Amazon Web Services Opens Blockchain Building Service Up for Wider Use

Amazon Web Services, the e-commerce giant's cloud computing arm, has launched its Managed Blockchain service for wider use among enterprise clients.

AT&T, Nestle, Accenture and others are already using the service, AWS announced.

Initially revealed last November, Amazon Managed Blockchain is said to allow clients to create and manage blockchain networks more easily and economically using open-source frameworks like Hyperledger Fabric.

"You can create your [blockchain] network in minutes. You can manage certificates, invite new members, and scale out peer node capacity in order to process transactions more quickly."

Support for the ethereum network is still in the works and is expected to be made available later this year, AWS said.

It's worth noting that the service is currently available only in AWS' U.S. East region, although more areas are expected to be opened up in the "Coming year."

"With Amazon Managed Blockchain, we are able to set up our Hyperledger Fabric network and easily invite our partners to collaborate in our supply chain transparency efforts. Amazon Managed Blockchain will enable our customers to track their products on the blockchain from the farm all the way through to consumption."

Securities and derivatives trading platform Singapore Exchange, on the other hand, is working with AWS to move its existing work on Hyperledger Fabric to Amazon Managed Blockchain, said its head of blockchain technology, Andrew Koay.

Accenture, non-profit foundation MOBI and enterprise asset management company TrackX are also using the service, according to AWS. Amazon image via Shutterstock; Managed Blockchain image via AWS..