Amazon to help companies scale blockchain networks: 5 things to know

Mackenzie Garrity - Print  | 

Companies looking to develop and grow blockchain networks can now do so using Amazon Managed Blockchain, which Amazon Web Services launched on the East Coast on April 30.

Five things to know:

1. Customers in finance, logistics, retail, energy and healthcare industries can use Amazon Managed Blockchain to execute transactions and maintain cryptographically verifiable records without the need for a central authority.

2. Amazon designed the blockchain network to eliminate the burdens companies must overcome to install decentralized ledgers. Typically, companies must invest in hardware, software and installation while also having resources to maintain, manage and grow the blockchain network.

3. Through Amazon Managed Blockchain, users select their preferred framework, add network members and configure the member modes that process transaction requests. Amazon takes care of creating the blockchain network and configuring the software, security and network settings.

4. Amazon Managed Blockchain also provides application programming interface that allow users to vote on memberships in their networks and scale up or down more easily.

5. At all times, customers have the ability to replicate transactions to gain insights into key trends, such as who is transacting and what is the rate of the transactions.

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Companies looking to develop and grow blockchain networks can now do so using Amazon Managed Blockchain, which Amazon Web Services launched on the East Coast on April 30.

Five things to know:

1. Customers in finance, logistics, retail, energy and healthcare industries can use Amazon Managed Blockchain to execute transactions and maintain cryptographically verifiable records without the need for a central authority.

2. Amazon designed the blockchain network to eliminate the burdens companies must overcome to install decentralized ledgers. Typically, companies must invest in hardware, software and installation while also having resources to maintain, manage and grow the blockchain network.

3. Through Amazon Managed Blockchain, users select their preferred framework, add network members and configure the member modes that process transaction requests. Amazon takes care of creating the blockchain network and configuring the software, security and network settings.

4. Amazon Managed Blockchain also provides application programming interface that allow users to vote on memberships in their networks and scale up or down more easily.

5. At all times, customers have the ability to replicate transactions to gain insights into key trends, such as who is transacting and what is the rate of the transactions.

 

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