain solutions to meet your technical and business needs, whether you require a private blockchain network, a complex DApp, or the implementation of a custom consensus mechanism.
Blockchain services offer transformative solutions with applicability across various industries. Sectors such as finance benefit from enhanced security and streamlined transactions, while supply chain management gains from traceability and accountability. Healthcare leverages data security, and real estate benefits from transparent transactions. Additionally, logistics, government, energy, and entertainment industries can optimize processes, reduce costs, and improve trust and efficiency through blockchain services, making the technology versatile and impactful across a broad spectrum of fields.
The blockchain services industry encompasses solutions and expertise aimed at leveraging the power of blockchain technology. A blockchain is a distributed ledger that offers transparency, security, and decentralization. With blockchain services, businesses can leverage this technology, resulting in several key benefits:
- Data Security: Blockchain’s cryptographic techniques and decentralized structure enhance data security.
- Transparency and Trust: A public ledger promotes transparency by recording transactions and data. A transparent company builds trust among users, partners, and customers, which is particularly useful in trust-sensitive industries.
- Efficiency and Cost Savings: The blockchain eliminates intermediaries, reducing costs and speeding up processes.
- Decentralized Applications (DApps): Blockchain services can enhance privacy and control over data in decentralized applications. User engagement can be driven by these DApps.
- Efficient Supply Chain Management: Traceability and accountability are enhanced with blockchain in supply chain management. Fraud and errors can be reduced by tracking products.
- Scalability: Blockchain services are designed to scale with your business, ensuring that your system can handle growing transaction loads as your project expands.
Navdeep Garg
I'm founder and CEO of Revinfotech Inc. I traits in leadership and brilliant practitioner in the Financial Services and FinTech. I helped ban in connecting to the FinTech ecosystem through payment acceptance in blockchain as a service and even help i... read more