Amazon’s New Blockchain to compete with IBM and Oracle

Amazon is the latest tech giant to step into the business of cryptocurrencies. Amazon Web Services (AWS), the computing arm of the e-commerce giant has recently announced the launch of the AWS

Blockchain Templates. It has described it as “a fast and easy way to create and deploy secure blockchain networks using open source frameworks.”

This new product will compete in the market with similar products launched by IBM Corp. And Oracle Corp. It provides developers with pre-set blockchain frameworks that support two variants of the blockchain technology: Ethereum and the Linux Foundation’s Hyperledger Fabric.

Shimmer

The Chief Evangelist of AWS, Jeff Barr, has said,

“Many of today’s discussions around blockchain technology remind me of the classic Shimmer Floor Wax skit.” 

Barr has said,

“Some of the people that I talk to see blockchains as the foundation of a new monetary system and a way to facilitate international payments.” 

He further says,

“Others see blockchains as a distributed ledger and immutable data source that can be applied to logistics, supply chain, land registration, crowdfunding, and other use cases.”

Barr further says,

“Either way, it is clear that there are a lot of intriguing possibilities and we are working to help our customers use this technology more effectively.” 

The AWS Blockchain Templates has been released just six months after Oracle launched a cloud service built on the open-source Hyperledger and about a year after IBM came up with its own Hyperledger-based blockchain-as-a-service offering. 

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