Amazon Managed Blockchain Gets Cloud Support
Amazon Web Services (AWS) is integrating its Managed Blockchain platform with its cloud storage service.
CloudFormation, part of the web services arm of the e-commerce giant, will support the companyâ€™s blockchain management system. The service will assist in â€œcreating and configuring networks, members, and peer nodes.â€�
Free to clients of Amazon Web Services, CloudFormation acts as a replication and scaling tool between a clientâ€™s web service applications, making it easier to share data between different AWS use cases.
The company writes in a statement published August 12:
â€œWith CloudFormation support for Managed Blockchain, you can create new blockchain networks and define network configurations, create a member and join an existing network, and describe member and network details such as voting policies.â€�
The idea is that managed blockchains will become even more scalable. The system will also help integrate a clientâ€™s AWS accounts across the cloud ecosystem onto the blockchain.
Amazon released the service three months ago. AT&T, Nestle, Accenture are counted as clients.
According to the company, â€œAmazon Managed Blockchain eliminates the overhead required to create the network, and automatically scales to meet the demands of thousands of applications running millions of transactions.â€�
Last week, Amazon published a job posting that suggests it is building ways to use blockchain for its advertisement business.
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