Amazon’s cloud arm, AWS has now joined the big players in the blockchain by announcing the general availability of its own Managed Blockchain. The Amazon Managed Blockchain will make it easy to create and manage scalable blockchain networks.
AWS customers will now be able to use the new service to carry out transactions and maintain cryptographically verifiable records of them. The service will be giving a customer the power to create a blockchain network that uses multiple AWS accounts with just a few clicks in the AWS Management Console. Customers will also have access to APIs which will allow them to vote on memberships in their networks.
Commenting on the ease of using the blockchain service Rahul Pathak, GM of Amazon Managed Blockchain of AWS said: “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.”
Large multinationals like Nestle, AT&T Business, and Accenture are already onboard and have already signed up for Amazon Managed Blockchain. More are expected to follow suit soon. The Amazon Managed Blockchain is now available in the U.S. East and is expected to expand to additional regions in the coming months.
Vietnam shuts down one of its hottest Instagram spots over safety fears—again
Tencent plans to divest its $24B stake in Meituan
Hyundai plans to electrify its high-performance N brand
Iran cuts cost of its oil to compete with Russia in China
Toyota recalls its first ever all-electric vehicle
© 2022 CIO Bulletin. All rights reserved.