Amazon Web Services Announces General Availability of Amazon Managed Blockchain

Amazon Web Services Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced on Wednesday the general availability of Amazon Managed Blockchain, a fully managed service that makes it easy to create and manage scalable blockchain networks.  AWS revealed:

“Customers who want to allow multiple parties to execute transactions and maintain a cryptographically verifiable record of them without the need for a trusted, central authority can quickly setup a blockchain network spanning multiple AWS accounts with a few clicks in the AWS Management Console. Amazon Managed Blockchain scales to support thousands of applications and millions of transactions using popular open source frameworks like Hyperledger Fabric and Ethereum.”

While sharing more details about the service, Rahul Pathak, General Manager, Amazon Managed Blockchain at AWS, stated:

“Customers want to use blockchain frameworks like Hyperledger Fabric and Ethereum to create blockchain networks so they can conduct business quickly, with an immutable record of transactions, but without the need for a centralized authority. However, they find these frameworks difficult to install, configure, and manage. 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.”

AWS went on to add that Amazon Managed Blockchain offers a range of instances with different combinations of compute and memory capacity to give customers the ability to choose the right mix of resources for their blockchain applications.

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