- Amazon has launched the preview version of its Quantum Ledger Database service
- They also announced the launch of their managed blockchain service
- The ledger database has three times the speed of existing services on the market
Despite denying any plans of entering the blockchain industry with AWS last year, Amazon has recently unveiled its Amazon Quantum Ledger Database service, which is a fully managed ledger with its own central trusted authority.
The new service is being offered in its preview version from the 28th of November 2018 and offers an immutable ledger that shows all changes made which are cryptographically tracked and recorded.
This announcement was made at the AWS re:Invent event in which entails were given about the service such as its ease of scalability and its speed, which reportedly is three times faster than other services available in the market.
“It will be really scalable, you’ll have a much more flexible and robust set of APIs for you to make any kind of changes or adjustments to the ledger database,” said Andy Jassy, AWS CEO.
More details were given on their official website, which states,
“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.”
It was also explained that QLDB uses a transaction log that gives a secure record of all changes made over time.
There was also an announcement of a managed blockchain service.
The service helps eliminate the cost of overhead needed to create the network.
It goes further, having automatic scalability to adjust itself to the thousands of transactions that will take place on it.
“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,” the announcement said.
It also allows users to obviate others into their network, creating a team-like situation as well as managing certificates and tracking usage compute. memory and storage resources.
While on previews are available at this time, it will be interesting to see this service in its entirety as well as anything else Amazon is planning.