Ethereum’s blockchain could quickly be a standard as Amazon Web Service (AWS) enters blockchain. Amazon will likely be releasing a tool that is newly developed that enables users to create and manage scalable blockchain networks via public-blockchains, like Ethereum, and private and permission blockchains, like Hyperledger Fabric.
Why Does Amazon Choose Ethereum?
According to a press release on April 30, Amazon said that through its Amazon Managed Blockchain (AMB), businesses can now set a blockchain network up through the Hyperledger Fabric. Ethereum may also be offered this summer.
AWS’s new tool will purportedly enable clients to create and handle a blockchain that is scalable with just a few clicks. It even provides simple API’s so that customers can vote on memberships in their networks, and it offers a range of computing and memory capacities to suit their blockchain applications.
As Reported by Yahoo Finance, Amazon chose to support Ethereum’s blockchain because:
“Ethereum is well suited for highly distributed blockchain networks where transparency of data for all known members is important. Customer loyalty blockchain network that allows any retailer in the network to independently verify a user’s activity across all members to redeem benefits.”
Amazon Web Services is the world’s most comprehensive and broadly adopted cloud computing platform, used by customers such as Apple, which spends over $30 million a month on AWS.
Therefore, the fact that Ethereum will be on AWS this summer is very positive for its adoption and could establish Ethereum’s blockchain as the standard for open-blockchain networks.
As previously reported by IIB, Ethereum is on an trajectory that is unstoppable becoming the world’s leading blockchain by attaining real-world use on numerous fronts.
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