AWS announces availability of Amazon Managed Blockchain service

Amazon Web Services (AWS) has announced the market availability of its Amazon Managed Blockchain (AMB) service, which is designed to help companies develop and manage scalable blockchain networks.

The platform extends its support to thousands of applications and millions of transactions via open source frameworks, such as Ethereum and Hyperledger Fabric. Those intending to permit multiple parties to perform transactions and maintain a cryptographically verifiable record of them without the need for a trusted, central authority can easily setup a blockchain network across multiple AWS accounts with the help of AWS Management Console.

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Rahul Pathak, general manager, Amazon Managed Blockchain at AWS, said: “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.

“Amazon Managed Blockchain takes care of provisioning nodes, setting up the network, managing certificates and security, and scaling the network,” Pathak added. “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.”

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