Amazon has just announced its new managed service enabling users to be able to create manage scalable blockchain networks.
The service called Amazon Managed Blockchain is currently available in North Virginia after the company announced the blockchain-as-a-service (BaaS) at its AWS re:Invent conference in November 2018.
Jeff Barr, chief evangelist at Amazon Web Services commented that the service can be used to create scalable blockchain networks that use the Hyperledger Fabric open source framework, with Ethereum in the works, adding:
“You can create your network in minutes. Once created, you can easily manage and maintain your blockchain network. You can manage certificates, invite new members, and scale out peer node capacity in order to process transactions more quickly.”
Michael Fauscette, chief research officer of G2 Crowd, a business-to-business software review site was impressed with the launch suggesting that the adoption of BaaS will be a worthwhile addition other to cloud services with some remarkable differences. The service also secures certificates for access control using AWS Key Management Service technology, eliminating the need for customers to set up their own secure certificate storage.
“The use case ideas are really exploding around blockchain in a way that will drive in a wave of adoption that will happen faster than others,” Fauscette said in an earlier interview.
However, the jury is still out on Amazon for many cryptocurrency users after the retail giant removed its payment options of both Bitcoin and Bitcoin Cash recently. Twitch had used a BitPay payment gateway for users who wished to pay for their subscriptions with BTC or BCH. The cryptocurrency payment option was first added in mid-2018 and initially included options for Ethereum and Litecoin.
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