Ethereum Joining Hands with Amazon Web Services and Enigma (ENG)

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The launch of AWS Blockchain Templates for Hyperledger Fabric and Ethereum by Amazon Web Services recently has been phenomenal. This will hasten the process of building new blockchain networks. About the launch, Jeff Barr, the Chief Evangelist for AWS posted on the AWS blog on 19th April, “We are launching AWS Blockchain Templates today. These templates will let you launch an Ethereum (either public or private) or Hyperledger Fabric (private) network in a matter of minutes and with just a few clicks. The templates create and configure all of the AWS resources needed to get you going in a robust and scalable fashion.”

Prior to this new relationship, Amazon Web Services had joined hands with Corda R3, Sawtooth, PokitDok, and Quorum. Corda lets the users create dApps on the AWS platform. However, with the help of the latest AWS Blockchain Templates, the users can develop fully fledged Ethereum network within a few minutes. The same goes for Hyperledger network. The difference is that the Hyperledger network launched will be completely private while the Ethereum ones can be private or public.

When developing Ethereum templates, the Amazon Web Services users have the option to choose from two different launch options. The blockchain framework chosen as containers by the user will be deployed by AWS Blockchain Templates directly on an EC2 instance fuelling Docker or on the Amazon Elastic Container Service cluster (ECS). Ethereum networks launched with the help of Amazon Web Services will most probably support Ethereum mining. The EthStats page will keep an eye on the network metrics. Amazon will also give an EthExplorer toolkit to the clients such that they can reconnoiter the transactions and the smart contracts that are stored in the ledger. As the networks will be developed directly into the user’s Amazon VPC, it will allow the user to access the subnets of VPC and Access Control Lists. The user also has the option to reduce the use of resources by utilizing granular permissions allocated with AWS IAM.

This venture will be beneficial for many industries as they can launch both private and public Ethereum networks through AWS for analysis of critical financial data and audit and risk assessment tasks and so on.

Ethereum Alliance and Enigma (ENG) and Decentralized Identity Foundation

Enterprise Ethereum Alliance (EEA) and the Decentralized Identity Foundation (DIF) have incorporated Enigma (ENG) as a member recently. The cryptocurrency, Enigma (ENG) focuses on privacy, security, and scalability. The platform, Enigma Data Marketplace, launched three weeks prior to this announcement acts as a bridge between data providers and apposite data consumers. The objective of Enigma (ENG) is to assimilate crypto world and financial datasets.

Enigma is also looking forward to improvising decentralization for blockchains by conforming smart contracts like Ethereum’s into “secret contracts”. This technology will hide entered data from the code-executing nodes on the network of Enigma. It is a step that will ensure the safety of sensitive data and is believed to be capable of bringing out hitherto unknown areas for development. These were mainly hindered by privacy concerns. It is expected that this type of platform will enable merging of datasets across several industries by eradicating the barriers that prevent corporate collaborations. This is one of the major reasons for acceptance of Enigma by Enterprise Ethereum Alliance and Decentralized Identity Foundation.

Apart from this new entrance, EEA boasts of notable members like Intel, Accenture, J.P. Morgan, Santander, BP, Bancor, CME Group and many others. The objective is to “evolve Ethereum into an enterprise-grade technology”. Enigma plans to launch Catalyst, its first protocol along with its mainnet in Q3 of this year. The format will be compatible Ethereum such as to make it accessible to all the members of EEA. The Digital Identity Foundation, on the other hand, focuses on keeping one’s data and proof of identity private. As explained in the blog of Enigma, “Enigma enables individuals to share claims without over-sharing sensitive data, i.e. proving you are over 21 without revealing your birthday.”

A Little about Enterprise Ethereum Alliance (EEA)

Enterprise Ethereum Alliance (EEA) is a not-for-profit and is supported by the industry to basically develop and promote Ethereum based technology open-source reference architectures. This way Ethereum is evolving as an enterprise-grade technology whose main areas of interest are scalability, security, privacy, and confidentiality.

Price Analysis

After the scare of the first quarter in 2018, it seems Ethereum (ETH) is back on its feet. Currently, according to coinmarketcap.com the price of Ethereum is $639.60 USD (3.88%) approximately. (As of 23rd April 2018). As the second quarter progresses, it is expected that the price will increase and will soon break the $648 mark. Currently, it seems that the charts are depicting a bullish trendline. This may be the result of the new partnerships of Ethereum and the efforts of EEA.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of ali asaria via Flickr

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Amazon Takes Giant Step into Cryptocurrency Tech with Blockchain Products

Tech giantAmazon says it will release blockchain frameworks, a major step into the technology used to back cryptocurrencies such as Bitcoin.

Amazon Web Services (AWS), the e-commerce’s cloud computing arm, put forward two of its blockchain frameworks this week.

One framework is for Ethereum, while the other framework is for Hyperledger Fabric.

These frameworks will allow users to build and manage their own Blockchain-powered decentralized applications.

These applications are commonly referred to as DApps.

AWS announced back in 2016 that it would start working with blockchain startups.

The web services division of the online retail giant will offer dedicated technical support and infrastructure to all the firms involved.

“Today in financial services, distributed ledger technology is at the forefront of any discussion related to innovation,” the company said in a statement.

“AWS is working with financial institutions and blockchain providers to spur innovation and facilitate frictionless experimentation.”

In a blog post, AWS chief Jeff Barr wrote that the newly available “templates” will allow clients to “launch an Ethereum, either public or private, or Hyperledger Fabric, private, network in a matter of minutes and with just a few clicks.”

The templates create and configure all of the AWS resources needed to get you going in a robust and scalable fashion,” he wrote.

AWS is the fastest growing segment of Amazon’s business. Amazon saw its web services sales increase 55% in 2016, and 43% in 2017.

However, Amazon is not the only tech company with a cloud computing division. Microsoft’s Azure has similarly shown an interest in providing blockchain as a service.

Microsoft Azure partnered with the Ethereum startup ConsenSys in 2015. Google is also working on a blockchain solution for its cloud business.

HyperLedger and Ethereum

Users will be able to create their own Blockchain applications via the AWS Cloud Formation Templates tool. This is to to avoid the time-consuming manual setup of a blockchain network.

The Linux Foundation’s Hyperledger Blockchain was founded in 2015. The tech firm released its first production Blockchain code, Fabric 1.0, in July 2017.

Hyperledger DLT products have become used across the board. They are commonly used by companies looking to incorporate Blockchain solutions within their platforms.

The Ethereum network was launched in 2014 by Vitalik Buterin. It has become one of the most popular Blockchain bases for building DApps among developers.

NASA has even revealed it is developing an autonomous spacecraft based upon Ethereum Blockchain technology.

Chile’s national energy commission has also announced the launch of an Ethereum Blockchain record system. The record system will provide the nation’s energy sector with security, accuracy, transparency, and accessibility to their data.

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Amazon Web Services Launches Ethereum And Hyperledger Fabric Blockchain Templates

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Amazon Web Services (AWS) has introduced blockchain templates for Ethereum and Hyperledger Fabric, providing a fast and easy way to create and deploy secure blockchain networks with open source frameworks, the company announced on its website.

Blockchain technology makes it possible to build applications where multiple parties can record transactions without the need for a central authority to ensure transactions are secure and verified. The transactions are immutable and independently verifiable.

The AWS templates allow users to deploy Ethereum and Hyperledger frameworks with certified AWS CloudFormation templates. Users can focus on building blockchain applications rather than spending time and energy on manual setup of their blockchain network.

Both Ethereum and Hyperledger Fabric offer distributed consensus algorithms, smart contract functionality and access control features.

How It Works

The AWS templates deploy the blockchain framework the user chooses as containers on an Amazon Elastic Container Service (ECS) cluster, or directly on an EC2 instance running Docker.

The user creates the blockchain network in their own Amazon VPC, allowing them to use their network Access Control Lists and VPC subnets. They can assign granular permissions using AWS IAM to restrict which resources an Amazon EC2 instance or Amazon ECS cluster can access.

Users can visit the “getting started” page to begin using AWS Blockchain Templates. There is no additional charge for using the templates. The user only pays for the AWS resources they need to run their blockchain network.

Blockchain networks can be deployed in any public AWS region.

Also read: Amazon Web Services teams with DCG on blockchain endeavor

AWS Supports Blockchain Innovation

AWS has partnered with financial institutions and blockchain companies to boost innovation and support frictionless experimentation. In 2016, AWS announced a partnership with Digital Currency Group on a platform that to allow companies to experiment with blockchain technology

Additional information about AWS Templates is available at AWS Blog, AWS Blockchain Templates webpage, and AWS Blockchain Templates documentation.

Featured image from Shutterstock.

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Amazon gets on the pre-built blockchain train

(MENAFN – Asia Times)

This year should go down in history as the year of the blockchain. In 2017 crypto-currencies and blockchain businesses emerged. This year they literally took off. To stay up with the tech times, major companies are now investing resources into blockchain-based solutions and services.

Online retail giant Amazon is the latest to jump on the blockchain bandwagon with the launch of its own Amazon Web Services (AWS) ‘blockchain-as-a-service’ platform last week. The system will enable developers to set up their own blockchain-based projects by using pre-designed templates. The firm’s cloud computing division is going into direct competition with similar offerings from the likes of Oracle and IBM.

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Using two different platforms, AWS will enable users to access a pre-built blockchain framework upon which to expand their projects. The technology choice will be Ethereum, which currently powers the majority of new blockchain projects and initial coin offerings, and Hyperledger Fabric, an open source blockchain development solution developed by the Linux Foundation.

Using pre-built templates gives companies an edge on rolling out blockchain projects faster. However they will still need some in-house technical expertise since it is a certainly more involved than setting up an email server or building a website. A guide to how to get started has been posted on the company blog but it is likely that most small to medium enterprises are simply not yet ready to deploy this technology for mainstream operations. Many will still be running decade-old operating systems on their office computers, so Amazon’s offerings seem, for now at least, to be another way of keeping up with the Joneses.

Crypto-currency has gone way beyond virtual money over the past year and a number of communities and companies also offer similar services on which they base the value of their digital tokens. EOS market capitalization currently sits just over $11 billion, which makes it the fifth largest altcoin. Just like Ethereum, the community provides a type of operating system upon which decentralized applications (dApps) can be built. The network is highly scalable and provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple computers.

Berlin-based Lisk is another blockchain development provider which uses a Javascript model to allow companies to build and deploy blockchain applications. Chinese based Neo has its own version of the development platform, Japan has Cardano, and South Korea is in there with Icon, so there is no shortage of blockchain solutions.

The list of companies flocking towards the technology in an effort to gain an edge on their competitors is growing. In China, where crypto-currency exchanges are currently banned, Huawei, Baidu and Tencent already have their own blockchain platforms and it is likely that Alibaba will not be far behind.

There are a number of advantages in using a decentralized solution over a centralized one owned by a mega-corporation. The Amazon system is free to download but the tech giant will still charge for and control cloud-based services needed to run projects built on AWS, and this seems to be where its interests lie with this offering.

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Amazon gets on the pre-built blockchain train

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Why blockchain has the power to disrupt the financial services industry

Few new technologies are hotter than blockchain right now. Many industries are exploring its benefits and testing its limitations, including banks and financial services, with an eye on windfalls from efficiencies and reduced costs. Research and advisory firm Gartner projects the “business value-add” from the technology to grow to $176 billion (Rs 11.7 trillion) by 2025.

Currently, almost all banks are exploring various permissioned (private) blockchains within their innovation centres. Plus, they have also joined consortiums like R3 and Hyperledger. Moreover, as interest grows across the board, various viable implementations are being explored. In this article, we look at both the long-term potential of this technology and how it can impact the financial services industry.

Identity management

Self-sovereign identity is a concept that has taken root in recent times. It’s based on the premise that users could generate their own identity and facilitate the three functions of establishing identity — claim, proof and attestation. Basically, there will be a digital wallet in which user identity information related to those three functions are stored. Claim-related and proof-related documents are stored by the user directly. Based on the service in question (like passport, bank passbook, tax-identification number, etc.), the attestation could be obtained by the relevant authority upon submission of relevant claims and proofs.

Though the self-sovereign identity itself is not directly a blockchain solution, the moment you have generated one, it’s ideally put across a distributed ledger orchestration across different entities. A bank that wants to verify the date of birth of the customer could now easily check the attestation provided by the relevant government department. Banks could make use of this to make customers’ lives easier, and gain better trust of their customers.

Loyalty programmes

Loyalty programmes are a no-brainer for blockchain implementation. Putting the reward points on blockchain helps in creating a transparent and real-time loyalty solution that customers would love.

Payments

Blockchain’s main advantage is in its ability to ensure error-free processes where everything is connected to independent users instead of one central place, which is hugely useful in international payments. Currently, these are expensive and error-prone as transactions in different currencies require different intermediaries. Banks have now started piloting permissioned blockchain through hyperledger for payments. Adopting such a blockchain process to execute real-time transactions will significantly reduce settlement time.

Private equity

Banks can also use blockchain in private equity areas, which are usually labour-intensive and document-intensive, to offer enhanced trade security as well as a shorter settlement process. Transactions and documents are recorded, and centralised access to fund managers is provided.

Cybersecurity

Interestingly, blockchain has also emerged as one of the top contenders to resolve a wide variety of cybersecurity issues facing the banking sector today. The end-to-end security encryption and distributed features of the blockchain technology make digital transactions impenetrable to attacks. Blockchain protects sensitive records and authenticates user identities while verifying the integrity of the transactions. As a matter of fact, the merits of the blockchain suite extend well beyond just protecting sensitive online records. They can also help create an entire trust-based ecosystem with robust applications that suit the banking sector. For example, Australia and New Zealand Banking Group (ANZ), alongside competitor Westpac, tied up with IBM and shopping centres to successfully digitise their guarantee process. This increases efficiency, reduces chances of fraud, eliminates the need for documents and systematically reduces challenges in the reporting of guarantee status through multiple changes.

Blockchain will rev up Digital India

As the government marches on with its Digital India vision, adoption of blockchain will open up enormous opportunities by digitising all physical assets in a trust-based environment. The government’s interest in blockchain was clearly seen in the Union Budget of 2018. Initiatives such as the linking of Aadhaar with financial portfolios and Jan Dhan Yojana (Scheme for People’s Wealth); demonetisation of high-value notes and the simultaneous push for digital payments with the building of Unified Payments Interface and digital lockers are all backed by Digital India vision. As the country strengthens its position as a digital-first economy, deployment of blockchain will further speed up digital financial inclusion in the country with an augmented cybersecurity mechanism.

Challenges to overcome

However, there are several key challenges that still remain as hurdles to commercialisation of blockchain.

The main problem is that the technology itself is quite nascent, and there is still a lack of governance models and standards that would form the foundation of a functioning ecosystem. Much work needs to be done towards understanding how to integrate and coordinate several blockchain platforms within a single value chain. Also, there is a shortage of blockchain skillsets, with 18% of chief information officers (CIOs) saying that blockchain skills are the most difficult to find, according to the 2018 Gartner CIO Survey.

Another key challenge is scalability of the technology. This has always been a challenge — across many crypto-currencies and various blockchain platforms. But in the past couple of years, attempts are being made to overcome it with different approaches. For example, in the crypto world, we have Lightning, which is an off-chain solution, that is, it doesn’t depend on the main blockchain network. With Lightning, it is possible to conduct unlimited transactions off chain, which could then be settled on the main blockchain network.

Road ahead

While blockchain may still not be “enterprise-ready”, this certainly does not absolve banks from their responsibility to identify how it will disrupt the financial world of tomorrow. The hype around blockchain may well be similar to the dot-com bubble of the late 1990s and early 2000s: While a lot of companies went bust during that time, a few gems did emerge. This time around, the ones that emerge would have the potential to one day disrupt the finance world.

Jothi Rengarajan is chief solutions architect at Aspire Systems, a technology services firm. Views are personal.

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Ripple (XRP) Could Make The $1 Leap This Week – Widespread Adoption Is Triggering The …

Q1 2018 mirrored a rollercoaster for Ripple (XPR). The cryptocurrency manifested a growth of 30.09% just during the past week. This led to speculations that it could make the $1 leap by the end of this week.

The bullish trend is part of a general uptick in the altcoins market, and it can also be linked to the widespread adoption of Ripple by leading financial institutions throughout the world.

Lots of significant companies use Ripple’s technology

Some of the most important companies that are currently using Ripple’s technology include Santander UK, SBI Holdings, Moneygram, Mercure FX and IDT Corporation.

Ripple also teamed up with LianLian International, the Chinese third-party payment service provider. Needless to say, this move triggered a lot of attention, because this is China’s fourth largest nin-baking operation.

Santander UK released OnePay FX mobile app that’s functioning on Ripple in order to ensure fast and seamless transactions across borders.

“XRP has the potential to gift investors with a whopping 300% return.”

Ripple invested $150 million in XRP in the company Blockchain Capital

The company focuses on brand new startups in the blockchain area. Here’s what Ripple stated in a press release about this move:

“The $150 million fund managed by Blockchain Capital will invest in entrepreneurial teams that are building businesses using blockchain technology. The investment will also provide an opportunity to identify new use cases for the XRP Ledger and Interledger Protocol”.

This also adds more fuel to Ripple’s partnership with Hyperledger which got released in the form of Hyperledger Quilt offering support for Ripple’s own Interledger Protocol (ILP).

The protocol supports various significant cryptocurrencies such as Bitcoin, Ethereum, and Litecoin as well.

Forbes said that “XRP has the potential to gift investors with a whopping 300% return.”

Ripple is preparing for the $1 leap this week

There are also some exciting speculations floating around and saying that Ripple might make a significant announcement shortly, and this is because Ripple’s vision for the Internet of Value was recently made clear.

XRP is lingering around $0.90 for the moment, and analysts predict that it’s preparing for the leap to $1 by the end of this week.

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Amazon Web Services Launches AWS Blockchain Templates to Create and Deploy Secure …

Amazon Web Services (AWS) recently introduced AWS Blockchain Templates. The templates deliver a quick and effortless way to build and deploy safe blockchain networks using open source frameworks. They enable users to deploy Hyperledger Fabric and Ethereum frameworks, using managed and certified AWS CloudFormation templates.

The company said AWS Blockchain Templates enables users to concentrate on creating their blockchain applications instead of expending energy and time on manually setting up their blockchain network. AWS Blockchain Templates deploy the blockchain framework of the users’ choice as containers either on an Amazon Elastic Container Service (ECS) cluster or directly on an EC2 instance running Docker. The blockchain network is created in users’ own Amazon VPC, thus enabling them to use their VPC subnets and network Access Control Lists. Furthermore, users have to the ability to assign granular permissions using AWS IAM to limit which resources an Amazon EC2 instance or Amazon ECS cluster can access.

AWS Blockchain Templates offers several benefits including swift deployment of blockchain network on Amazon ECS or Amazon EC2 instances that frees up users to focus on building their applications, choice between two popular frameworks — Ethereum and Hyperledger Fabric. Each of these framework offers smart contract functionality, access control features, and distributed consensus algorithms. The templates also get supplementary components to manage, monitor, and browse blockchains. Also, users are required to pay only for the resources they use and can start-up and shut-down on-demand based on their application needs.

A cloud services platform, Amazon Web Services (AWS) provides database storage, compute power, and content delivery along with other functionality to enable businesses to scale and grow. Starting from directories to content delivery, data warehousing to deployment tools, AWS offers more than 50 services. It also offers deep features like a broad selection of server configurations, database engines, big data, and encryption tools that allows clients to remain focused on their core business instead of corralling or cooling infrastructure.

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Breakfast Briefing: Sundar Pichai Cashes In & the Flipkart Deal

Google CEO Cashes in $380m

Google’s CEO Sundar Pichai will see the shares he received in 2014 vest.

Editor’s Remarks: The shares were worth a total of $380m at the end of last week, making the payout one of the largest to a company executive in recent times. For perspective, the award is more than the $300m pay packet together earned by Goldman Sachs CEO Lloyd Blankfein and JPMorgan boss Jamie Dimon last year. Pichai received the shares back ahead of his promotion to senior VP of products in 2014, a year before he took up the CEO position. Although the company has not disclosed his 2017 compensation, Pichai has received two more nine-figure payouts since his taking over the reins at Google.

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Capita Soars on Rights Issue

The troubled outsourcer is looking to raise £662m at 70p a share to pay down its debt.

Editor’s Remarks: Hedge funds shorting the FTSE 250 company were dealt a blow yesterday when Capita’s stock price climbed as high as 14% after details of its rights issue were released. The company is currently one of the most shorted stocks on the London market, with firms such as AQA Capital Management recently doubling down on their bets. The issue has been fully underwritten by Goldman Sachs and Citigroup, and is anticipated to be completed by June. Capita intends to restructure its business into five core operations and boost post-tax free cash flow up to £200m by 2020.

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Walmart Close to Flipkart Deal

The US giant is looking to acquire a majority stake in Indian e-commerce giant Flipkart.

Editor’s Remarks: Walmart intends to pay at least $12bn for the majority stake and could even complete the arrangement in the next 14 days. Other major Flipkart investors are said to be happy for the deal to go ahead, including Tiger Global Management, which will sell almost its entire 20% stake to Walmart. It is expected that Walmart will end up with between 60% and 80% of Flipkart, which is presently valued at around $20bn. It is as yet unclear whether Flipkart’s founders will continue to head the business after the deal and how the business will integrate into Walmart’s empire.

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China Reviews Toshiba Deal Again

Toshiba’s disposal of its chip business is being reviewed by Chinese regulators for the third time.

Editor’s Remarks:It is nearly certain that Toshiba will miss its May 1 deadline to sell its memory chip business to a consortium headed by Bain. Several commentators have speculated that Chinese antitrust regulators might be particularly critical of the deal because of worsening US-China relations. Should the deal fall through, Toshiba might well reconsider its decision to sell the highly-profitable business. Toshiba shares rose roughly 5% on the news, driven by speculation that, if renegotiated today, the deal would be worth closer to $24bn.

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Amazon’s Blockchain Templates

Amazon Web Services (AWS) launched Blockchain Templates to compete with IBM and Oracle.

Editor’s Remarks:Blockchain Templates is “blockchain-as-a-service” (BaaS) that will enable customers to build their own blockchain-based systems to tackle a variety of problems ranging from logistics to payment systems. Oracle and IBM have also developed similar products that are built on the Hyperledger Fabric project. AWS users can use Blockchain Templates to build apps on either Ethereum or the Hyperledger Fabric. Meanwhile, over in China, Baidu, Tencent and, most recently, Huawei have also launched their own BaaS platforms.

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Amazon Reveals Blockchain Templates for Ethereum and Hyperledger Fabric

At the end of last week Amazon revealed its blockchain templates, which the company claims will make it easier for developers to create blockchain-based projects. Amazon Web Services (AWS) “blockchain-as-a-service” platform is set to compete with similar projects from Oracle, and IBM.

Amazon Web Services

AWS blockchain templates give AWS users working on blockchain projects a faster way to set up two versions of the technology, on the Ethereum blockchain or the Linux Foundation’s Hyperledger Fabric.

The launch comes six months after Oracle unveiled its cloud service built on the Hyperledger Fabric and about a year after IBM announced its own Hyperledger-based blockchain platform. Both Ethereum and Hyperledger Fabric are popular among developers — the former is used by hundreds, if not thousands, of blockchain-based services.

This move further into the world of blockchain, Amazon hopes, will help the company complete with its competitors: IBM, which is one of the leaders in blockchain development, reported $5.5 billion in revenue from its cloud platform in the fourth quarter of last year. For the blockchain industry, having the support of Amazon — one of the largest and farthest reaching companies in the world — could be considered to be a huge vote of confidence for the technology.

“AWS Blockchain Templates provide a fast and easy way to create and deploy secure blockchain networks using open source frameworks,” Amazon said. “Blockchain is a technology that makes it possible to build applications where multiple parties can record transactions without the need for a trusted, central authority to ensure that transactions are verified and secure.”

AWS’s Jeff Barr

In a blog post about how to use its blockchain templates, AWS vice president Jeff Barr acknowledged blockchains general lack of clarity by referencing a 1976 Saturday Night Live sketch aboutShimmer Floor Wax, a floor polish that is also a dessert topping. In the skit, a couple is fighting over whether a product is a cleaning product or dessert, and although it might not be obvious, it’s actually both things at once.

“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,” Barr wrote. “Either way, it’s clear that there are a lot of intriguing possibilities and we are working to help our customers use this technology more effectively.”

This is Amazon’s latest move into blockchain, but the company has been interested in the emerging technology for some time. Last month, the company announced a new partnership with Luxoft Holding. Luxoft and five other consulting firms are working together to roll out blockchain solutions that can operate on AWS.

“Blockchain is about removing data silos, improving trust and operational efficiencies,” said Luxoft’s vice president of technology strategy Vasiliy Suvorov. “By using AWS to deploy and integrate DLTs into day-to-day processes, businesses can revolutionize how they operate.”

In related news, a survey completed by LendEDU last month found that more than half of Amazon users said they would consider using an Amazon-built cryptocurrency on the site. Amazon Prime members were even more eager, with 58.3% in favor and only 21.9% opposed.

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