You may have heard of Amazon, right? One of the largest e-commerce websites in the world and one of the very first at that? Owned by one of the richest men in the world? It’s generally accepted that indeed, Amazon is one of the worlds largest companies, for good reason too. Through their technological development in the 90’s and the early 00’s, they have brought huge changes to the way we all buy products both online and in real life too. Amazon has changed the shape of the commercial world. Many see this as a bad thing, but for tech enthusiasts like ourselves, it’s great.
Now, because Amazon is built upon innovation after innovation, it is expected that they continue to grow and develop. This certainly is the case with the company now exploring blockchain technologies that have been designed to help project the development side of Amazon into the future. Now please do stay calm, this doesn’t mean that Amazon is soon to accept Bitcoin payments, but I guess that option is still on the cards for the future.
According to recent reports, Amazon has launched two new blockchain products by the names of Amazon Managed Blockchain (AMB) and Quantum Ledger Database (QLDB). This news came from an announcement made at Amazon’s recent re:Invent conference.
According to The Next Web:
“The AMB service will use the open source Hyperledger Fabric. Perhaps we should have seen this one coming after IBM recently opened its dev platform to Amazon Web Services. Ethereum compatibility is pegged to be added in the near future.”
“The Quantum Ledger Database on the other hand is not strictly a blockchain, rather it’s one component of the AMB that maintains the history of data changes made on the AMB. Amazon also claim that it can scale as required, adding more capacity as it is needed, and removing capacity when it isn’t used.”
We can be sure that this is more a development designed to future-proof Amazon and therefore no big changes will be seen within the standard Amazon interface that we all see just yet. As The Next Web confirms, AMB does contain an option that allows cross compatibility with the Ethereum blockchain, so going forward we could see AMB used in the development of Ethereum dApps, though this is not yet confirmed.
It’s great to see a firm the size of Amazon pushing on and exploring this arena. We know they have the skills and the drive to make something very unique out of this and therefore, we can’t wait to see what the Amazon blockchain revolution will really hold.Investment Disclaimer