Amazon Web Services or AWS announced its Blockchain Templates, which will give developers a faster way to set up networks on the Ethereum blockchain or Linux Foundation's Hyperledger Fabric.
In a statement, AWS said these templates will give users a fast and easy way to create and deploy secure blockchain networks using open source frameworks. The templates create and configure all of the AWS resources needed to get one going.
AWS "blockchain-as-a-service" platform is said to compete with Oracle's cloud service built on the Hyperledger Fabric, and IBM's own Hyperledger-based blockchain platform.
It will also compete with Huawei's recently launched Blockchain Service, also built on Hyperledger, and Chinese tech companies Baidu and Tencent, who already have blockchain platforms.
Blockchain technology establishes a peer-to-peer network and allows multiple parties to record transactions without a central authority to ensure that such transactions are verified and secure.
According to Amazon, its AWS Blockchain Templates help deploy Ethereum and Hyperledger Fabric frameworks using managed and certified AWS CloudFormation templates. The users can create and deploy blockchain networks in any public AWS region and pay only for the AWS resources needed to run blockchain network. There is no additional charge for AWS Blockchain Templates, it said.
In a blog post, AWS vice president Jeff Barr said, "Some of the people that I talk to see blockchains as the foundation of a new monetary system and a way to facilitate international payments. Others see blockchains as a distributed ledger and immutable data source that can be applied to logistics, supply chain, land registration, crowdfunding, and other use cases. ...we are working to help our customers use this technology more effectively."
Amazon has shown interest in the blockchain technology for some time now. The retail giant recently announced a new partnership with Luxoft Holding, which is working with other consulting firms to roll out blockchain solutions that can operate on AWS.
LendEDU's recent survey reportedly found that more than half of Amazon users would consider using an Amazon-built cryptocurrency on the site, with 58.3 percent Prime members showing interest.
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