Amazon Managed Blockchain is a fully managed service that now makes it easy to not only create but also control scalable blockchain networks using the Ethereum and the Hyperledger Fabric. The service is available to the public as of the 30th of April, 2019.
What’s good about the Amazon Managed Blockchain?
With just a few clicks, the platform will allow customers with multiple parties to execute transactions and maintain a cryptographically verifiable record of them without the need for a trusted central authority. The AWS Management console makes setting up blockchain networks across several AWS accounts easy.
According to Rahul Pathak, the General Manager, Amazon Managed Blockchain at AWS;
“Customers want to use blockchain frameworks like Hyperledger Fabric and Ethereum to create blockchain networks so they can conduct business quickly, with an immutable record of transactions, but without the need for a centralized authority. However, they find these frameworks difficult to install, configure, and manage. Amazon Managed Blockchain takes care of provisioning nodes, setting up the network, managing certificates and security, and scaling the network. Customers can now get a functioning blockchain network set up quickly and easily, so they can focus on application development instead of keeping a blockchain network up and running.”
Amazon has designed a platform that values the time and budgets of its clients. Any company is now able to now utilize the benefits of a blockchain at any stage of its development without having to hire specialists and pay for equipment.
Hyperledger Fabric VS Ethereum
Notably, users do not have much of a choice on their preferred network until later this year. This is because Ethereum is not yet available on the platform. Customers can only implement the Hyperledger Fabric.
The Hyperledger Fabric is however more advantageous compared to Ethereum in the sense that it is very well suited for applications that require utmost privacy and permission controls with a known set of members. This, however, does not imply that Ethereum cannot be used for joining a public Ethereum blockchain network.
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