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Amazon Managed Blockchain Gets 'Stacking' Support
Amazon adds Managed Blockchain solution to its cloud storage services.
By Daniel Kuhn
Updated Sep 13, 2021, 11:18 a.m. Published Aug 13, 2019, 1:50 a.m.
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Amazon Web Services (AWS) is integrating its Managed Blockchain platform with CloudFormation.
CloudFormation, part of the web services arm of the e-commerce giant, will support the company’s blockchain management system. The service will assist in “creating and configuring networks, members, and peer nodes.”
Instead of setting up blockchain environments and applications by hand, clients can build a template and use it to create all of the necessary resources, collectively known as a CloudFormation stack.
Free to clients of Amazon Web Services, CloudFormation acts as a replication and scaling tool between a client's web service applications, making it easier to build new blockchain networks.
The company writes in a statement published August 12:
“With CloudFormation support for Managed Blockchain, you can create new blockchain networks and define network configurations, create a member and join an existing network, and describe member and network details such as voting policies.”
The idea is that managed blockchains will become even more scalable. This model removes opportunities for manual error, increases efficiency, and ensures consistent configurations over time.
Amazon released the service three months ago. AT&T, Nestle, Accenture are counted as clients.
According to the company, “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.”
Last week, Amazon published a job posting that suggests it is building ways to use blockchain for its advertisement business.
Image via Shutterstock
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UPDATE (14, August 16:00 UTC): This article's headline and text has been updated to reflect Amazon Managed Blockchain has always had cloud support.
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Bitcoin options signal extreme fear as downside protection premium hits new all-time high, says VanEck
Despite stabilizing spot prices, investors remain defensive, with leveraged speculation cooling and realized volatility dropping from 80 to 50, suggesting a cautious market sentiment.
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- Bitcoin traders are paying record prices for downside protection, with the put/call open interest ratio reaching 0.84, the highest level since June 2021, and put premiums reaching an all-time high relative to spot volume.
- Despite stabilizing spot prices, investors remain defensive, with leveraged speculation cooling and realized volatility dropping from 80 to 50, suggesting a cautious market sentiment.
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