Amazon sees a lot of potential in blockchain technology. That’s why Amazon Web Services CEO Andy Jassy announced two new blockchain products during the company’s re:Invent conference in Las Vegas on Wednesday.

In a release, AWS said it will offer Amazon Quantum Ledger Database and Amazon Managed Blockchain for developers using its cloud-computing services.

For the managed blockchain, AWS said customers will be able to set up “a scalable blockchain network with just a few clicks” that “automatically scales to meet the demands of thousands of applications running millions of transactions.” Amazon’s new product will support the Ethereum and Hyperledger Fabric blockchain platforms.

AWS said the Amazon Quantum Ledger Database, or QLDB, will allow  customers to replicate a copy of their blockchain network activity.

“We don’t build things for optics,” Jassy said, according to CNBC. “This is something that a lot of companies need.” Read more here.

ThirtyK Staff
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