Reading Time
~ 3 minutes
Spread the Word
Advertisement

Amazon Web Services (AWS), the branch responsible with cloud computing, has revealed a new service for creating blockchain-based projects which they claim will make it easier for developers to create them. These blockchain templates will compete with projects similar to those from Oracle and IBM.

AWS’ Blockchain Templates

On Wednesday AWS’ Jeff Barr wrote in a blog post, that the newly released “templates” will permit users 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,” explained Barr.

The post gives further details on how to set up an Ethereum template, which supports mining, along with an EthStats page that displays network metrics and an EthExplorer tool that features the transactions and smart contracts that were put into the ledger.

“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 in his post. “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 development regarding blockchain technology, but the company has shown signs of interest in the emergent technology for a while now. Last month, the company revealed a new collaboration with Luxoft Holding. Luxoft and five other consulting firms are currently developing blockchain solutions that can function on Amazon Web Services.

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

About AWS

AWS is a sector of Amazon’s business which is developing at a fast rate, which experienced a sale increase of 55 percent in 2016 and 43 percent in 2017. The division is a fierce rival of other tech cloud computing giants, including Microsoft Azure, which manifested an early interest in offering blockchain as a service when it was working together with ConsenSys an Ethereum-based startup, in 2015.

According to a report made by Bloomberg published in March, that Google is also developing a blockchain solution for its cloud segment.

Amazon Web Services publicised back in 2016 that it began working with blockchain startups, providing dedicated technical support and structure for the firms implicated.

“Today in financial services, distributed ledger technology is at the forefront of any discussion related to innovation,” the company said at the time. “AWS is working with financial institutions and blockchain providers to spur innovation and facilitate frictionless experimentation.”

Advertisement
Read more articles related to this subject:
Notice: The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.