Amazon Web Services Launches Blockchain Building Service To Boost Use

Amazon’s cloud computing arm, Amazon Web Services (AWS), has launched its Managed Blockchain service to create a wider coverage for its enterprise clients.

This was made known by AWS on Tuesday, who added that AT&T, Accenture, Nestle as well as many others, are already enjoying this service.

Amazon Managed Blockchain is intended to give clients the opportunity of creating and managing blockchain networks easily and also on the economic use of the open-source frameworks like Hyperledger Fabric.

However, the service was previously made available only in “preview,” to force interested firms into signing up for approval, before they are allowed to use the service.

Meanwhile, the Chief Evangelist at AWS, Jeff Barr, has confirmed that the new initiative will make the service readily available for general use.

“You can create your [blockchain] network in minutes. You can manage certificates, invite new members, and scale out peer node capacity in order to process transactions more quickly,” he said.

He noted that, the platform would be modified to accomodate the ethereum network and it is expected to be ready later in 2019.

The service is currently available only in AWS’ U.S. East (Northern Virginia) region, with plans of expanding to other areas in the “coming year.”

Nestle Oceania’s digital technology manager, Armin Nehzat, while speaking on the initiative, said:

“With Amazon Managed Blockchain, we are able to set up our Hyperledger Fabric network and easily invite our partners to collaborate in our supply chain transparency efforts. Amazon Managed Blockchain will enable our customers to track their products on the blockchain from the farm all the way through to consumption.”

More so, Andrew Koay, the head of blockchain technology of Singapore Exchange (SGX), pointed out that the securities and derivatives trading platform is working with AWS to move its existing work on Hyperledger Fabric to Amazon Managed Blockchain.

Meanwhile, AWS also listed Accenture, non-profit foundation MOBI (Mobility Open Blockchain Initiative) and enterprise asset management company TrackX, as those who are already enjoying this service.

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