Amazon intends to provide safe access to the network with “standard open-source Ethereum APIs” and accord with the Ethereum blockchain.
The firm stated that “Amazon Managed Blockchain monitors node health, replaces unhealthy nodes, and automates Ethereum software upgrades, improving the availability of customers’ Ethereum infrastructure. In addition to DeFi applications, customers building analytical products such as smart contract monitoring tools and fraud detection software can also benefit from this scalable, highly available, and fully managed Ethereum service.”
AWS initially rolled out its Amazon Managed Blockchain in April 2019, stating that the period clients will be able to establish blockchain networks within their institutions and utilize the Ethereum and Hyperledger open-source infrastructure.
The service pointed out that it could discard the requirement “to provision hardware, install software, create and manage certificates for access control, and configure network settings.”
The initiative has come a month after Jeff Bezos revealed his plan to step down as Amazon CEO in 3Q21. Andy Jassy will replace him as the new CEO. Jassy is presently the CEO of Amazon Web Services and govern the company’s cryptocurrency offerings.