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Amazon Managed Blockchain

Amazon Managed Blockchain is a fully managed service that makes it easy to create and manage scalable blockchain networks using the popular open source frameworks Hyperledger Fabric and Ethereum*.

Blockchain makes it possible to build applications where multiple parties can execute transactions without the need for a trusted, central authority. Today, building a scalable blockchain network with existing technologies is complex to set up and hard to manage. To create a blockchain network, each network member needs to manually provision hardware, install software, create and manage certificates for access control, and configure networking components. Once the blockchain network is running, you need to continuously monitor the infrastructure and adapt to changes, such as an increase in transaction requests, or new members joining or leaving the network.

Amazon Managed Blockchain is a fully managed service that allows you to set up and manage a scalable blockchain network with just a few clicks. Amazon Managed Blockchain eliminates the overhead required to create the network, and automatically scales to meet the demands of thousands of applications running millions of transactions. Once your network is up and running, Managed Blockchain makes it easy to manage and maintain your blockchain network. It manages your certificates and lets you easily invite new members to join the network.

Amazon Blockchain – Quantum Ledger Database

Amazon QLDB is a fully managed ledger database that provides a transparent, immutable, and cryptographically verifiable transaction log ‎owned by a central trusted authority. Amazon QLDB can be used to track each and every application data change and maintains a complete and verifiable history of changes over time.

Ledgers are typically used to record a history of economic and financial activity in an organization. Many organizations build applications with ledger-like functionality because they want to maintain an accurate history of their applications’ data, for example, tracking the history of credits and debits in banking transactions, verifying the data lineage of an insurance claim, or tracing movement of an item in a supply chain network. Ledger applications are often implemented using custom audit tables or audit trails created in relational databases. However, building audit functionality with relational databases is time-consuming and prone to human error. It requires custom development, and since relational databases are not inherently immutable, any unintended changes to the data are hard to track and verify. Alternatively, blockchain frameworks, such as Hyperledger Fabric and Ethereum, can also be used as a ledger. However, this adds complexity as you need to set-up an entire blockchain network with multiple nodes, manage its infrastructure, and require the nodes to validate each transaction before it can be added to the ledger.

Amazon QLDB is a new class of database that eliminates the need to engage in the complex development effort of building your own ledger-like applications. With QLDB, your data’s change history is immutable – it cannot be altered or deleted – and using cryptography, you can easily verify that there have been no unintended modifications to your application’s data. QLDB uses an immutable transactional log, known as a journal, that tracks each application data change and maintains a complete and verifiable history of changes over time. QLDB is easy to use because it provides developers with a familiar SQL-like API, a flexible document data model, and full support for transactions. QLDB’s streaming capability provides a near real-time flow of your data stored within QLDB, allowing you to develop event-driven workflows, real-time analytics, and to replicate data to other AWS services to support advanced analytical processing. QLDB is also serverless, so it automatically scales to support the demands of your application. There are no servers to manage and no read or write limits to configure. With QLDB, you only pay for what you use.