How AWS Managed Blockchain Helping Business to Grow
AWS is an Amazon introduced blockchain network allowing users to create and manage scalable blockchain networks. Amazon Managed Blockchain is a managed service that makes it effortless to oversee and improve blockchain networks using the best-in-class open source frameworks Hyperledger Fabric and Ethereum. It significantly cuts down the overhead needed to join a private or public network.
What is AWS Blockchain?
Blockchain is an emerging technology that makes it possible to build secure, distributed, peer-to-peer networks. Blockchain is rightfully termed as a digital ledger of duplicated transactions. It is spread across the entire network of systems on the Blockchain. As a database, blockchain stores data in digital format.
Amazon-managed Blockchain is a cloud-based service that provides everything you need to create your Blockchain in the cloud. Amazon Managed Blockchain enables users to set up public or private networks quickly and easily. This allows users to maintain and manage the Blockchain productively while keeping the applications running and transactions flowing without interruption. Let us find out the features making AWS Blockchain a digital tool in modern days.
AWS Blockchain Features
Fully Managed Network
AWS Blockchain helps you create multiple accounts, coordinate and execute transactions without a central authority. It nullifies the need for self-host blockchain infrastructure and allows you to scale your products quickly.
Choice of Blockchain Framework
AWS Managed Blockchain enables you to choose from the two blockchain frameworks
- Hyperledger Fabric
- Ethereum
Safe and Scalable
The more is the number of applications on the network, the more it scales the network. Using Managed Blockchain’s APIs, a network member can easily add a new peer node to create and validate transactions when needed. Several Amazon Managed Blockchain types include varying combinations of CPU and memory so that you can manage the right resources to your workload.
Credible
AWS Blockchain enhances ordering management with superb Amazon Quantum Ledger Database (QLDB) technology. With a default ordering service of Hyperledger Fabric, Apache Kafka maintains the conversation of transactions throughout the network. Simultaneously, Kafka helps send transactions throughout the network in a smooth, uninterrupted flow.
How SGX used AWS Managed Blockchain to Build Innovative Payment Solutions?
Singapore Exchange Limited (SGX) is an investment holding company in Singapore. It is a global multi-asset exchange company empowering the transformation of critical financial-market infrastructures by technological advancements.
SGX has recently explored the use of Blockchain to codify rights and commitments consistently and coherently to build a digital peer-to-peer marketplace. Initially, they faced significant challenges in using blockchain infrastructure in a highly regulated, mission-critical environment. But their decision to move forward with the AWS Managed Blockchain Hyperledger Fabric framework changed the story. AWS Managed Blockchain helped SGX to create and manage scalable blockchain networks easily.
SGX has now successfully set up a blockchain network to conduct significant experiments with the technology. They need not worry about managing complex API integrations covering banking systems. It eventually increases the efficiency of data and transaction transfers. Now, AWS Managed Blockchain allows SGX to focus on adding business values instead of managing and scaling the fundamental policies.
SGX no more needs intermediating agencies to process and send information back and forth. The company is looking forward to reducing the trade settlement time by up to 60%. Thanks to AWS Managed Blockchain, SGX now thinks to experiment and adopt critical systems.
How BizCloud helps customers #BUILDSOLUTIONSFASTER
If you’re looking to deploy AWS blockchain, reach out to BizCloud Experts. We are an Advanced Amazon Consulting Partner and blockchain development company. We have a proven record of successfully deploying end-to-end blockchain platforms. We help you leverage AWS blockchain. Our expert DevOps offers faster and more innovative solutions for your enterprises. Biz Cloud Experts have successfully explained how AWS Managed Blockchain has reduced risk by eliminating process and transaction fees. As an AWS Channel Reseller, we offer a vast range of services, which includes
- Access to AWS technology partner ecosystem
- Marketing and business support
- License rights to sell AWS to end customers
- Technical and operational training
- Connect with other AWS partners around the world
Our efficient ideas help companies grow in SMAC (Social, Mobile, Analytics, and Cloud). Besides the above, we have masterfully done Server-less Computing, Service Catalogue Consulting, Cloud Formation, and Web Service (API) Gateway.
We help customers acknowledge the boon of technology and its benefits. For a far better customer experience, merge your proficiency with our expertise and deliver exceptional outcomes.
