Amazon Intros Blockchain Templates

Amazon Intros Blockchain Templates

Amazon Intros Blockchain Templates

Blockchain Templates is offered as an additional service for Amazon Web Services (AWS) and is powered by a range of open-source frameworks.

The blockchain template for Hyperledger Fabric creates an EC2 instance with Docker and launches a Hyperledger Fabric network using containers on that instance.

Last month, a survey by LendEDU found that more than half of Amazon users said they would consider using an Amazon-built cryptocurrency around the site.

"Your blockchain network is created in your own Amazon VPC, allowing you to use your VPC subnets and network Access Control Lists", the company said.

Amazon Web Services (AWS) recently unveiled new AWS Blockchain Templates, frameworks that allow users to quickly build a secure blockchain networks through Ethereum or Hyperledger Fabric, according to a press release.

Blockchain enables applications where multiple parties can record transactions without the need for a trusted, central authority to ensure that transactions are verified and secure by establishing a peer-to-peer network where each participant in the network has access to a shared ledger where the transactions are recorded. In October 2017, Oracle released a new platform created to help businesses use blockchain technology for supply chain management and smart contracts.

Using these templates, clients would be able to focus on building their blockchain applications instead of spending time and energy on the manual setup of their blockchain network.

Amazon isn't the first to market with this kind blockchain product. "Either way, it is clear that there are a lot of intriguing possibilities and we are working to help our customers use this technology more effectively." . Hyperledger is used for private blockchains with sensitive data where all the nodes are controlled within the organisation. Ethereum is a good option for those who prefer to transact with peers on the public Ethereum network, or want to utilize Ethereum's Solidity smart contract language. The docker-local option also runs within a VPC, and launches the Docker images on EC2 instances. In addition to Blockchain Templates, AWS is also investing in blockchain through its partner ecosystem and infrastructure services.

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