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SEATTLE: May 01, 2019. Amazon Web Services (AWS) has announced an initial release in Northern Virginia of its Amazon Managed Blockchain (AMB) offering for customers to create and manage scalable blockchain networks.

The company claims customers who want multiple parties to execute transactions and maintain a cryptographically verifiable record of them without the need for a trusted, central authority, can now setup a blockchain network over multiple AWS accounts using open source frameworks like Hyperledger Fabric and Ethereum.

Amazon says its new AMB service is designed for customers in the finance, logistics, retail and energy sectors that need to execute contracts and share data with an immutable record of the transactions without each blockchain member providing hardware, install software, create and manage certificates for access control, and configure network settings.

Amazon blockchain“Customers want to use blockchain frameworks like Hyperledger Fabric and Ethereum to create blockchain networks so they can conduct business quickly, with an immutable record of transactions, but without the need for a centralized authority. However, they find these frameworks difficult to install, configure, and manage,” explained Rahul Pathak, AMB general manager. “Amazon Managed Blockchain takes care of provisioning nodes, setting up the network, managing certificates and security, and scaling the network. 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.”

In addition to making it easy to set up and manage, AMB also provides simple APIs that allow customers to vote on memberships in their networks and to scale up or down more easily.

“Blockchain is far more than just Bitcoin or cryptocurrency. It’s changing the way companies do business and giving us a new way to solve complex business problems,” said Andy Daudelin, AT&T Business vice president Alliances Business Development who’s company includes AMB in its blockchain suite.

“Transparency in supply chains is increasingly important to consumers, who want to know what is in their food and where it comes from,” added Armin Nehzat, Digital Technology manager, Nestlé Oceania. “With [AMB] we are able to set up our Hyperledger Fabric network and easily invite our partners to collaborate in our supply chain transparency efforts. Amazon Managed Blockchain will enable our customers to track their products on the blockchain from the farm all the way through to consumption.”

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