Last Updated on by
The tech giant Amazon has been lately creating waves in the blockchain industry. Recently, it announced for Amazon Managed Blockchain (AMB). Amazon Managed Blockchain is available on its Amazon Web Services (AWS).
Amazon Managed Blockchain is designed to help companies develop and manage scalable blockchain networks.
Amazon Managed Blockchain is a platform that will support thousands of applications and millions of transactions on open source frameworks such as Ethereum and Hyperledger Fabric.
This blockchain network can be used across multiple AWS accounts with the help of AWS Management Console. It is to manage multiple parties to perform transactions and maintain a cryptographically verifiable record of the transactions. All the blockchain features like being trust-less, decentralised – no need for central authority will apply to this as well.
Customers will thus use blockchain frameworks like Hyperledger Fabric and Ethereum to create blockchain networks with immutable record of the transactions on Amazon Managed Blockchain.
Amazon Managed Blockchain will help in provisioning nodes and setting networks. It will also manage certificates and security, besides scaling the network.
The advantage is that we can focus more on application development rather than worrying on functioning and keeping the blockchain network up and running.