Amazon Managed Blockchain (AMB), a Blockchain-as-a-Service platform developed by Amazon Web Services (AWS), is now available to business clients.
The service was launched last year but has been used in recent months by select group of organizations. With that stage now completed, AMB is now available, starting with clients in the U.S East region.
Amazon Managed Blockchain Service (AMB)
AWS said in a press release that the Amazon Managed Blockchain provides clients with a ready-to-use infrastructure to build and manage blockchain networks using open source networks like Hyperledger Fabric and Ethereum. More specifically, the new service allows businesses to provision a blockchain network spanning multiple accounts with a few clicks in the AWS Management Console. It currently supports Hyperledger Fabric. However, the platform will fully support all aspects of Ethereum later this year.
AMB general manager Rahul Pathak said:
“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 Managed Blockchain provides simple APIs that businesses can use to vote on memberships on their networks. Furthermore, it allows businesses to scale up or down more easily. Businesses select the right mix of resources for blockchain applications by providing a bucket list of instances with different combinations of computing and memory capacity. This means that the platform can support thousands of applications running millions of transactions. Moreover, AMB comes with the Amazon Quantum Ledger Database (QLDB) for analyzing transaction data and other key metrics.
In terms of security, AMB secures certificates for access control using AWS Key Management Service technology. This eliminates the need for AMB customers to set up their own secure certificate storage.
The Rise of BaaS Solutions
Blockchain technology has proved to be too complex for individual firms to develop or implement on their own. There are security and consistency issues that make it difficult to integrate the blockchain technology into their existing IT systems. This has led to the rise of Blockchain-as-a-Service (BaaS) platforms designed specifically to build and deploy blockchain solutions quickly.
AMB can help streamline supply chain and transaction efficiency and help drive widespread adoption of blockchain by enterprises. AMB customers have to pay a hourly fee in addition to charges relating to the amount of data they deploy on the platform. So far, the Amazon Managed Blockchain platform has attracted a range of organizations including Accenture, MOBI, AT&T, Nestle, Accenture, among others. For instance, Nestle is using the platform to build a food supply chain traceability system based on Hyperledger Fabric.