Amazon Launching Blockchain Service That Uses IBM and Ethereum Tech

Amazon announced at Amazon’s re:Invent conference that they are launching the Amazon Managed Blockchain platform. Users can build platforms using either IBM’s Hyperledger Fabric (available) or Ethereum (not available yet).[1]

In terms of crypto, this is bullish for Ethereum as you can’t do anything on the Ethereum network without paying a fee in ETH (meaning anyone using the Ethereum platform also needs ETH) and this is generally bullish for crypto tech… as it shows a real world example of big companies (Amazon and IBM) embracing blockchain technology.

Learn more about the the Amazon Managed Blockchain platform from Amazon.

Article Citations
  1. Amazon Managed Blockchain.

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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