AWS launches managed blockchain
01 May 2019 | Natalie Bannerman
Amazon Web Services (AWS) has announced the availability of Amazon Managed Blockchain, a managed service that simplifies the ability to create and manage scalable blockchain networks.
The new offering enables customers to allow various parties to carry out transactions and maintain a cryptographically verifiable record of them without the need for a trusted, central authority – enabling them to quickly setup a blockchain network with a few clicks inside the AWS management console.
“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 centralised authority. However, they find these frameworks difficult to install, configure, and manage,” said Rahul Pathak, general manager of Amazon Managed Blockchain at AWS. “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.”
In addition, Amazon Managed Blockchain scales to support thousands of applications and millions of transactions using well-known open source frameworks like Hyperledger Fabric and Ethereum.
The solution also delivers simple APIs that allow customers to vote on memberships in their networks and to scale up or down easily. It also secures certificates for access control using AWS key management service technology, removing the need for customers to set up their own secure certificate storage.
Unlike existing blockchain technologies that require custom development to extract blockchain network activity data, Amazon Managed Blockchain makes it easy to replicate transactions to Amazon Quantum Ledger Database (QLDB), which will offer a fully managed ledger database with a central trusted authority when it becomes generally available in the coming months.
The Amazon Managed Blockchain is now available in the US (North Virginia) with plans to extend to new region over the coming year.