Amazon has quickly followed Chinese tech giant Huawei, and others, in offering blockchain-powered services as part of its cloud computing platform. “With AWS Blockchain Templates, you can deploy Ethereum and Hyperledger Fabric frameworks using managed and certified AWS CloudFormation templates”.
The AWS templates for blockchain technology utilize frameworks as containers on the Amazon Elastic Container Service (ECS). “You can assign granular permissions using AWS IAM to restrict which resources an Amazon ECS cluster or Amazon EC2 instance can access”.
Anyone signed up for AWS can access the solution without any additional charge.
In recent times, Ethereum has emerged as one of the most popular open-source, distributed computing platforms.
“We don’t yet see a lot of practical use cases for using blockchain that are much broader than using a distributed ledger”, he said in a press Q&A. The Hyperledger is a global collaboration with the promise of developing cross-industry technologies, it is an initiative backed by the Linux Foundation.
The blog post also provides thorough instructions and guides for creating and establishing an Ethereum template with mining support as well as an EthStats page which displays metrics about network status among other things as well as an EthExplorer tool that displays transactions and smart contracts issued in the ledger. Bitcoin could be the application of block chain.
By generating a list of transactions Blockchain removes the need for a third-party intermediary, like a banking.
Amazon’s entry into the blockchain space, alongside IBM, will doubtless persuade many more organisations – of every size – to experiment with the technology.