Ethereum Could Become A New Standard As Amazon Gets Into Blockchain

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Ethereum's blockchain could soon become a standard as Amazon Web Service (AWS) gets into blockchain. Amazon will be releasing a new tool that enables users to create and manage scalable blockchain networks via public-blockchains, like Ethereum, and private and permissioned blockchains, like Hyperledger Fabric.

Why Does Amazon Choose Ethereum?

According to a press release on April 30, Amazon said that through its Amazon Managed Blockchain (AMB), businesses can now set up a blockchain network through the Hyperledger Fabric. Ethereum will also be made available this summer.

AWS's new tool will purportedly allow customers to set up and manage a scalable blockchain network with just a few clicks. It even provides simple API's so that customers can vote on memberships in their networks, and it offers a range of computing and memory capacities to suit their blockchain applications.

As reported by Yahoo Finance, Amazon chose to support Ethereum's blockchain because:

"Ethereum is well suited for highly distributed blockchain networks where transparency of data for all members is important. Customer loyalty blockchain network that allows any retailer in the network to independently verify a user's activity across all members to redeem benefits."

Final Thoughts

Amazon Web Services is the world's most comprehensive and broadly adopted cloud computing platform, used by customers such as Apple, which spends over $30 million a month on AWS.

Therefore, the fact that Ethereum will be on AWS this summer is very positive for its adoption, and could establish Ethereum's blockchain as the standard for open-blockchain networks.

As previously reported by IIB, Ethereum is on an unstoppable trajectory to becoming the world's leading blockchain by achieving real-world adoption on multiple fronts.

When do you think Ethereum's price will begin to reflect the project's achievements? Let us know in the comment section below.

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Thursday, 23 May 2019
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