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Amazon Web Services Unleashes New Blockchain Service: A Game Changer for Bitcoin and More

  • Amazon Web Services (AWS) has launched a new service related to blockchain technology.
  • The new service, part of the Amazon Managed Blockchain (AMB), includes two features: AMB Access and AMB Query.
  • AWS is also focusing on Web3 business, including a collaboration with the Japan-based public blockchain, Astar Network.

Amazon’s cloud service division, AWS, has introduced a new service that enhances blockchain-related operations. The service, part of the existing Amazon Managed Blockchain (AMB), includes two features that facilitate communication with public blockchains and streamline the construction of scalable applications. AWS is also investing in Web3 business, highlighted by a collaboration with the Japan-based public blockchain, Astar Network.

Amazon’s New Blockchain Service

Amazon Web Services (AWS) has announced the general availability of a new service related to blockchain technology. This service allows developers to communicate seamlessly with public blockchains, enabling them to build scalable and secure applications more efficiently. The service is part of the Amazon Managed Blockchain (AMB), which supports the construction of resilient applications on both public and private blockchains.

Features of the New Service

The new service expands the functionality of the AMB and includes two features: AMB Access and AMB Query. AMB Access provides a feature for communicating with digital assets and decentralized applications (dApps) on multiple blockchains. It uses the technology of Remote Procedure Call (RPC) to execute instantly, initially supporting the Bitcoin (BTC) blockchain. AMB Query, on the other hand, propagates standardized and formatted blockchain data from multiple blockchains, eliminating the need for complex data conversion and high storage costs. Initially, this feature supports the Bitcoin and Ethereum (ETH) blockchains.

AWS’s Focus on Web3 Business

AWS is also making strides in the Web3 business. In June of the previous year, it announced a collaboration with the Japan-based public blockchain, Astar Network. Projects on the Astar Network selected by the community would receive approximately 10 million yen worth of AWS credits and technical support. In addition, Amazon itself is reported to be planning to release an NFT electronic market. Although there has been no official announcement, multiple sources reported in April that it was in the final stages of launching the electronic market.

Conclusion

In conclusion, AWS’s new blockchain service and its focus on Web3 business demonstrate Amazon’s commitment to leveraging blockchain technology. By providing developers with tools to communicate with public blockchains and build scalable applications, AWS is positioning itself as a key player in the blockchain and Web3 space.

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Merritt Vale
Merritt Valehttps://en.coinotag.com/
Merritt Vale is a 24-year-old woman who has a strong affinity for the Dogecoin community and has a particular love for the altcoin Shiba. With a passion for understanding the latest trends and developments in the cryptocurrency industry, Merritt provides fresh perspectives and valuable insights to her readers.
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