- July 27, 2023
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Amazon Managed Blockchain (AMB) announced an upgrade to its Access and Query functions, ushering the tech giant deeper into Web3. The announcement was made during the two-day AWS Web3/Blockchain Summit in New York City on July 26, representing a significant step in advancing Amazon’s blockchain services.
The Amazon Managed Blockchain, a Blockchain-as-a-Service (BaaS) platform, is designed to help businesses, startups, and individual developers more easily create and maintain scalable blockchain networks. The move to bolster AMB’s Access and Query functionalities provides users with increased access to their network activity data and transaction history.
“Amazon Managed Blockchain Access and Query provide friction-free access to blockchain networks and their data so developers can easily create their Web3 applications,” said Saman Michael Far, VP of Financial Services Technology at AWS.
This service enhancement is expected to lead to more insightful decision-making and improved operational efficiency for customers.
The Access functionality of AMB has been expanded to provide serverless and scalable access to blockchains. This allows developers to utilize standard remote procedure calls, a mechanism for tasking an external computing source with specific functions, to interact with digital assets and distributed applications across multiple blockchains without requiring specialized infrastructure. The service will initially extend support to the Bitcoin network.
AMB’s Query feature provides developers access to blockchain data across multiple chains, starting with Bitcoin and Ethereum, through application programming interfaces (API). Amazon is introducing a pay-as-you-go model for this service, a move aimed at enhancing accessibility and affordability for users.
Potential use cases for the expanded AMB services include custodial and wallet crypto applications and Web3 consumer engagement campaigns that utilize non-fungible tokens (NFTs). Amazon’s enhancement of these services underlines its commitment to the Web3 space, positioning the tech giant as a significant player in the global transition toward blockchain adoption.
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