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AWS has released two blockchain products last week
Karnataka has launched a blockchain-based IP registry
Aarzoo Search is building a blockchain-based web search engine
"AWS does not create technology because we think it's beautiful"
Last year, this was the response of Amazon Web Services (AWS) CEO Andy Jassy to a question about his team's plans for a blockchain service at AWS: Invent's annual conference. Not thrilled by the prospect, despite the booming price of Bitcoin in those days, Jassy said that there are not many cases of use of the blockchain "beyond the distributed ledger".
A year later, on re: Invent 2018, held last week, AWS turned to Blockchain, with a service called the Amazon Quantum Ledger Database (QLDB), a fully managed general ledger database. It is said that the service has the ability to automatically scale up or down as needed and can run from two to three more transactions, said AWS, compared to existing products.
For use cases that require decentralized trust and need blockchain, AWS is also introducing a product called the Amazon Managed Blockchain Service.
With Amazon's track record of breaking entire markets, you know that things are about to become series in the blockchain business.
AWS also presented a comprehensive presentation on the blockchain at the Re: Invent 2018 conference covering everything that is essential to use cases for the company's intent in the industry. If you are in the business blockchain, this video of the AWS presentation falls under an essential vision.
Blockchain News from India
Koinex opens Blockchain Research Center
One of India's leading digital goods exchanges, Koinex said it had opened a new development center in Bengaluru on December 4th. This marks the company's first foray into blockchain solutions. The company plans to implement blockchain technology to combat issues such as data tampering, high transaction fees and intermediary interference.
Karnataka Walks The Talk
In a first state, Karnataka launched a blockchain-based IP (intellectual property) registry platform. Prime Minister HD Kumaraswamy said that the initiative was taken to improve transparency and effectiveness.
Maintaining its status as a technology leader among the Indian states, the Karnataka government has identified five cases of use for the implementation of blockchain technology, including land registration records.
In a conversation with Inc42, Gaurav Gupta, principal secretary of Commerce and Industry, Information Technology, BT and Science and Technology of Karnataka, said that the incubation and maintenance of startups in these areas is already in course.
An incorruptible search engine powered by blockchain
Working on his blockchain-based search engine called Aarzoo Search, Vinod Sujan, founder and CEO of Aarzoo Search, told Livemint that a blockchain-based search engine would be "incorruptible from promoted or sponsored data".
With plans to launch on August 15, 2019, Sujan said his company will aim to sell the search engine to companies that rely on unfiltered results without the search engine's algorithm
"Google is behind the curve of blockchain technology". "It will take 3-4 years to reach" Vinod Sujan, CEO, Aarzoo Search
Blockchain News from around the world
The handy CB Insights map on emerging Blockchain trends
The always informative CBInsights has published a list of some of the world's most pioneering blockchain trends evaluated by industry adoption and market strength. While Bitcoin mining strongly values the adoption of the sector, the report shows that Initial Coin Offerings (ICOs) and data marketplaces were still in a nascent phase.
(Source: CBInsights)
The world's first blockchain oil and gas market goes live
VAKT Global, based in the UK, has launched a secure, real-time, block-based digital platform for commodity trading.
The trading platform, which is supported by major oil companies such as Shell and BP, aims to be the "first-grade blockchain" solution in the oil and gas market.
The platform should help commercial companies replace paperwork with smart contracts by making the whole negotiation process more automatic and efficient.
The main Crypto Exchange builds its own Blockchain
Binance, the largest exchange in the world encrypted by volume of trade, has tweeted December 4 that will launch its blockchain called "Binance Chain" in the "coming months".
The new blockchain supported by Binance aims to provide a basis for the creation of new cryptocurrencies and tokens Initial Coin Offering (ICO), the company said.
Binance manages a daily trading volume of about $ 587 billion (INR 1,43 Lakh Cr).
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