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The tech giant Amazon is launching a blockchain service to help customers develop blockchain networks without incurring the cost of creating their own platform.
Announced Wednesday at the Amazon conference: Invent, the Amazon Managed Blockchain platform "is a fully managed service that simplifies the creation and management of scalable blockchain networks." Users can create platforms using Hyperledger Fabric or ethereum, even if the latter is not yet available.
The new platform is another aspect of Amazon Web Services, the Amazon cloud computing subsidiary that powers a large number of websites and services, including platforms such as Netflix.
"Amazon Managed Blockchain eliminates the overhead necessary to create the network and automatically scales to meet the needs of thousands of applications that execute millions of transactions," says the service website.
In addition, the company announced that the blockchain platform can store data on another database product, saying:
"Managed Blockchain can replicate an immutable copy of your blockchain network activity in the Amazon Quantum Ledger Database (QLDB), a fully managed general ledger database that allows you to easily analyze network activity outside the network and obtain information on trends. "
QLDB is not a blockchain platform, but can be used together with Amazon's blockchain product to "maintain a complete and verifiable history of data changes".
The service is currently in preview, in the sense that those interested can register. If approved, they will be able to create a blockchain network, at which point they can invite other members of Amazon Web Services or "create multiple members in your account to simulate a multi-member network", according to a FAQ section.
Amazon image through Sundry Photography / Shutterstock
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