Amazon Presents Its Quasi-Blockchain Solution, Platform for Ethereum and Hyperledger Fabric

The company hence marked its further expansion into the field of blockchain technology, which started with blockchain-related patents and collaborations that Amazon has seemingly chose over working with cryptocurrencies, per se.

Thus, all changes are purportedly recorded on-chain, while the new product is also able to automatically scale to "Execute 2-3X as many transactions than ledgers in common blockchain frameworks." Indeed, Andy Jassy, the CEO of Amazon Web Services, reportedly stated that the QLDB "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."

"QLDB is a normal database from that sense, [while] a blockchain database is also an immutable ledger the QLDB tech is another layer of software which eases the development of ledger-like software."

"Cryptography may calm down some users but doesn't provide the security and robustness that a blockchain provides. [It is more] like a marketing tool."

"It's marketing buzz, we see it with artificial intelligence and [the] Internet of Things, too. That may continue to happen until creating a real decentralized blockchain is as easy as creating a database today."

With further development of blockchain comes greater adoption.

Amazon Managed Blockchain: Add-on to QLDB or independent blockchain solution?

Amazon Managed Blockchain, which was announced along with the QLDB, "Makes it easy to create and manage scalable blockchain networks using the popular open source frameworks Hyperledger Fabric and Ethereum," but also works with QLDB itself, according to the company's website.

AWS CEO Andy Jassy claims that this service "Is going to make it much easier to use the two most popular blockchain frameworks."

"Governance in distributed protocol is an important aspect, but it's unclear in what manner Amazon achieves this. If they implemented it in a centralized manner, how different is that from QLDB?". Montes, in turn, doesn't believe that a managed blockchain service offering may be around for long because "It limits open scalability by locking it up into a single cloud provider." However, such solutions might be useful for testing and proof-of-concept operations, he adds.