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Blockchain As A Service Aws

Ibm. Azure. Aws. Blockchain As A Service Market Booming - Business Insider

Ibm. Azure. Aws. Blockchain As A Service Market Booming - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our What is Blockchain Technology as a Service? Don & Alex Tapscott , authors of the Blockchain Revolution 2016, define the blockchain technology as an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions, but virtually everything of value. The blockchain is a ledger, or list, of all of a cryptocurrency's transactions, and is the technology underlying Bitcoin and other cryptocurrencies. As for blockchain technology itself, it has numerous applications, from banking to the Internet of Things. In the next few years, BI Intelligence , Business Insider's premium research service, expects companies to flesh out their blockchain IoT solutions. But a few companies have already released their blockchain technology as a service. IBM Blockchain empowers businesses to digitize transaction workflow through a highly secured, shared, and replicated ledger. It is a public cloud service that customers can use to construct secure blockchain networks. IBM Blockchain has joined The Hyperledger Project to evolve and improve upon earlier forms of the blockchain. IBM Blockchain Platform states itself as the only fully integrated enterprise-ready blockchain platform designed to accelerate the development, governance, and operation of multi-institution business networks. IBM claims their blockchain product is built in a highly auditable way to track all of the activity that happens within a network, which would give administrators an audit trail in the event something did go awry. Blockchain as a Service (BaaS) by Microsoft Azure claims to provide a r Continue reading >>

Aws On Blockchain Reluctance: We Dont Build Technology Because We Think The Technology Is Cool

Aws On Blockchain Reluctance: We Dont Build Technology Because We Think The Technology Is Cool

At a time when many companies are rushing to embrace blockchain technology, Amazon Web Services (AWS) has adopted a more cautious looking but not touching approach. At this yearsAWS re:Inventconference in Las Vegas, CEO Andy Jassy made clear AWS stance on the popular technology, telling journalists that while they have a lot of customers and partners who either build blockchains on top of AWS or are building services to use blockchain on top of AWS, they have no plans to integrate the technology themselves anytime soon. We dont yet see a lot of practical use cases for blockchain that are much broader than using a distributed ledger. We dont build technology because we think the technology is cool, we only build it if we think we can solve a customer problem and building that service is the best way to solve it. While the cloud services platform, which boasts such high profile customers as the NFL, Time Warner, and the Walt Disney Company, isnt necessarily averse to rolling out a blockchain product at some point, AWS says that isnt a need for it at this time. As far as Jassy is concerned, there arent many use cases for blockchain technology beyond the distributed ledger. He noted that most of the use cases for which their customers are turning to blockchain technology can already be solved using other technologies most of which AWS already has within its existing capabilities. Competitors Rush in Where AWS Wont (Yet) Tread AWS has many competitors in the cloud services space and many of those competitors, including IBM and Microsoft, are more optimistic about blockchain technology and distributed ledgers. This year, Microsoft rolled out Coco, a framework designed to facilitate blockchain adoption by adapting existing blockchain protocols or by creating entirely new prot Continue reading >>

Amazon Web Services Not Interested In Blockchain

Amazon Web Services Not Interested In Blockchain

Amazon Web Services Not Interested in Blockchain Amazon Web Services (AWS) CEO Andy Jassy stated that he did not see many use cases for blockchain technology beyond distributed ledgers, adding that AWS does not build technology because we think it is cool. Jassys comment refers to the rise in popularity of blockchain technology, which has not been met by current blockchain uses. The cloud computing giant announced it has no plans to launch blockchain-based technology. Several cryptocurrency foundations have partnered with major players in the industry. Ethereum,the second largest cryptocurrency by market capitalisation, has partnered with Accenture, IGM and Intel. And the IOTA foundation has recently teamed up with Microsoft, Cisco and Volkswagen.AWS might not see blockchain technology applying to their use cases, but Jassys lack of faith in blockchain is a stark contrast from the partnerships mentioned above. Blockchain technologys practical uses are currently limited. New uses are being pioneered, but whether Jassys scepticism proves to be warranted, will depend on what exactly these pioneers manage to create. Continue reading >>

Aws No To Blockchain As A Service, Yes To Distributed Ledgers?

Aws No To Blockchain As A Service, Yes To Distributed Ledgers?

Amazon held their annual AWS re:Invent Conference recently in Las Vegas. Attendance numbers were staggering, with over 42,000 people thronging to Vegas (almost 3 times the size of my towns entire population!). As with previous conferences, the announcements of new features, products, and capabilities came out at breathtaking pace. This left most of us still trying to digest the impacts and potential benefits, drinking from the proverbial firehose. Buried in all the new feature announcements, there was a small item during a press conference with AWS CEO Andy Jassy that caught my eye. A question was posed to him about his teams plans for a blockchain service. Jassy responded that in his view there are not a lot of use cases beyond distributed ledgers . He added that they (AWS) dont build technology because they think its cool. That sound you hear, blockchain enthusiasts hearts breaking It was a single question in a much larger press conference, that was part of an even larger technology conference filled with big announcements. Even so, when the 800lb gorilla of the public cloud industry says something about a technology, people listen. Blockchain enthusiasts definitely heard, and hearts were breaking. I dont disagree with Andy Jassys perspective of not going after the shiny new toy. Anyone that has followed me knows, my mantra is Technology is not the destination, its the vehicle. There is no arguing, blockchain is high on the hype. It is seen by many as the next shiny new toy. In Gartners most recent hype cycle for emerging technologies , blockchain is approaching the peak. There are some who think it may even solve world hunger ! That being said, I do believe blockchain is more than a shiny new toy. In that same hype cycle report, Gartner considers blockchain as one o Continue reading >>

Aws Launches Blockchain Partners Portal

Aws Launches Blockchain Partners Portal

Cloud Computing , Featured , Network Infrastructure , Software AWS announces new program for blockchain integration Amazon Web Services (AWS) recently announced it is investing in blockchain technology through its partner ecosystem program. According to the company, the AWS Blockchain Partners Program supports customer integration of blockchain solutions with systems built on AWS. Among the Blockchain Partner Solutions available as one-click deploy include: Sawtooth Supply Chain, Sawtooth 1.0, R3 Corda, PokitDok and Blockapps Strato. AWS provides the broadest and deepest capabilities with the largest global infrastructure for building end-to-end blockchain solutions, wrote Ale Flores, global segment lead for blockchain at AWS , in a company blog post announcing the portal. We invite you to check out current blockchains and review reference architecture, deployment strategies, and development tools on our new portal page. Blockchain is a technology that helps keep record of transactions made online. It has grown in popularity in recent years due to the digital currency bitcoin. The technology allows users to forward bundles of records called blocks into a chronological chain. Using blockchain, users can keeps tabs on digital transactions through a decentralized, distributed approach, while eliminating the middleman. According to a recent report published by IndustryARC , the blockchain market is expected to cross $6 billion by 2023. The news follows AWS CEO Andy Jassy reportedly expressing disinterest in the technology at the companys annual re:Invent conference in Las Vegas last month. According to Jassy, the company did not see many practical use cases for blockchain beyond using a distributed ledger. He said many use cases that blockchain seeks to address can be reso Continue reading >>

Dont Expect Aws To Launch A Blockchain Service Anytime Soon

Dont Expect Aws To Launch A Blockchain Service Anytime Soon

Bitcoin may be reaching for new heights, but dont expect AWS to launch a service thats based on the underlying blockchain technology anytime soon. During a press conference at AWS annual re:Invent conference in Last Vegas, AWS CEO Andy Jassy took a question on his teams plans for a blockchain service. Jassy seemed anything but enthused about the prospect. In his view, there arent a lot of use cases of the blockchain beyond the distributed ledger. He also stressed that AWS doesnt build technology because we think it is cool. In his view, there are plenty of other ways to solve the problems that blockchain technology aims to solve, too, and that many of the distributed ledgers available right now remain very limited in their capabilities. Still, he allowed for some room to work on a blockchain product in the future: We are very intrigued by what customers are ultimately going to do there, Jassy said. AWS competitors like Microsoft and IBM seem to feel more bullish about blockchain services and distributed ledgers. Over the course of the last few months, weve seen a number of them launch both blockchain services and pilot projects with a number of their customers. For the time being, though, it doesnt look like Amazon plans to join this group. Continue reading >>

The Blockchain Quest: Why Aws Is Saying Nay While The Rest Of The World Goes Yay

The Blockchain Quest: Why Aws Is Saying Nay While The Rest Of The World Goes Yay

The Blockchain quest: Why AWS is saying nay while the rest of the world goes yay Google, Goldman Sachs and many large banks are betting on Blockchain tech, but Amazon Web Services will wait and watch as it doesnt build technology because we think it is cool. Last week, Amazons re:Invent had over 40,000 developers and businesses attending the technology conference in Las Vegas, Nevada. While every technology from Artificial Intelligence (AI) to Internet of Things (IoT) was discussed and certifications doled out to enthusiastic developers, Andy Jassy and Werner Vogels, the CEO and CTO of AWS, were reserved about Blockchain. The distributed ledger technology, which is behind the Bitcoin cryptocurrency, allows transactions between multi-parties to be transparent and seamless; it ensures information cannot be tampered with. Everyone sees such a transaction as a smart contract. However, the AWS head honchos think differently. Andy says: A lot of our clients are building on top of Blockchain. But, I think the technology does not have the use cases yet for us, beyond the distributed ledger. He adds AWS wants to spend time building technology that can be used by developers, rather than building something cool. There is a reason why Amazon may not be betting on this technology. If Blockchain has to take off, it has to probably track and close thousands of contracts per second. The stock and bond markets, with billions of transactions between parties every day, are a classic example. Current legacy systems handle trade on a real-time basis, but work in silos and do not talk to each other. Unfortunately, today they have an edge because Blockchain technology handles only a handful of transactions a second. Arifa Khan, the representative of Etherium Foundation in India, says, Blockc Continue reading >>

Aws Makes A Range Of Dlt Solutions Available To Users

Aws Makes A Range Of Dlt Solutions Available To Users

AWS makes a range of DLT solutions available to users Colm is editor of The Block, bringing the most important blockchain developments to both businesses and consumers. Amazon Web Services (AWS) has made a number of distributed ledger technology (DLT) solutions available to its users. The partners announced as part of the scheme are Hyperledger Sawtooth, Corda R3, PokitDok, Quorum and Samsung NexLedger. AWS network of users can now use these solutions to build and deploy applications in areas ranging from finance, commerce and supply chain management to healthcare and life services. AWS provides the broadest and deepest capabilities and the largest global infrastructure for building end-to-end blockchain platforms, cost efficiently and at scale. APN Technology and Consulting partners offer a rapidly growing selection of blockchain and distributed ledger solutions with support for multiple protocols. A number of use cases have already been highlighted by AWS. Mobile network operator T-Mobile has built an identity and authentication platform with Sawtooth to accompany its serverless development platform, Jazz. PwC currently utilises a blockchain-based smart contract solution to auto-approve claims and trigger payments, which lessens the need for manual intervention. The solution was built on AWS and uses a range of the companys services. This announcement marks a significant milestone for enterprise-grade blockchain technology, David E. Rutter, CEO of R3, said. Cordas strength comes from its vibrant ecosystem of interoperable applications, and extending the pool of potential developers to the vast network of Amazon Web Services users will spark further innovation amongst businesses building innovative DLT apps for finance and commerce. Despite the interest in DLT, AWS ar Continue reading >>

Blockchain On The Cloud: Aws Blockchain Portal

Blockchain On The Cloud: Aws Blockchain Portal

Blockchain on the Cloud: AWS Blockchain Portal 2018 is only 44 days young and, without a doubt, blockchain technology has become one of the most talked about stories in the world. Central to all this has been the cloud, which has been criticalnot just to blockchain butalso to the massiverise of cryptocurrencies as well. While a blockchain is essentially a giganticledger / database held together and secured via cryptography,cryptocurrencies are powered by the encryption techniques used to control the creation of the currency and also transfer it (and, not coincidentally, kept track of via blockchain). Key to all this is the strength of the digital cryptography, and in that is the real value of both technologies: secure, nearly-tamper-proof repositories of information. An almost unheard of thing in the modern digital age. During AWS re:Invent (the largest cloud event in the world), AWS CEO Andy Jassy took questions regarding blockchain . He seemingly snubbed the idea that AWS would build their own blockchain service or get involved in blockchain technology. That was said all while Coinbase , the worlds leader in bitcoin transactions, has used AWS to power their cryptocurrency exchange for their 3 million customers, and Luno , the developers of the Bitcoin API, have relied on AWS to power their own bitcoin wallet. In many respects, AWS is already a cornerstone for blockchain and cryptocurrencies. Yet less than a month later, Amazon Web Services announced their Blockchain Partners Portal , providing access to agrowing market of blockchain solutions to the AWS customer base. Blockchain technologyis more than just a tool for cryptocurrency startups and major financial institutions.The many benefits of cloud computing (custom-fittingcapacity planning, increased speed and agil Continue reading >>

The Rise And Rise Of Blockchain As A Service

The Rise And Rise Of Blockchain As A Service

As of February 2017, blockchain was the second most-searched-for term on Gartner.com , having increased in volume by 400% in the last 12 months. Gartner The potential of Blockchain as a Service (BaaS) has already been recognized by some of the worlds largest software companies. In fact, the big three cloud providers, Amazon, Microsoft, and IBM have developed BaaS platformsthat arealready available to their cloud customers. Other companies like Google have bought up blockchain technology firms like Firebase in order to try to secure a foothold in what is shaping up to be a highly lucrative market. A recent article in Bitcoin Magazine predicted that the Blockchain Technology Market to Reach $7.7 Billion by 2024 . However, many industry insiders put their figures much higher, particularly given the phenomenal gain in popularity of blockchain based technologies resulting from 2017s meteoric rise of Bitcoin and other cryptocurrencies. While we are all just going to have to wait and see just how big the blockchain technology market is going to become, given that it has huge potential benefits for just about every major industry in the world today, what is certain is that blockchain is set to make some pretty big waves in the years to come. Given this fact, I want to explore in more detail exactly what this new technology is and how it can be used to help businesses of all shapes and sizes. I will examine the services that the three biggest BaaS providers are currently offering to try to get the best idea of what the potential of this technology really is. To fully understand what Blockchain as a Service is you first need to understand what blockchain technology is all about. Blockchain is essentially a digital ledger that allows data to be written into blocks. As a new block Continue reading >>

Aws Blockchain Partners Portal: An Amazon About Face?

Aws Blockchain Partners Portal: An Amazon About Face?

In the past, you would work on a Word document, and while you were editing it, others in your company were unable to access the document for editing. Then came Google Docs, and the ability to edit documents in real time with multiple people. The same situation applied to databases for applications and software programs. While a program or person was editing one part of the database, it would lock everyone else out of accessing and editing the same data. The creation of blockchain technology has done something similar to the creation of Google Docs. Through blockchain technology, data exists as a shared and continually reconciled database. The blockchain database isnt stored in any single location and is hosted by millions of computers simultaneously. According to AWS , Blockchain is the application of a technology in which a list of records, or blocks, are cryptographically linked to one another via timestamps and other attributes. Blockchains are resistant to data modification since the alteration of one block requires consensus across the recorded chain or ledger. Although blockchain was originallycreated for use with Bitcoin, the technology is now being used in many new ways. Since the technology is built on a system of checks and balances, its use in the financial sector makes the most sense, but other industries are now also seeing the benefits. From healthcare to supply chain management to security, the technology is paving the way for a new version of the internet. This week AWS announced theAWS Blockchain Partners Portal. This move is an effort tosupports customers integration of blockchain solutions with systems built on Amazon Web Services. Some folks consider the announcement an about-face of sorts. During AWS re:Invent 2017 in November, AWS CEO Andy Jassy s Continue reading >>

Aws Not Buying Into The Blockchain Hype

Aws Not Buying Into The Blockchain Hype

In announcing over 20 new features during his day one keynote at AWS re:Invent, CEO Andy Jassy's blockchain omission was deliberate, as he's not interested in focusing on the technology that is currently caught up in so much industry hype. Public preview of EC2 Bare Metal Instances On the official first day of AWS re:Invent, Amazon Web Services CEO Andy Jassy unveiled a slew of announcements, with over 20 new features and services fired out over the duration of his opening keynote. With the Internet of Things (IoT) and machine learning taking centre stage on Wednesday morning, and Jassy himself touting machine learning as the buzzwords worthy of its hype , one industry buzzword that didn't get any air time was blockchain. Speaking with journalists following his keynote, Jassy revealed that AWS does spend a lot of time looking at blockchain , but it isn't something users should expect services to be focused on in the immediate future. Also: Alexa for Business likely to win in smart office "We have a lot of customers and partners who either build blockchains on top of AWS, or are building services to use blockchain on top of AWS," Jassy said. "We're watching it carefully." "We don't yet see a lot of practical use cases for blockchain that are much broader than using a distributed ledger. We don't build technology because we think the technology is cool, we only build it if we think we can solve a customer problem and building that service is the best way to solve it." According to Jassy, the vast majority of use cases that customers are turning to the blockchain for can be solved using other methods, most of which AWS boasts within its existing capabilities. "There are other ways to solve those problems," he said. "We are very intrigued by what customers are ultimately g Continue reading >>

Ethereum Is The Aws Of Blockchains

Ethereum Is The Aws Of Blockchains

Father, Entrepreneur, Developer, CTO of Waysay, 7 Yrs @ Salesforce & ExactTarget I hate reading crypto articles that preclude the meat of the story with the entire history of Bitcoin and blockchain only to leave you with the new information appended at the end hmm, kinda like a blockchain no? Lets just SegWit this one and assume you know enough about blockchain to understand why the technology is important. Why has the price of Ether gone up ~800% since January1st? Answer: Investors are speculating that blockchain technology will become ubiquitous across all industries, in our daily lives and in every nook and cranny of the global economy. So, if youre an investor that believes the prevailing theory that this Blockchain thing is BIG, like internet 3.0 BIG, what specifically do you bet on? Answer: Ethereum and specifically its crypto-currency Ether (ETH) Ethereum is like Amazon Web Services for blockchain technology. Organizations looking to harness blockchain(s) need not worry about implementing their own proprietary blockchain network if they build their solution on Ethereum. Theyll pay a small fee in the form of gas to the network in exchange for executing the logic contained within their smart contracts programs that run on the Ethereum Virtual Machine, written in Solidity, a javascript like language. This paradigm can be thought of the same way that Amazon Lambda works today a function that waits in the Amazon cloud and executes its logic when called upon. With Ethereum however, the cloud is decentralized - there is no Amazon like entity that owns the network or infrastructure. Its made up of nodes that can be owned and operated by anyone using the laptops, Raspberry Pis and desktops we already have. In the near future our phones will also join in before long, well Continue reading >>

Blockchain Technology | Microsoft Azure

Blockchain Technology | Microsoft Azure

The more replicas there are, the more authentic the ledger becomes. Microsoft is bringing blockchain to the enterprise, working with customers, partners, and the blockchain community to continually advance its enterprise readiness. Our mission is to help companies thrive in this new era of secure multiparty collaboration by delivering platforms and services that any companyincluding ledger startups, retailers, health providers, and global bankscan use to improved shared business processes. As an open, flexible, and scalable platform, Azure supports a rapidly growing number of distributed ledger technologies that address specific business and technical requirements for security, performance, and operational processes. Our Data and AI platform provides unique off-chain data-management and analysis capabilities that no other platform offers. And the vast Microsoft partner ecosystem extends the capabilities of our platforms and services in unique ways that fit specific workload and industry needs. Azure provides a rapid, low-cost, low-risk, and fail-fast platform for organizations to collaborate on by experimenting with new business processesand its all backed by a cloud platform with the largest compliance portfolio in the industry. Get started on the blockchain that best fits your scenario with our easy-to-deploy templates for the most popular ledgers. Whether you're modeling your shared process through a single-member proof of concept or building a multimember consortium, we offer tools that reduce the time you spend building and configuring your blockchains network infrastructure, so you can focus on building your workflows and smart contracts. Build and connect distributed applications, and integrate Blockchain with the cloud services and tools your organization alrea Continue reading >>

How Can Blockchain-as-a-service Help Your Business?

How Can Blockchain-as-a-service Help Your Business?

How Can Blockchain-as-a-Service Help Your Business? Have you seen the price of Bitcoin?,You gotta get in on Ripple, its going through the roof!,Are we in a crypto bubble? Is it all going to crash? You may have heard all the hype about cryptocurrencies over the past year. But what people arent talking about as much is the valuable technology that underpins Bitcoin, Ethereum, Ripple, and all the other cryptocurrencies out there. That technology is blockchain, and its something that may have a tremendous impact on the future of your business, especially if international financial transactions, supply chain management, and data security are important to your company. What exactly is blockchain, how can it help your business, and how can your business experiment with the technology? (Infographic Source: Startupmanagement.org) The fundamental concept of a blockchain is that there is no centralized authority that lords over your transaction data and determines what is true or false or right or wrong. When a transaction is requested, instead of a single, centralized party verifying and executing this transaction, it gets distributed across many nodes (aka other peoples computers), where it is validated and confirmed. Once verified, a new block of data is recorded in hash functions and timestamps and added to the existing chain (hence, blockchain) of transactions, making your transaction immutable and permanent. Now, your transaction is complete. So, you go to your PayPal app and send her money. For this transaction to be verified and executed, PayPal, the centralized entity, must: Confirm your and your friends identity in their databases Make sure that you have enough money in your account (or have a bank account or credit card linked) Take money out of your account and transf Continue reading >>

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