Amazon has announced its own blockchain service that enables users to create decentralized networks but without the need for setting up the whole separate platform.
"Amazon Managed Blockchain is a fully managed service that makes it easy to create and manage scalable blockchain networks using the popular open source frameworks Hyperledger Fabric and Ethereum," stated the company on the website.
The new project will be one more service developed by the Amazon Web Services.
Thanks to Amazon Managed Blockchain users will no longer need to face expenses entailed by the creation of their own networks, as the company stated. Moreover, the network developed via Amazon's project features automate scalability to fit for numerous applications that process "running millions of transactions".
Besides, the blockchain platform will be a good place to keep data about network activity in a specific database.
"Managed Blockchain can replicate an immutable copy of your blockchain network activity into Amazon Quantum Ledger Database (QLDB), a fully managed ledger database," as the statement on the company website reads.
The service is open for the preview now. Following the approval of the application, a user will be able to create own blockchain network.