Amazons New Blockchain Service to Compete With Oracle IBM

first_imgLet us know what you like about Geek by taking our survey. Master Blockchain With These Easy Online CoursesAtari Explains What ‘RollerCoaster Tycoon’ On Blockchain Even Means Amazon Web Services last week announced a new blockchain program—with a little help from The Not Ready For Prime-Time Players.“Many of today’s discussions around blockchain technology remind me of the classic [Saturday Night Live] Shimmer Floor Wax skit,” AWS Chief Evangelist Jeff Barr wrote in a blog post.Dan Aykroyd believes Shimmer is a dessert topping, while Gilda Radner claims it’s a floor wax. Chevy Chase confirms it’s both.“Some of the people that I talk to see blockchains as the foundation of a new monetary system and a way to facilitate international payments,” Barr said. “Others see blockchains as a distributed ledger and immutable data source that can be applied to logistics, supply chain, land registration, crowdfunding, and other use cases“Either way,” he continued, “it is clear that there are a lot of intriguing possibilities and we are working to help our customers use this technology more effectively.”So the cloud computing firm launched AWS Blockchain Templates, providing a fast and easy way to create and deploy secure blockchain networks using the Ethereum or Hyperledger Fabric networks.Invented in 2008 for use in the cryptocurrency bitcoin, blockchain remains a mystery to many. The technology allows for information to be managed and organized without an intermediary like a bank, government, or accountant.Its best-known (but by not means only) application is the digital payment system bitcoin, which cuts out the middleman to enable direct electronic cash transfers.The scheme relies on members of the general public to validate and timestamp transactions. Those transactions are then added as “blocks” to a cryptographically protected, unalterable chain (hence the name) and shared on a private (with restricted membership) or public network.AWS Blockchain Templates comes just six months after Oracle unveiled a cloud service built on the open-source Hyperledger, and about a year after IBM revealed its own Hyperledger-based blockchain-as-a-service offering.center_img Stay on targetlast_img

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