Back in mid-October, the crypto-verse was delighted when Amazon Web Services (AWS) announced a new partnership with Qtum (QTUM). The partnership was between the China Division of AWS and latter blockchain project. Around the same time, the Tron (TRX) Foundation announced a new partnership with Baidu: a dominant cloud service provider.
Amazon Web Services Launches a Managed Blockchain Service and a Quantum Ledger Database
The online retailing giant of Amazon through its Amazon Web Services (AWS), has today launched two new blockchain services: Quantum Ledger Database and Amazon Managed Service.
In the case of the Amazon Managed Service, it is a fully managed service that allows its users to create and manage blockchain networks using the popular open source frameworks on the Hyperledger Fabric and Ethereum. With just a few clicks, the service eliminates the overhead required to create the network. It automatically scales to meet the demand of applications running millions of transactions.
AWS CEO Andy Jassy explained this further as follows:
This service is going to make it much easier for you to use the two most popular blockchain frameworks [of Hyperledger Fabric and Ethereum]…
When we heard people saying ‘blockchain,’ we felt like there was their weird conveluting and conflating what they really wanted. And as we spent time working with customers and figuring out the jobs they were really trying to solve, this is what we think people are trying to do with blockchain.
On the other hand, Amazon’s Quantum Ledger Database (QLDB) is a fully managed ledger database that provides a transparent, immutable, and cryptographically verifiable transaction log owned by a central trusted authority. QLDB tracks each and every application data change and maintains a complete and verifiable history of changes over time.
Andy Jassy added the following with regards to the QLDB:
It will be really scalable, you’ll have a much more flexible and robust set of APIs for you to make any kind of changes or adjustments to the ledger database.
The chief goal of the Amazon QLDB is to eliminate the need to engage in the arduous development efforts of building your own ledger-like applications.
What are your thoughts on Amazon Web Service launching a Managed Blockchain Service and a Quantum Ledger Database? Please let us know in the comment section below.