Amazon Managed Blockchain

Amazon Managed Blockchain

In this article, we have discussed blockchain and also with amazon managed blockchain. And we also discussed its pricing, customers, component, benefits, features, and how it works. How to use AWS in blockchain templates then it configures and launches the AWS in the formation of the cloud and their stack that create the blockchain networks.

The AWS blockchain creates a private blockchain network through an AWS cloud formation.

  • AWS Blockchain Template
  • How did it work?
  • Benefits of AWS
  • Types of AWS
  • Using cloud formation network set up ethereum network to create blockchain template
  • Conclusion

AWS Blockchain Template:

By using a popular open-source framework, now AWS makes it quick and easy, deploy, develop and make your blockchain network secure. By using the AWS template you can only focus on building up the blockchain apps.

Here the framework is deployed as a container that works on the Amazon Elastic Container Service (ECS) that hosts the running docker. Then build your own blockchain network on your own Amazon VPC.

How did it work?

Here the framework is deployed as a container that works on the Amazon Elastic Container Service (ECS) that hosts the running docker. Then build your own blockchain network on your own Amazon VPC.

Benefits of AWS:

1.Faster deployment

2.Cost-efficient

3.Choices of platform service

4.Associated management tools & service

Types of AWS:

It has 2 types of AWS blockchain templates. They are

  • AWS blockchain template for Ethereum
  • AWS blockchain template for Hyperledge fabric

AWS blockchain template for Ethereum:

The ethereum foundation developed the open-source blockchain framework and it allows the creation of a blockchain app without fraud, downtime, 3rd party interference, and also censorship.

By using this,

  1. You can create a public network
  2. Transact with other ethereum users on a public ethereum network.
  3. Use ethereum solidity smart contract language.

AWS blockchain template for Hyperledge fabric:

  1. Hide a transaction from every party’s view.

2.Develop a private blockchain network.

3.This is a simple process and this is using the cloud formation stacks.

Using cloud formation network set up ethereum network to create blockchain template:

  • Setting up pre-requisite
  • Create key-value pair
  • Create a VPC and subnets
  • Create security groups
  • Create IAM role
  • Create EC2 instance profile
  • Create a bastion host
  • Create ethereum network

Conclusion:

In this blog article, we inaugurate the AWS that is Amazon Managed Blockchain and demonstrate the use of the formation of cloud stacks that create a blockchain. OK let bye stay tuned we will see you on another topic.

BLOCKCHAIN SOLUTIONS