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Amazon Web Services Launches Two New Blockchain Products

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Amazon Web Services or AWS announced the launch of two new blockchain services - Amazon Managed Blockchain and Quantum Ledger Database. The move comes almost a year after AWS CEO Andy Jassy said that he wasn't all that interested in blockchain services.

AWS Managed Blockchain is a fully managed blockchain service, which makes it easy to create and manage scalable blockchain networks. The service supports two popular blockchain frameworks Ethereum and Hyperledger Fabric. Support for Hyperledger Fabric is currently available, while Ethereum support will be coming soon, the company said.

The new managed service allows one to set up and manage a scalable blockchain network with just a few clicks. It eliminates the overhead required to create the network, and automatically scales to meet the demands of thousands of applications running millions of transactions

Further, the company announced that the blockchain platform can store data on another database product, called Amazon Quantum Ledger Database or QLDB, a fully managed ledger database.

It is not a blockchain platform, but can be used in conjunction with Amazon's blockchain product to maintain a complete and verifiable history of data changes.

AWS noted that Managed Blockchain can replicate an immutable copy of one's blockchain network activity into Amazon QLDB, which allows to easily analyze the network activity outside the network and gain insights into trends.

At AWS reInvent 2018 in Las Vegas, Jassy said, "We genuinely didn't understand what the real customer need is; the culture inside AWS is we don't build things for optics, we only spend the resources to build things when we really understand the problem."

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