Amazon Launches Two New Blockchain Platforms

By Rishma Banerjee

Today at the AWS re:Invent 2018 conference in Las Vegas, the reliable, scalable, and inexpensive cloud computing services of Amazon Web Services (AWS), launched two new blockchain services. Amazon Managed Service and Quantum Ledger Database, the two blockchain platforms, are expected to fulfill numerous purposes. This launch comes shortly after the Chinese division of Amazon’s computing arm collaborated with Qtum (QTUM), in order to expand the hosting service’s blockchain-as-a-service (BaaS) offerings by capitalizing on the QTUM blockchain network.  This partnership has also facilitated the development of the two blockchain services.

Amazon Managed Service will allow users to use the popular open source frameworks on Ethereum and Hyperledger Fabric to create and manage Blockchain networks. All a user will just have to make a make a few clicks in order to remove the overhead which is necessary for the creation of the network. The service is so designed that it can handle several applications at a time, which in turn will be running numerous transactions. Andy Jassy, the Chief Executive Officer of Amazon Web Service revealed that this new innovation will make the process of building on the two most well-known blockchain frameworks, a lot easier for the user. In his statements, he says that

“this service is going to make it much easier for you to use the two most popular blockchain frameworks [of Hyperledger Fabric and Ethereum]”

While on the other hand, The Quantum Ledger Database (QLDB) has been designed to enable users to track each and every application data change, as well as help in the maintenance of the entire, confirmable history of all the changes, that get recorded over time. The main objective of this is to get rid of the stress that comes with the building of your own ledger-like application.

The CEO, in an attempt to explain Quantum Ledger said that

“It will be really scalable, you’ll have a much more flexible and robust set of APIs for you to make any kind of changes or adjustments to the ledger database.”