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Amazon Continues to Support Blockchain Development

July 11, 2019 10:39 am by FomoHunt

United States — As the price volatility of cryptocurrency continues, Amazon is hard at work supporting development of blockchain, the underlying technology. Amazon Web Services (AWS) has built the Amazon Managed Blockchain and the Amazon Quantum Ledger Database (QLDB), services that cater to decentralized and centralized blockchain databases respectively. Amazon Managed Blockchain launched this year with support for the Hyperledger Fabric framework. Ethereum support is expected to roll out later this year.

The back-end service runs on over 1 million enterprise servers and had a 2018 revenue of close to $30 billion.