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.

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Citations

  1. Amazon Managed Blockchain. Amazon.com.


"Amazon Launching Blockchain Service That Uses IBM and Ethereum Tech" contains information about the following Cryptocurrencies:

Ethereum (ETH)

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