Amazon Gets Deeper into Blockchain, What Does it Mean For Crypto?

When huge tech or commerce companies get into blockchain it makes the headlines. They don’t come much bigger than retail giant Amazon which has just launched two new distributed ledger services.

When huge tech or commerce companies get into blockchain it makes the headlines. They don’t come much bigger than retail giant Amazon which has just launched two new distributed ledger services.

Yesterday Amazon Web Services (AWS) CEO Andy Jassy announced the launch of Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain according to Zdnet. He acknowledged that clients want more than just a database when using blockchain technology;

“Even though we have a lot of customers that run blockchain on top of us … we just hadn’t seen that many blockchain examples that couldn’t just be solved by a database. The culture inside AWS is that we don’t just build things… we understand what problem you want to solve and we then solve it for you.”

The first offering, QLDB, is designed to provide transparent, immutable, and a cryptographically secured record of transactions, which is overseen by a central trusted authority, in other words, a private blockchain. Jassy touted the product’s scalability adding that it will be much more flexible than existing solutions.

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