Q. Amazon officially joins the blockchain party?
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Amazon officially joins the blockchain party?

Regardless of previous small forays into the blockchain space, Amazon is now officially a part of the blockchain occasion after launching two new blockchain oriented offerings.

The offerings known as Amazon Managed Blockchain (AMB) and Quantum Ledger Database (QLDB) were announced yesterday at Amazon’s re:Invent conference, reports TechCrunch.

In line with the AMB website, the platform will deliver a “totally managed service” that makes it possible for customers to effectively enhance and managed “scalable blockchain networks.” It might sound like everything blockchain has been missing, but time will tell whether or no longer this finally ends up being the case.


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Blockchain

Blockchain is the backbone technology that powers cryptocurrencies. Simply put, it’s like email for money (and many other things) which anyone can access, no central authority controls, and is practically impossible to censor.
Blockchains are already beginning to transform everything in our financial system, from commerce to capital markets. It is still early days but blockchains will be as transformative as the printing press, the internal combustion engine, or even the internet itself. The exponential and disruptive growth of Blockchain will come from the convergence of public and private Blockchains to an ecosystem where firms, customers and suppliers can collaborate in a secure, auditable and virtual way.

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