AWS joins the blockchain party

DAVID RAMEL | November 29, 2018

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Amazon Web Services announced two cloud-based services for organizations that want to create and manage scalable blockchain networks.While both use distributed ledger technology, one service -- Amazon Quantum Ledger Database (QLDB) -- uses a trusted central authority, while the other -- Amazon Managed Blockchain -- allows multiple parties to execute transactions without a trusted, central authority.The company said both services, which were released at the AWS re:Invent conference in Las Vegas, help manage business transactions that require full auditability. 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)," the company said. "For customers who want to build applications where multiple parties can execute transactions without the need for a trusted, central authority, Amazon Managed Blockchain makes it easy to create and manage scalable blockchain networks using the popular, open source Ethereum and Hyperledger Fabric frameworks.

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