Amazon Integrates Blockchain Technology Into Its Services

Amazon Web Services (AWS), the secure cloud services platform from Amazon.com, Inc (AMZN) that offers computational power, data storage, content delivery, and hosting services, has made a foray into the newly emerging “blockchain-as-a-service” (BaaS) offering. This new service was launched late last week under the name AWS Blockchain Templates, and will now allow AWS to directly compete against similar offerings from Oracle and IBM.
Though blockchain is acknowledged as an efficient and secure data storage system, the process of creating, running, and managing a blockchain is very complex. This complexity has led many businesses and enterprises to stay away from implementing this efficient system, despite the numerous benefits it offers. This model allows “outsourcing” blockchain operational work, allowing the purchasing business to focus on its core business activities.
All the AWS templates are certified to work as open-source frameworks, which allow easy, instant deployment and configuration of blockchain software that helps a business create their own instance of a decentralized network as per their choice. AWS Blockchain Templates offer the clients necessary tools for easy management, monitoring, and real-time browsing of their hosted blockchains. Like the standard SaaS billing model, AWS Blockchain Templates are charged on a “Pay-as-you-go” basis.