Amazon Web Services (AWS) announced a new blockchain-as-a-service called AWS Blockchain Templates, taking a big step into the world of distributed ledger technology.
The new offering will allow AWS users to easily create and deploy secure blockchain networks using the top open source frameworks like Ethereum and Hyperledger Fabric networks.
Blockchains are peer to peer networks which enhances the efficiency and immutability of transactions for business processes like supply chain management, international payments, governance, financial transactions, etc. The blockchain builds a trust between the intended parties who may not know each other. It came into implementation in 2009 as a core component for bitcoin cryptocurrency.
With cryptocurrencies and blockchain becoming talk of the town, a lot of developers need to build blockchain applications. AWS Blockchain Templates will help them to focus on building their blockchain applications rather than spending their time and energy on manually setting up their blockchain network.
The frameworks in the Blockchain Templates offer distributed consensus algorithms, smart contract functionality, and access control features.
When they choose a framework, the Blockchain Templates will deploy that framework as container on an Amazon Elastic Container Service (ECS) cluster or on an EC2 instance running Docker.
The new blockchain network will be created in the Amazon Virtual Private Cloud (VPC) of the users, so that they can use their VPC subnets and network Access Control Lists.
Working of AWS Blockchain Templates
Developers will have the functionality to assign granular permissions so that they can limit the resources accessed by Amazon ECS cluster or Amazon EC2 instance.
Blockchain Templates also include additional components which will be very useful in managing, monitoring, and browsing the blockchains.
Also read: AWS rolls out new cloud services and tools for improved compliance and security
The AWS Blockchain Templates are available at no additional charges, paying only for the resources consumed.
Image Source: Amazon
