Amazon Presents Its Quasi-Blockchain Solution, Platform for Ethereum and Hyperledger Fabric
More about Amazon’s recent blockchain-related offerings.
On Nov. 28, e-commerce giant Amazon announced two blockchain-related products: Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain. The company hence marked its further expansion into the field of blockchain technology, which started with blockchain-related patents and collaborations that Amazon has seemingly chose over working with cryptocurrencies, per se.
So what are those new projects and are they going to change the crypto industry?
QLDB: Cryptographic, but centralized database
As per Amazon’s website, QLDB is a ledger database designed to provide “transparent, immutable and cryptographically verifiable log of transactions,” which is overseen by “a central trusted authority.”
Thus, all changes are purportedly recorded on-chain, while the new product is also able to automatically scale to “execute 2–3X as many transactions…
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