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Amazon Web Services launches a managed Blockchain service and a Quantum Ledger database



In mid-October, the crypto-verses were enthusiastic when Amazon Web Services (AWS) announced a new partnership with Qtum (QTUM). The partnership was between the AWS China Division and the second blockchain project. In the same period, the Tron Foundation (TRX) announced a new partnership with Baidu: a dominant cloud service provider.

Amazon Web Services launches a managed Blockchain service and a Quantum Ledger database

Amazon's online retail giant through Amazon Web Services (AWS) today launched two new blockchain services: Quantum Ledger Database and Amazon Managed Service.

In the case of the Amazon managed service, is a fully managed service that allows users to create and manage blockchain networks using the famous open source frameworks on Hyperledger Fabric and Ethereum. With just a few clicks, the service eliminates the overhead necessary to create the network. It automatically scales to meet the demand for applications that execute millions of transactions.

AWS CEO Andy Jassy explained the following:

This service will make it much easier to use the two most famous blockchain frameworks [of Hyperledger Fabric and Ethereum]…

When we heard people say "blockchain", we felt like they had their strange interpretation and confusion what they really wanted. And as we spent time working with clients and understanding the jobs they were really trying to solve, that's what we think people are trying to do with blockchain.

On the other hand, the Amazon Quantum Ledger Database (QLDB) is a fully managed general ledger database that provides a transparent, immutable and cryptographically verifiable transaction log owned by a reliable central authority. QLDB keeps track of every single change of application data and keeps a complete and verifiable chronology of changes over time.

Andy Jassy added the following regarding the QLDB:

It will be really scalable, you'll have a much more flexible and robust API set to make any kind of modification or adjustment to the ledger database.

The primary goal of Amazon QLDB is to eliminate the need to engage in the arduous development efforts of creating their own applications similar to ledger.

What are your opinions on Amazon Web Service which starts a managed Blockchain service and a Quantum Ledger database? Let us know in the comments section below.


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