Amazon Web Services (AWS) has set its foot in the Blockchain market by introducing the general availability of Amazon Managed Blockchain (AMB) service in the digital world to help companies develop and manage scalable Blockchain networks.
Thousands of applications and millions of transactions via open source frameworks such as Ethereum and Hyper Ledger Fabric can now be supported by AMB services. AWS management console will help companies who intend to permit multiple parties to perform transactions and maintain a cryptographically verifiable record of their organization without requiring a trusted, central authority by just establishing a Blockchain network across multiple AWS accounts.
Customers who have created a Blockchain network using Ethereum and Hyper ledger Fabric as Blockchain frameworks to conduct the business quickly and easily, with an immutable record of transactions without any central authority, have experienced difficulties in installing, configuring and managing these frameworks. So to overcome these challenges AWS came up with Amazon Managed Blockchain which administers provisioning nodes, help setting up the network, manages certificates and security, and scales the network.
Customers can now avail a functioning Blockchain network set up quickly and easily to focus on their core application development rather struggling to keep a Blockchain network up and live.