The Amazon logo. Photo: AFP/Emmanuel Dunand

Online retail giant launches a ‘blockchain-as-a-service’ platform, joining other tech majors rushing to roll out free-to-download template solutions

 APRIL 24, 2018 6:14 PM (UTC+8)

This year should go down in history as the year of the blockchain.

In 2017 crypto-currencies and blockchain businesses emerged. This year they literally took off. To stay up with the tech times, major companies are now investing resources into blockchain-based solutions and services.

Online retail giant Amazon is the latest to jump on the blockchain bandwagon with the launch of its own Amazon Web Services (AWS) ‘blockchain-as-a-service’ platform last week.

The system will enable developers to set up their own blockchain-based projects by using pre-designed templates. The firm’s cloud computing division is going into direct competition with similar offerings from the likes of Oracle and IBM.

Using two different platforms, AWS will enable users to access a pre-built blockchain framework upon which to expand their projects. The technology choice will be Ethereum, which currently powers the majority of new blockchain projects and initial coin offerings, and Hyperledger Fabric, an open source blockchain development solution developed by the Linux Foundation.

Crypto-currency has gone way beyond virtual money over the past year and a number of communities and companies also offer similar services on which they base the value of their digital tokens.

EOS market capitalization currently sits just over $11 billion, which makes it the fifth largest altcoin. Just like Ethereum, the community provides a type of operating system upon which decentralized applications (dApps) can be built. The network is highly scalable and provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple computers.

Berlin-based Lisk is another blockchain development provider which uses a Javascript model to allow companies to build and deploy blockchain applications.

Chinese based Neo has its own version of the development platform, Japan has Cardano, and South Korea is in there with Icon, so there is no shortage of blockchain solutions.

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