World’s largest E-commerce company, Amazon has launched a managed blockchain platform to support blockchain companies. Here other companies will be able to create their own low-cost blockchain network.

This platform was unveiled on Wednesday at Amazon’s re:Invent conference. On their official website, they said that this service is fully managed and it’s easy to create and manage blockchain networks. They support two popular opensource frameworks Hyperledger Fabric. Ethereum is not yet totally supported but is coming soon.

If you are planning to start a blockchain startup then you will face some challenges. Like you need to create and manage and monitor the blockchain network. Which in-turn requires more manpower and resources. Thus Amazon has come up with this Managed Blockchain Platform as a solution.

Their website says,

This is not yet released entirely because its still on the preview for users to sign up now. Companies who are interested can join this preview and if selected they can create a blockchain network.

Also, this year in the month of April, we had seen Amazon has launched AWS Blockchain Templates. And with this developers will be able to create decentralized apps(DApps).

It shows that Amazon is very much interested to support blockchain businesses. And it wants a piece of the pie in the blockchain sector.