The electronic commerce and cloud computing giant Amazon has introduced two blockchain new services to help companies manage business transactions that require full auditability, Amazon Managed Blockchain & Amazon Quantum Ledger Database (QLDB).
Amazon Managed Blockchain makes it easy to create and manage scalable blockchain networks using the popular, open source Ethereum and Hyperledger Fabric frameworks. With a few clicks in the AWS Management Console, customers can set up a blockchain network that can span multiple AWS accounts and scale to support thousands of applications and millions of transactions.
Amazon QLDB is a transparent, immutable, and cryptographically verifiable ledger for applications that need a central, trusted authority to provide a permanent and complete record of transactions (for example, supply chain, financial, manufacturing, insurance, and HR). For customers who want to build applications where multiple parties can execute transactions without the need for a trusted central authority.
Unlike existing blockchain technologies that require custom development to extract blockchain network activity data, Amazon Managed Blockchain makes it easy to replicate transactions to Amazon QLDB. This gives customers the ability to gain advanced insights on how to optimize the blockchain network by querying the change history of their network.