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Amazon Plays Its Own Game With Enterprise Blockchain
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Image Credit: Do you have mechanisms to make this more difficult? Their logos can be seen on the Amazon Managed Blockchain website. Back in , Amazon hosted Corda on its marketplace, allowing customers to deploy and use dApps on the R3-developed blockchain. Inking relationships Curiously enough, Amazon has recently partnered with a number of blockchain solutions providers, but the new products have been developed exclusively by the AWS team, Pathak told CoinDesk. Subscribe Here! Another way to solve this problem for blockchain projects is to include nodes not hosted at AWS, Pathak said, suggesting that, in the end, some decentralization still might be needed. Other necessary parts are the constellation of identity, key management, business process modeling services, smart contracts instruments and other tools around the blockchain technology itself. In fact, AWS is stating that blockchain is not needed for the most touted enterprise blockchain use cases. But once the journal transactions are published, they cannot be changed even by AWS without detection. That announcement was the next step in a long-running process that has seen the cloud giant continuing to dip its toes ever-deeper into the blockchain pond. Curiously enough, Amazon has recently partnered with a number of blockchain solutions providers, but the new products have been developed exclusively by the AWS team, Pathak told CoinDesk. Amazon becomes a trusted third party instead of us going into a consortium where you have to worry about that person leaving or another person joining. Invent event that lets clients build their own cloud-based blockchains, using Hyperledger Fabric or ethereum as templates for such projects. While the approach may be winning plaudits from enterprises, participants on the AWS subreddit recently struck skeptical tones during an AMA in late November after the twin services were launched. Another one reminded about the core principles of blockchain: That offering is being marketed as a radically easier way to build cryptographically protected databases, and Amazon is betting that in some cases, customers will prefer that to any kind of blockchain solution. Pathak added that QLDB is designed for the use cases when there is a trusted authority recognized by all participants and centralization is not an issue. Previously, AWS showed its hand by striking partnerships with firms like bank-backed startup R3 and, later, the ConsenSys-tied Kaleido. In May, another partnership was announced with the ConsenSys-backed startup Kaleido, which builds enterprise blockchains on ethereum. This process has included the development of private blockchain prototypes using ethereum, Hyperledger, and some of the options available on Microsoft Azure. They are trying to catch up with other vendors who have been offering something like this over the last year or two. The core virtue of distributed ledgers is the avoidance of centralized authorities. This list includes communication giant Verizon, electronics manufacturer Philips, clearing and settlement provider DTCC, aircraft engine supplier GE Aviation, insurance companies Liberty Mutual and Guardian Life, software vendor Workday and healthcare technology provider Change Healthcare.