Amazon Managed Blockchain Integrates Web Services CloudFormation

UTC by Tolu Ajiboye · 3 min read
Amazon Managed Blockchain Integrates Web Services CloudFormation
Photo: Amazon Web Services / Twitter

Amazon has announced that its Amazon Managed Blockchain will now have cloud support through its AWS CloudFormation. This new function will make establishing blockchain networks a lot easier and also improve scaling.

Global e-commerce giant firm, Amazon, has just announced that its Amazon Web Services (AWS) CloudFormation will be incorporated with the firm’s Managed Blockchain. AWS, the firm’s cloud computing division, will now support Amazon’s blockchain in the management and structuring of all its interconnected networks and member nodes.

The announcement explains that Managed Blockchain functions as a service that creates and simplifies blockchain networks, also with the option of scaling to size, across several Amazon Web Services accounts. For CloudFormation, this service allows anyone to shape required cloud resources, making them as secure, dependable and consistent as possible.

The integration of both services will allow easy creation of new blockchain networks, going further to specifically shape all network structures. It also lets members become a part of an already created network, setting specific details like voting policies. This flexibility can also be enjoyed as an easy creation and organization of peer nodes for members of a network is also possible. With CloudFormation, effectiveness and efficiency levels are significantly increased.

The company states:

“Using CloudFormation helps to standardize and simplify the provisioning of infrastructure resources in your cloud environment across multiple AWS accounts and regions with just a few clicks. CloudFormation increases efficiency, reduces the potential for manual error, ensures consistent configurations over time, enables configuration compliance, and simplifies troubleshooting.”

Amazon Managed Blockchain

Back in November 2018, Amazon announced the Amazon Managed Blockchain platform, calling it “a fully managed service that makes it easy to create and manage scalable blockchain networks.” The blockchain allows its users to build their own blockchain platforms using Hyperledger Fabric and Ethereum. The announcement at the time also revealed that the new platform almost completely eliminates the normally expected process of network creation, and further improves scaling.

It is said that “Amazon 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.”

Amazon also further added to the blockchain’s function, including its ability to carry out network analysis more effectively through its database.

“Managed Blockchain can replicate an immutable copy of your blockchain network activity into Amazon Quantum Ledger Database (QLDB), a fully managed ledger database. This allows you to easily analyse the network activity outside the network and gain insights into trends,” explains the company.

Amazon Blockchain Advertising

A few days ago, Amazon published a vacancy, suggesting that it had its eyes on using blockchain technology for advertising. The job titled “Software Development Engineer – Advertising Blockchain” was published on LinkedIn, seeking a “Sr Software Engineer to work within our Advertising FinTech team focused on a Blockchain ledger, billing and reconciliation systems to provide data transparency on transnational financial data.”

Even though there is no further information about the role or what Amazon’s specific plans for blockchain advertising are, this could mean that in the future, Amazon could consider blockchain applications for all or at least most of its businesses.

Blockchain News, Editor's Choice, FinTech News, News
Tolu Ajiboye
Author Tolu Ajiboye

Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge. When he's not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.

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