Select Page

Amazon Web Services (AWS) allows its users, from now on, to share Ethereum nodes, and what does that entail? It is connected to the main blockchain network, which now occurs in addition to test networks such as Ropsten and Rinkeby. According to Amazon, the program will offer secured access to the network, all with “standard open-source cryptocurrency APIs. What does this mean? Nothing more than synchronisation with the Ethereum blockchain. 

Amazon press release

According to Amazon’s announcement:

“Amazon Managed Blockchain monitors node health, replaces unhealthy nodes and automates Ethereum software updates, improving the availability of customers’ Ethereum infrastructure.” 

and continues:

“In addition to the DeFi application, customers building analytics products such as smart contract monitoring tools and fraud detection software can also benefit from this scalable, highly available and fully managed Ethereum service.”

What does this mean in practice?

It means that everyone can have their own blockchain. AWS launched its first Amazon Managed Blockchain back in April 2019 propping up the claim that customers would be able to configure blockchain networks within their organisations and use the open source Ethereum and Hyperledger platforms. 

It said at the time that the service could eliminate the need to “provision hardware, install software, create and manage access control certificates and configure network settings”. To quote a historical statement:

“To create a blockchain network, each member of the network must own the hardware, install the software, create and manage certificates for access control, and configure the network components. Once the blockchain is up and running, the infrastructure must be constantly monitored and adapt to changes, such as an increase in transaction requests or new members joining or leaving the network.”

The release of this feature correlates with the resignation of Amazon chief executive Jeff Bezos about a month ago. He was succeeded by Andy Jassy, the current CEO of AWS, who oversees the company’s crypto offerings. Is this a new development for Amazon? Time will tell, but it’s another example of cryptocurrencies going from strength to strength, and it won’t be long before we see a steady presence of this financial sector in the world’s biggest sales portals