With a view to make it faster and easier for developers to build and deploy secure blockchain networks, has launched its . Thanks to these templates you will be able to concentrate your attention only on creating your blockchain-based applications and not to waste your time and forces for setting up your blockchain network manually.
For using AWS Blockchain Templates you do not need to pay any additional fees, you pay only the amount that is required for running a blockchain network. You pay only for those resources that you really use. But it is not the only benefit of using these templates.
They also provide you with a chance of fast deployment. It will take you just some minutes to deploy a blockchain network on Amazon ECS or Amazon EC2 instances. As a result, you are able to proceed to building your applications much faster.
Moreover, AWS Blockchain Templates offer you a choice from two the most demanded blockchain frameworks that provide support to two versions of the technology: Ethereum and the Linux Foundation’s Hyperledger Fabric. But you should also take into consideration that both these frameworks offer smart contract functionality, distributed consensus algorithms and access control features. But there are some obvious differences.
An open-source blockchain framework Ethereum allows you to develop blockchain applications that run exactly as created. There is no downtime, risk of fraud and censorship. Moreover, involvement of third-party is not required. Ethereum is a good option for those who prefer to transact with peers on the public Ethereum network, or want to utilize Ethereum’s Solidity smart contract language. It also will suit those who want to build a new public network.
Meanwhile, an open-source blockchain framework from the Linux Foundation known as Hyperledger Fabric will also enable you to create blockchain applications. And it also provides you with access control and permissions for data on the blockchain. Hyperledger Fabric will be a more appropriate variant for those who need to establish a private blockchain network, or want to limit visibility of transactions that can be seen for each party.
What is also important, in both cases despite your choice, AWS Blockchain Templates have some extra tools for managing, controlling and monitoring of your blockchain networks.
In his announcing the launch of AWS Blockchain Templates, AWS vice president Jeff Barr wrote that today some people still do not have full understanding what exactly these technologies have brought us. “Either way, it is clear that there are a lot of intriguing possibilities and we are working to help our customers use this technology more effectively,” he added.
Nevertheless, Amazon is not the first company to offer its users opportunities of this kind. Oracle started a similar platform six months ago. In March, announced the launch of its Hyperledger-based platform for startups for easier creation of blockchain project. And last week Chinese tech giant revealed its plans to start a new blockchain-as-a-service (BaaS) Hyperledger-based platform.
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Today the lucrative universe of blockchain technology and smart contracts is still only visible to parties that are running node or have an undetermined timeframe and sizeable budget to invest into a development of blockchain-enabled service as almost everything must be created from scratch.
As a vast majority of currently available tools and solution-systems run on legacy infrastructure, they are not able to interact directly with blockchains and thus fail to provide users with access to the abundant benefits of decentralized ledger.
Just like WordPress became an open-sourced world application for building a wide variety of web-pages, a Swiss startup aims to create the first toolbox allowing anyone to use building blocks in order to create workflows that eventually will result into affordable blockchain apps. In this way, Proxeus delivers a supportive guideline for all entities who are willing to increase the efficiency of their business processes owing to blockchain.
The team has been developing the Proxeus platform for 2.5 years and now they are beta-testing and running their first trials. The project’s roadmap reveals that the first live applications will be running on the platform by the end of ongoing year, once the Proxeus team releases a public product.
However, by now there are several significant achievements of Proxeus innovative blockchain technology that wrought public attention to the platform. According to the recent announcement, Proxeus and its partners including IBM Switzerland, Canton Zug and Swisscom, have legally registered the very first Swiss company using blockchain technology. The event took place as part of the digitalswitzerland challenge, a joint initiative from several of Switzerland’s leading businesses aimed at driving digitalization efforts across the country.
The group said the idea emerged from the realization that an alternative to the current cumbersome, time-consuming and paper-intensive process of business registration needed to be introduced in Switzerland.
By shifting the entire process encompassing the entrepreneur, lawyer, bank, notary and commercial register to a digital workflow and Hyperledger blockchain and by utilizing smart contracts, the key steps can be processed instantly, drastically reducing the amount of time spent toward verification.
Antoine Verdon, co-founder of Proxeus, said:
“We joined this challenge because it offered a perfect proof of concept for Proxeus. The existing system was slow and inefficient. We have proposed a solution that allowed us to radically speed up the registration process by creating a parallel blockchain track, while still producing all the paperwork necessary to document and formally incorporate the company.”
Last month Swiss startup has signed an important partnership deal with data storage facility MOUNT10 that was described by the platform’s team as a key element in Proxeus’ ambitious goal. The above-mentioned partnership allows Proxeus to securely transmitting data encrypted on the client’s computer to an off-chain storage on MOUNT10’s server infrastructure therefore enables both accessibility and nuclear level protection.
Proxeus has recently completed a successful initial coin offering (ICO) where they raised $25 million over two days of ICO right before winning the Swiss Fintech Award for “Early Stage Startup of the Year 2018”. According to Proxeus, $10 million was raised by 20 buyers during the pre-sale, with the remaining $15 million being raised during the main sale from approximately 800 investors.
Despite the innovative approach held by Proxeus, the incentive to be a ‘WordPress of Blockchain’ has crossed the minds of other blockchain startups. The other day, Mumbai-based blockchain project Elemential seeking to remove the pain of “blockchain administration” and save developers time by simplifying the process of building enterprise blockchains.
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The leaders of the millennial generation are approaching their mid-thirties. Among many other things, this represents a huge opportunity for the mortgage industry. In fact, millennials are theof home buyers in America.
Couple this with the fact that the American housing market (which currently stands at $26 trillion) – even bigger than the U.S. stock market – and it’s clear to see that there is certainly a huge wealth of opportunity within this sector.
However, in the current climate, reaching this large pool of potential homeowners is proving to be a struggle.
What Separates Millennial Borrowers from Previous Generations?
Millennials operate differently from the older generations. As a result, effectively reaching them will require different tactics.
There are many different traits that separate millennial borrowers from baby boomers. Despite the fact that many millennials weren’t fully exposed to technology until their teenage years (remember, the first iPhone until June 2007), there is no doubt that they have now fully welcomed it into their daily habits.
For instance, instead of calling up an estate agent or asking their friends for advice on the best way to get a mortgage, they are far more likely to head straight to Google and find their answers there.
The way Millennials search for the right mortgage has changed significantly. They are demanding more transparency, more simplicity, and more lender options to choose from.
Even more significantly, we are noticing that Millennials are engaging with traditional lenders differently to previous generations.
As the result of the implementation of new federal rules, a significant number of big US banks like JPMorgan Chase, Wells Fargo, and Bank of America from the mortgage market.
Meanwhile, we have witnessed the rise of nonbank lenders who are now dominating the industry. One such example is – a company that is part of a group of lenders (many of them online only) that have helped over 2 million families finance their homes, according to their website.
There are also a number of hurdles that Millennials must overcome that previous generations did not have to worry about. In particular is the huge student debt burden that a significant proportion of Millennials are struggling with.
For those saddled with such debt, it negatively affects their credit scores, and as a result, can make it very difficult to get a mortgage loan. Unfortunately, the professions of these individuals are not taken into account, and their claims are often rejected.
Shaking Up the Market with Blockchain Technology
With the rise in new technology over the past few years, the time has finally come to shake up the market even more. In particular, through the implementation of blockchain technology.
Blockchain companies like are using a unique peer-to-peer crowdlending model to help aspiring homeowners to buy a place of their own. It is hoped that this model will allow individuals to be assessed on more fair grounds.
The Homeland platform offers mortgage specific loans that are crowdsourced according to the actual property price. If the cap is not reached, the user will not receive any of the money and it will be returned to the lenders.
When a loan is approved, and this cap is reached, the property will then be held as collateral by the platform until the loan has been fully repaid to all lenders. If the funds are not repaid, Homelend will forfeit the property and return all funds to the original lenders.
By using machine learning and artificial intelligence, the platform will function as a system based on a broad pool of information and a sophisticated assessment criteria.
is another company trying to make peer-to-peer lending a more viable option.
It encourages its users to leverage their social network to create a digital credit score and learn how to earn interest from loaning money to their peers, or to receive loans with much lower interest rates than traditional banks.
It is hoped that such a system will provide the Millennial generation with increased access to the support they need that will finally allow them access to the housing market.
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