Amazon Web Services launches ‘blockchain templates’

Amazon.com wants to make the item easier for developers to create projects based on the blockchain technology underlying bitcoin along with also additional cryptocurrencies.

The company’s cloud computing division launched “AWS Blockchain Templates” on Thursday. The product gives users pre-set blockchain frameworks that will support two versions of the technology: Ethereum along with also the Linux Foundation’s Hyperledger Fabric.

Blockchain eliminates the need for a third-party intermediary, such as a bank, by quickly creating a permanent, secure record of transactions.

Start-ups along with also major corporations alike are working to apply the technology to supply-chain management, financial services, property records along with also many additional industries. Bitcoin is actually the first application of blockchain.

IBM, which also features a cloud computing service, is actually one of the leaders in enterprise blockchain development. The company reported $5.5 billion in revenue by cloud inside fourth quarter of last year.

For the same quarter, Amazon reported $5.1 billion in revenue by AWS. Jeff Bezos’ company is actually set to report earnings Thursday, April 26.

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