How does the Blockchain Amazon?

Amazon has gotten very serious with the issue of offering services built on one of the new disruptive technologies. And it is no more than the network Blockchain. Thanks to its two solutions called Amazon Web Services (AWS), and Amazon Managed Blockchain (AMB). When you have already spent more than 11 years; and the technology of networks of chains of blocks has proved to be a real benefit to mankind; and they have even proven to be the future. And it is a super-giant like Amazon; that one of its main businesses is the provision of services in the cloud; let in the train of the Blockchain simply was not an option. On the other hand, as a company could simply rely on a Blockchain rather than proven one of the cryptocurrencies larger, without so many errors, and at a lower cost. But, when you’re one of the largest companies in the world, and with a market valuation larger than many GDP in developing countries; to create a Blockchain of 0 is no problem.

AWS and the technology Blockchain

A leader in the “new” market, it is definitely AWS, consisting of more than 175 different products and services, all available in the cloud. AWS really grew in popularity and capability over the last decade. One reason is that AWS is so reliable and safe; it is that they use a “gold standard”; which does not want to be revealed. It is because of the type of excellence that Amazon provides, that some of the most well-known brands that exist, such as Netflix, Uber and Airbnb have gone blindly by AWS. And now, they have opted for the Blockchain. Amazon has proposed to provide the solution to their customers 2 problems in particular. The first; what is inefficient that they are the central authorities for maintaining a complete record and verifiable of any type of operations. And in the second place, once removed the unreliable central authority. The parties need to provide the traceability, validation and snapshot operations. And it is here where the networks of chains of blocks will have fallen as ring to the finger to AWS. AWS offers a data base of accounting distributed. This database is a high-performance, immutable, and verifiable using cryptography, eliminating the need to design complex tables for auditing or to create a Blockchain itself for each company, said the company in a press note. According to Amazon, its Blockchain makes it easy to configure, deploy, and administer networks Blockchain completely scalable. Eliminating the need for expensive implementations consulting.

How does the Blockchain Amazon?

Amazon Web Services provides services with all the features disruptive of the Blockchain thanks to the various solutions; as we are: Amazon Quantum Ledger Database (QLDB).Amazon Manager Blockchain (AMB). Amazon Managed Blockchain is a service that is fully built that facilitates the creation and management of networks of Blockchain scalable through the use of frameworks open-source popular; as are the Blockchains Hyperledger Fabric and Ethereum. Amazon, allows you to choose their customers based Blockchain they want, if the code or the technology that uses Ethereum, or Hyperledger Fabric. According to the needs of their customers. Ethereum is suitable for networks Blockchain highly distributed, where it is important to the transparency of the data for all the members. Hyperledger Fabric, on the other hand is suitable for applications that require a strict privacy controls and permission, with a set of known members. Currently, to create a network of blockchain scalable with existing technologies is more complex to configure and difficult to manage. But, unlike many of our competitors. Amazon Managed Blockchain is a service fully managed that allows you to configure and manage a network of Blockchain scalable with just a few clicks, express Amazon. In addition, Managed Blockchain can replicate a copy immutable in his activity of network of chains of blocks to Amazon Quantum Ledger Database (QLDB), a database of book more completely adminsitrada by the agents that it employs.

Use cases

Manufacturers: Those who wish to store data from multiple systems on a single Blockchain. Able to accurately track the cycle of production, the supply chain and the way in which its products are distributed.Human resources: Those who wish to keep an accurate record of all their employees, payroll, bonuses and yields.Insurance: The signatures of insurance often need an efficient way of bringing the history of transactions, and demands of all its customers.Trade: For those consortia business in an attempt to reduce the time and complexity of the cross-border payments, and the transfer of assets with different interest rates. It also allows transactions with different parties at the same instant, and without major problems.Banking: Try to eliminate the friction that exists among all the banks that have granted a syndicated loan. The following two tabs change content below. Economics student at UCV. Advocate of individual freedoms and of course also of the market and the cryptocurrencies.

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