Amazon Announces General Availability Of Managed Blockchain Service

Announcements, Blockchain, News | May 1, 2019 By:

Amazon Web Services (AWS), Amazon.com’s cloud services platform, has made its Amazon Managed Blockchain service generally available.

Amazon Managed Blockchain is a fully managed service that makes it easy to create and manage scalable blockchain networks using the popular open source frameworks Hyperledger Fabric and Ethereum. The service eliminates the overhead required to create a scalable blockchain network, and automatically scales to meet the demands of thousands of applications running millions of transactions.

“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 centralized authority,” said Rahul Pathak, General Manager, Amazon Managed Blockchain at AWS. “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. 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.”

According to AWS, the Amazon Managed Blockchain service is already being used by a number of major firms, including AT&T, Nestlé, and Singapore Exchange Limited (SGX), and the Mobility Open Blockchain Initiative (MOBI), among others.

Andy Daudelin, Vice President, Alliances Business Development, AT&T Business, said that blockchain is changing the way companies do business and giving them a new way to solve complex business problems.

“AT&T’s suite of blockchain solutions now includes Amazon’s Managed Blockchain. Amazon Web Services customers can integrate their blockchain solution with AT&T Business’s IoT and edge-to-edge portfolio,” Daudelin said. “This allows them to automate data collection to improve their ability to manage complex supply chain processes, monitor environmental conditions, improve security, gain real-time insights, and so much more.”

Armin Nehzat, Digital Technology Manager of Nestlé Oceania, said that while Nestlé has begun to release information on its supply chains for its 15 key commodities, using blockchain technology enables a more precise tracking.

“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,” Nehzat said. “Amazon Managed Blockchain will enable our customers to track their products on the blockchain from the farm all the way through to consumption.”